Cheshire-based travel company Inspire has announced the launch of Salary Sacrifice by Inspire, aimed at giving company employees the opportunity to pay for their holidays through a monthly payment deducted directly from their salaries.
The new scheme, which has already been taken up by a number of UK-based businesses and more than 90 NHS Trusts UK-wide, is targeted at employers of any size organisation who want to offer their employees the scheme as a flexible employee benefit.
Inspire’s Group CEO, Peter Pantelides, said: “Having gained so much experience and insight from operating our own highly successful travel gift card for more than a decade, the salary sacrifice scheme is a natural strategic development for us. The new scheme not only plays to our strengths but fills a gap in the current market.
“The annual holiday is one of the largest household expenses of the year and having the opportunity to pay for it via a salary sacrifice scheme, and not use expensive credit terms, is an attractive way to fund that well-earned time away.”
“The companies who are offering our scheme to their employees are telling us that it is proving very popular with their staff.”
Salary Sacrifice by Inspire allows employees to book almost unlimited types of travel, up to a value set by their employer.
Importantly, Salary Sacrifice by Inspire is underpinned by Inspire’s new and unique trust account model, recently introduced to protect all monies spent via salary sacrifice or loaded onto its gift cards.
The trust account was developed over the period of lockdown and launched in April 2021. It is now operating across both Inspire’s travel card and its salary sacrifice scheme and is providing the company with a unique selling point.
Pantelides continued: “Given the pandemic and the impact it has had on the industry and consumer confidence where gift card spend is concerned, we have put in place our own trust account across these core business areas to give our customers complete peace of mind by providing them with full financial protection.
“Gift card consumers need to know their money is 100 per cent safe, as do those who are purchasing a holiday through Salary Sacrifice by Inspire. By operating our own trust account, we can give them that guarantee.
“We are now the only UK-based retailer to place all our gift card and salary sacrifice scheme funds in a secure trust account, which makes us totally unique.”
Inspire - an ABTA, ATOL and IATA licensed travel agency and tour operator - works in partnership with over 300 travel partners including: Expedia, TUI, Kuoni, Jet2Holidays, Sandals, Disney, Hoseasons and many more.
For more information about the Salary Sacrifice by Inspire please contact amanda.et-tibary@inspireemail.co.uk
