Gift Vouchers
For Employee Rewards
Looking for gift vouchers for employee rewards?Learn about the different types of gift vouchers and how they compare against the top digital employee rewards in Ireland.
What Are Gift Vouchers
Gift vouchers are prepaid tokens that allow you to purchase goods or services up to a specific value. Gift vouchers can belong to a particular marketplace, store, or specific service, such as a spa or restaurant. These vouchers are commonly used by businesses in Ireland for corporate gifting.
Digital Vs Physical Gift Vouchers
Gift vouchers can be of two types: Digital and Physical.Let's understand the key difference between the two
Tax-Free Corporate Gift Vouchers For Employees
For Businesses In Ireland & UK
Employers in Ireland can give tax-free vouchers for employees of up to €1,500 per year. Vouchers are considered a non-cash benefit under the Small Benefit Exemption Scheme. To qualify, the following conditions must be met:
Employers can give up to five gift vouchers per employee per year
The combined value of those gift vouchers cannot exceed €1,500
Vouchers must not be redeemable in part or in full in cash
Vouchers must be paid outside payroll and cannot be offset against salary
Business Use Cases For Digital Gift Vouchers
Corporate vouchers for employees offer a flexible approach to gifting.Here are the key use cases where gift vouchers bring the most value:
Occasional Gifting
Businesses can offer digital gift vouchers to celebrate special occasions, such as Christmas, employee birthdays, and work anniversaries.
Tax-free Allowance
Gift vouchers are a great option for employee benefit programs where employers want to offer a tax-free allowance in Ireland.
Promotions & Incentives
Employees are more motivated to work when they are appreciated. Gift vouchers are perfect for incentivising employees who achieve a milestone or promotion.
Remote Team Engagement
Instant delivery of digital gift vouchers enables seamless and inclusive rewards for remote employees worldwide.
Types Of Vouchers For Employee Benefit Programs
Prepaid cards are pre-funded, meaning they are ready for use as soon as employees receive them. Businesses can issue and activate business prepaid cards for employees in 3 easy steps:
Specialty Vouchers
Specialty vouchers can be used to purchase specific items like books or educational courses, or electronic items.
Experience & Wellness vouchers
Experience and wellness vouchers can be spent in spa and wellness centers. It can also be used for other recreational activities, like gym memberships.
Travel Vouchers
Can be used to reward employees with travel-related benefits such as public transport passes, airline tickets, or accommodation vouchers.
Meal Vouchers
Prepaid meal vouchers are specifically designated for food purchases. They are perfect for hybrid or remote work environments.
Digital Vs Physical Gift Vouchers
Gift vouchers can be of two types: Digital and Physical.Let's understand the key difference between the two
Frequently Asked Questions (FAQs)
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