THE PROCESS |
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| Scheme Order Window opens | |
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| Place your order on the online store | |
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| Orders are approved by your HR Dept or Payroll | |
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| You must sign a salary sacrifice agreement to hire the products from your employer during the benefit term In additon if you have selected an Airtime Tariff you must sign and return the Direct Debit Agreement and Mandate for additional our of tariff charges. |
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| Goods are shipped to your home address during the delivery window | |
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| Your employer starts reducing your monthly gross salary | |
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| 4 weeks from the end of the agreement we will contact you to provide the option to Keep or Return the Handset. In addition we will explain the end of scheme process including how you can retain your number. |
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| KEEP |
RETURN |
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If you wish to keep the handset you must pay a Fair Market Value (FMV) for the handset estimated to be 15% off the original handset RRP. This will be collected via your annual P11D or via PAYE. |
If you return the handset you retain the savings made and will receive a loyalty discount for the next scheme. This will equate to trade in value of your product(s) at the end of the scheme via your annual P11D. |
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A P11D is an annual return that companies make as part of their payroll process, that tells HM Revenue & Customs (HMRC) what benefits have been provided to employees during the tax year in addition to their salary. Any income tax due from the benefits is normally collected via a change to the employees PAYE tax code for the following tax year. |
Contact Information
⌂ Address:
The Progression Centre, Mark Road
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☎ Phone:
01992 703 900
✉ Email:
support@academia.co.uk
◴ Working Days/Hours:
Mon - Thurs / 8:30AM - 5:30PM
Fri / 8:30AM - 5:00PM
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