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  3. What are benefits in kind?

What are benefits in kind?

Benefits in kind are benefits which employees or directors receive from their employment but which are not included in their salary cheque or wages.

‘Benefits in kind’ – commonly referred to as perks or fringe benefits – come in all shapes and sizes. They can range from specific financial benefits like loans, or personal benefits like health insurance, to company cars, or even assets that employees can enjoy for personal use – such as properties.

Updated on 10th March 2020

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