Benefits

Techscheme helps you spread the cost (interest free) on 1,000s of tech items, appliances and homeware. It’s a salary sacrifice benefit which means you exchange part of your salary across 12 months and make a National Insurance saving of upto 12%. Best of all, you own the products from the beginning and retain ownership once the funding plan has ceased and there’s no end of hire fee. Use the savings calculator https://www.techscheme.co.uk/how-it-works to find out how much you could save by entering the combined total value of your products and your annual salary.

Salary sacrifice occurs when you agree to give up part of your salary for an agreed period of time in exchange for a non-cash benefit, such as the supply of technology. As salary sacrifice is taken from gross salary (before tax) rather than net pay, you will not initially pay any tax or National Insurance on the salary sacrifice amount. However, the provision of the equipment is a taxable Benefit In Kind (BIK) that needs to be reported to HMRC on a P11D benefits form at the end of the tax year. A P11D form is used by Skiddle to report on the Techscheme. Therefore, HMRC will recover the tax due, in arrears, via a change in your tax code the following tax year (April 6 th – April 5 th ).

Select the total value of the products you want to get from Currys or IKEA Submit an order through Techscheme by visiting https://www.techscheme.co.uk/eb69e5 this link is unique to Skiddle Ltd. The process takes no more than 5 minutes (you will need your payroll number) HR will review your application and pay for your Techscheme package, you will then receive a Redemption code to use in store or online

You will electronically sign the Funding Plan as part of the request process
You will receive your voucher directly to your email within approximately 10 days
You then redeem your voucher with either Currys or IKEA

Please note; To apply for the Techscheme you must have reached 12 months service prior to applying for the scheme. If you leave Skiddle before the funding plan has ceased, you will be required to settle any outstanding balance from your final net salary payment. If the outstanding balance is greater than your final net salary payment, you will be required to settle the balance separately.

If you don’t want to join the scheme, you need to ask to leave it by contacting ‘The Peoples Pension’ directly. You can stop contributing quickly and easily by following either of the below steps:

• via the website: Opt Outing – Your Credentials (peoplespartnership.co.uk) – you’ll just need your customer number and National Insurance number handy. Please note; You don’t need to set up your Online Account to do this.
• by calling the recorded helpline 24 hours a day on 0300 330 1280. You’ll need your customer number to hand.

Please note; if you do contact ‘The Peoples Pension’ to opt out, please can you also email finance@skiddle.com just so we can keep an eye out for this happening.

If you choose to leave the scheme in the one-month period from the date you were enrolled you will be able to receive a refund of the contribution you have paid, however you must contact ‘The Peoples Pension’ within a month of the date on your joiner information pack which was emailed to your personal email address when you were enrolled, please also ensure you send an email to finance@skiddle.com and advise you wish to obtain a refund and this will be processed for you.

Please note; If you leave or take a break from contributing into your pension after the end of the one-month period, you won’t be entitled to a refund. ‘The Peoples Pension’ will keep it invested for you until you decide to access your pension savings.

You can ask to rejoin the scheme by emailing finance@skiddle.com , please ensure your email contains the phrase, ‘I confirm I personally submitted this notice to join a workplace pension scheme.’ Please note: You can only re-join once in any 12-month period.