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Reward and Benefits

Reward and Benefits

Providing updates on all of the elements that make up an employee's total reward - how that is benchmarked, structured, designed and delivered.


Partner – Employer Reward Services

KPMG in the UK


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Rewards and Benefits

This page is concerned with all of the elements that make up an employee's overall reward package - how that is benchmarked, structured, designed and delivered. 

We focus not only on the regulatory environment in the UK - as it impacts the tax/NIC efficiency of certain benefits, e.g. cash and share based incentive schemes, pensions, company cars, holiday, mileage allowances, etc. - but also on providing insight around governance and regulation affecting decisions around reward. We also consider issues such as Total Reward and Flexible Benefits as ways of constructing and communicating reward to employees.

If you want to know more, or would like us to consider any particular topics, please get in touch.


Enabling supports or restrictive constraints - what’s right for your organisation?

Outsourcing contingent labour might be convenient, but it can carry hidden PAYE, NIC and employment law risks.
Sales incentive plans (SIPs) are key to motivating sales forces and driving the top line. But how do you know your current plans are effective? 
The Supreme Court confirmed on 26 March that ASDA supermarket employees can use warehouse distribution centre employees as valid comparators for their equal pay claim.
What should be employers be thinking about now?

Tax compliance in the wake of the pandemic

Employers should take steps now to avoid last minute issues ahead of the 6 July 2021 deadline.
Individuals leaving the UK for the EU should consider the pension implications 

As part of the Budget’s theme of encouraging enterprise, the Treasury issued a call for evidence on EMI and other tax advantaged share plans.

The festive period presents logistical challenges for CJRS claims - act now to avoid being caught out.

Considering B Corp certification? – a reason to refresh your employee reward offering

Whether you’re already certified or just exploring B Corp status, how you reward and engage employees is important. 

Checking your Coronavirus Job Retention Scheme claims

Three key things you need to know about the Coronavirus Job Retention Scheme.

Enterprise Management Incentives (EMI): should you act before transition ends?

Deal or no-deal, Brexit uncertainty remains. EMI options granted after the end of 2020 might not attract tax advantages.

Why Employee Ownership Day 2020 is more purposeful than ever

We look at why the employee ownership business model is appealing as employers seek to navigate a ‘new normal’

Remuneration committees - Navigating through the impact of COVID-19

What does COVID-19 mean for Boards and Remuneration committees thinking about the 2020 performance year?

KPMG’s Guide to Directors’ Remuneration 2019

How FTSE 350 companies are setting salary, pension, bonus and long-term incentives of executive directors, and non-executive director fees.

Executive remuneration – the Investment Association (IA) updates its Principles

Our summary of the key highlights and changes to the IA’s Principles of Remuneration and their focus areas for 2020.

Reporting 'net settled' employee share awards

HMRC has clarified how net settled employee share awards should be reported. What does this mean for employers?

Off-payroll working reforms from April 2020 – HMRC publishes new and updated guidance

HMRC has published new and updated guidance to support implementation of the reformed off-payroll working rules from April 2020.

Scottish housing associations: a new off-payroll working regime from November

Registered social landlords in Scotland must apply the public sector off-payroll working rules from 11 November 2019.

Cycle to work is changing – what does this mean for you?

The Department for Transport (DfT) has updated its guidance on cycle to work schemes – this is what you need to know.

Fixing share plan payroll problems

Completing your annual share plan returns might have highlighted payroll errors – how should these be corrected?

Executive rewards: Paying for success – an update

The Government’s response to the BEIS committee’s report on executive reward has been published.

Employee Ownership Day 2019 - What is it all about? 

As businesses consider succession planning choices we look at the merits and challenges of employee ownership.

Employee share plan reporting 2018/19: Are you ready for the deadline?

The 2019/19 Employment Related Securities (ERS) annual returns should be filed on or before 6 July 2019.

Our guide to executive remuneration in AIM listed companies

We provide a wide ranging guide on executive remuneration practices in AIM listed companies.

Employee share plan reporting 2018/19: what should you do to prepare?

There are steps employers can take now to plan ahead of the reporting deadline and avoid last minute issues.

KPMG's Guide to Directors' Remuneration 2018

A broad overview of executive directors’ remuneration in FTSE 350 companies.

Brexit Issues for Share Plans

What happens to awards of share plans by UK companies in the lead up to and following Brexit.  

New Executive Pay Guidelines for listed companies

The Investment Association (IA) has updated its executive pay guidelines ahead of the 2019 AGM season.

Budget 2018: Entrepreneurs’ Relief (ER) changes and management equity

The Budget announced changes to ER – this is what management teams and investors need to know.

Growth Securities Ownership Plans (GSOPs) – lead cases designated for litigation

The First Tier Tribunal (FTT) has specified two appeals against HMRC assessments as lead cases for GSOP litigation

Executive remuneration and the new Corporate Governance Code

The new Code should be considered in relation to current changes to remuneration policy.

HMRC publishes update on employee share plans

HMRC has published further guidance on EMI working time declarations, and on deferring monthly SAYE savings

Enterprise Management Incentives (EMI) – HMRC evaluates the commercial impact

HMRC has published research that evaluates how tax advantaged EMI options are delivering for businesses.

Enterprise Management Incentives (EMI) – HMRC confirms tax treatment

HMRC has confirmed the tax treatment of EMI options granted between 6 April and 15 May 2018.

Tribunal confirms ‘base cost’ of shares acquired under employee options

The ‘market value’ rule does not apply to shares acquired on the exercise of employee share options which may be settled in cash.

Enterprise Management Incentives (EMI)

The European Commission announced on 15 May 2018 that is has renewed state aid approval of the EMI regime.

Employment-Related Securities (ERS) annual reporting 2017/18

ERS annual returns for 2017/18 should be filed online on or before 6 July 2018. HMRC ERS Online Services will accept returns only from 6 April, but employers should review the information required now in order to plan ahead of the reporting deadline.

Enterprise Management Incentives (EMI) – do you need to take action?

Some employers will need to take steps now to protect the tax advantaged status of their employees’ EMI options


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