My Bangor Benefits year in review

Take a look at some example case studies to see how different individuals benefit from their total reward experience here at the University.

(Figures are estimates and subject to variation for individuals depending on pay rates and more)

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Ash

Total annual saving of:聽 拢4457.88

Name: Ash

Annual Salary:聽拢51799

Employer Annual Pension Contribution to USS of 21.6% : 拢11188.58

Annual Leave above statutory 28 days (value of 14 days extra leave):听拢2782.

  • receives salary sacrifice on their own pension contribution, on their N.I, saving 拢443.88 per annum.
  • contributes 拢10,800 from their annual salary towards Tir Na Nog Nursery fees, via salary sacrifice they actually pay less and save 拢3456 per annum.
  • makes use of the My Advantages Staff Discount scheme and saved:-
  • 3% on their monthly Asda Shop of 拢200 a month saving 拢72 over 12 months.
  • purchases a costa coffee card every month worth 拢140, saving 7.5%, giving a total saving of 拢126 over 12 months.
  • makes use of the University鈥檚 free Employee Assistance Programme, accessing 6 free counselling sessions, saving 拢360
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Awel

Total annual savings: 拢628.68

Name: Awel

Annual Salary:聽拢20,092

Employer Annual Pension Contribution to BUPAS of 23.5%:聽拢4721.62

Annual Leave聽above statutory 28 days (gross value of 14 days extra leave) 拢1078.94

receives 10聽additional paid days off聽for public duties , gross value 拢770.67

  • receives salary sacrifice on their own pension contribution on their N.I, saving 拢223.08
  • Purchases her bus ticket through the Arriva travel to work scheme and saves 拢280 per annum on usual ticket costs.
  • makes use of the My Advantages Staff Discount scheme and saved:-
    • 3% on their monthly Asda Shop of 拢120 saving 拢43.20 over 12 months.
    • purchased 拢300 worth of new clothes from ASOS , saving 拢16.50
    • purchased tickets to watch their favourite artist in concert for 拢100, via Ticket Master, saving 拢4.50
    • purchased tickets to the cinema for 2 adult, 2 children once a month, saving 拢59.40 over the year
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Llew

Total annual savings: 拢992.24

Name: Llew

Annual Salary:聽拢29,614

Employer Annual Pension Contribution to BUPAS of 23.5% :聽聽拢6959.29

Annual Leave:聽above statutory 28 days (value of 14 days extra leave): 拢1590

Sick Pay:聽needed 8 weeks off work due to Illness. Additional sick pay above statutory sick pay received during this absence equated to 拢3773.76

  • receives salary sacrifice on his own pension contribution on his N.I; saving 拢341.16 per annum
  • obtained a bike worth 拢1000, through the cycle to work salary sacrifice Scheme ,聽 saving聽拢320.08 on Tax and N.I payments.
  • makes use of the My Advantages Staff Discount scheme and saved:
    • 3% on their monthly Asda Shop of 拢300 saving 拢108 over 12 months.
    • purchased a TV in Currys worth 拢1,200聽saving 拢72 and a Dishwasher worth 拢319, Saving 拢19
  • is a member of the Brailsford Gym, Paying staff membership rates, saving 拢132 over the year.
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Ah Lam

Total Annual Savings 拢1343.52

Name: Ah Lam

Annual Salary: 拢40927

Employer Annual Pension Contribution: 拢8635.59

Annual Leave above statutory 28 days (value of 14 days extra leave, gross): 拢2197

Ah Lam took a period of 6 months maternity leave.聽 Additional gross pay above statutory maternity pay received during this absence equated to 拢8735.64

  • receives salary sacrifice on their own pension contribution ,聽 on their N.I,聽 saving 拢471.48
  • purchased 10 additional days leave, costing 拢1569.62, through the Buying annual leave salary sacrifice Scheme ,聽 but saved 拢432.54 on this price, through reduced tax and NI deductions.聽
  • makes use of the My Advantages Staff Discount scheme and saved:
    • 3% on their monthly Tesco Shop of 拢500 saving 拢180 over 12 months.
    • purchased a Sofa in Argos worth 拢500 saving 拢20 , a holiday cottage rental worth 拢500, Saving 拢50, furniture from Wayfair worth 拢500 saving 拢27.50
    • purchased AXA Health Care Plan for 12 months, saving 拢162 on annual cost.聽

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