We are looking into the possibility of introducing interest free season ticket loans to our employees.
I would like to understand the following:
– Are there any costs associated with introducing season ticket loans?
– It seems quite straightforward to introduce, however are there any factors I should consider before making a decision?
– Are there any tax implications to the employer/employee?
Also, if anyone has any polices/documents they would be happy to share with me in relation to this, that would be great.