A pension is a tax-efficient way of long-term saving for your future. Click here for more information about your pension

In the unfortunate event of an employee’s death whilst in employment; the scheme provides a life assurance benefit of 3 x basic salary, which is paid as a lump sum to a beneficiary, or beneficiaries, named by the employee. Please note this is not a taxable benefit and death does not need to happen while the employee is at work; they have to be employed by the company at the time of death.

Whilst this is not something pleasant to think about, many will find it reassuring to know that your family will be taken care of financially in the event of your death.

Bereavement assistance and counselling sessions are available for the immediate family of an employee we’re covering in the event of their death. Lump sum payments are usually made within five working days of receiving all the information that is needed.

It is vital that you nominate a beneficiary/beneficiaries for this scheme and it is kept up to date so that Lodha can honour your wishes.

You can do this via the beneficiary form available to download here.

Lodha has teamed up with a company called Workplace Nursery to provide you with significant savings on your childcare fees.  

This benefit enables parents who use a nursery for the care of their children up to the age of 5, to have the entire nursery fees paid each month by the company, direct to the nursery. The monthly nursery fees are then recouped back from your monthly gross salary. This means you save Tax and NICs on the full amount of your fees and not just the value of your childcare vouchers or Tax Free Credits (TFC’s) 

How will it benefit me and my family?  

The workplace nursery benefit allows you to save tax and National Insurance on the full cost of your nursery fees each month. The amount you can save is not capped, as it is/was with the childcare voucher benefit. For parents using a nursery for the care of their child and who pay more than £350 a month, the workplace nursery benefit delivers considerably better savings.  

Find out more by visiting the Workplace Nursery website: 

workplace-nursery.net

How do I apply for the scheme? 

Please click here to apply online and enter access key: 26ZA2F1 or call 0800 088 7315 quoting Lodha. 

We have not 1, not 2 but 3 salary sacrifice bike schemes in place so you have the widest choice of bikes to choose from!

The two schemes below enable you to buy a bike and accessories and repay in instalments over a 12 or 18 month period. The repayments are deducted via “salary sacrifice” from your gross salary before tax and NI deductions, resulting in significant savings for you.   

1) Salary Extras/Caboodle – Cycle2Work Scheme

You can access the Cycle2Work site via www.salary-extras.co.uk  (powered by Caboodle) 

When accessing the platform for the first time, please ensure you complete the registering as a 'new user' section at the bottom.  

Enter the company username: LodhaDevelopers  

Then Click ‘register now’ and  enter the generic password: LDL-469

2) Cycle Scheme

This scheme allows you to purchase a bike from 2000 retailers across the UK and covers the retailers not offered by the Cycle2Work scheme including Evans. 

You can access all the information you need by clicking on https://www.cyclescheme.co.uk/https://www.cyclescheme.co.uk/how-it-works for detailed information and to apply.  Please click on the "I'm an Employee" box and search for "Lodha Developers UK in the box that asks you to enter your company name or code.

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The following scheme enables you to rent a bike and pay for this via salary sacrifice over a 12 month period. 

Cycle Scheme Rent a Bike

You can access rental schemes with Santander, Brompton and Buzzbikes  

https://www.cyclescheme.co.uk/rent-a-bike

Interest free annual season ticket loans are available to all employees on completion of probationary period. The purpose of the loan is to enable employees to purchase a season ticket to travel to work which will save them money over the year.

The main terms of the scheme: 

The maximum season ticket loan available to employees, is £10,000. Loans will not be granted for any more than £10,000 as they will then be deemed a beneficial loan, and have tax and NI implications.  

You need to complete an application form for the required loan, which needs to be approved by your line manager and HR. This form can be found here and on IRIS. It can be sent and approved via email for ease. 

Repayment of the loan will be directly deducted from your salary over a 12 month period, from the date the ticket is purchased.

The season ticket loan must only be used to purchase/assist in the purchase of a travel season ticket for use by the employee applying for and receiving the loan, and for no other purchase. Once the ticket has been bought please send a receipt to the HR team. 

On leaving the company you will required to pay any outstanding balance in full from your final salary.