EXAMPLE PAGE - ANNUAL REPORT - LIONTRUST - Flipbook - Sida 46
Remuneration
Our benefits package provides a generous array of financial, health
and wellbeing, lifestyle and family-friendly options for employees:
• We encourage a good work-life balance with generous annual
leave and offer benefits including cycle to work and season
ticket loans
• Private medical insurance and health checks, an employee
assistance programme with access to confidential counselling
support, and a further range of health and well-being options
• 10% employer pension contributions to a defined contribution
pension scheme
• Life assurance policy and income protection scheme from the first
day of employment, providing financial security and protection
for when it really matters.
All-employee Tax Efficient Share Schemes
SIP (Share Incentive Plan) – the share plan scheme offers the chance
for employees to buy Liontrust shares tax free. To further enhance
this, for every share an employee purchases, Liontrust purchases
two shares on their behalf. This benefit is offered with the maximum
limits as set by HMRC, allowing employees to ‘buy into’ the
success of the company in a tax efficient way and is available
to all employees who have at least three months service. 72% of
employees opted to participate in this as of 31 March 2021.
Give as You Earn
Liontrust partners with Charities Trust to allow all employees a taxefficient way to donate salary to a chosen registered charity.
Charity Matching Scheme
In 2020, Liontrust introduced a charity matching scheme to encourage
all employees and members to personally participate in the voluntary
sector. Fundraising or donations made to registered charities have
been matched up to the value of £500 per tax year.
Maternity and Family Friendly
• Liontrust recognises the importance of achieving a healthy worklife balance. We support, encourage and work closely with our
staff by offering and considering all flexible working requests
equally, including to give parents flexibility on how best to care
for their children.
46 - Liontrust Sustainability Report 2021
• We offer both Statutory Maternity Pay (SMP) and Enhanced
Maternity Pay, details of which are outlined in the table below.
Entitlement to Maternity Leave and Pay
All mothers and primary adopters are entitled to 52 weeks of maternity or
adoption leave, regardless of their length of service.
Length of Service
Maternity Leave and Pay
Statutory Maternity Pay
- 6 weeks at 90% of average weekly earnings
Employees with at least 26
- 33 weeks paid at the SMP rate or 90% of
weeks service at the 15th
average weekly earnings, whichever is the lower
week prior to the expected
week of childbirth.
- Followed by 13 weeks’ unpaid maternity leave
Enhanced Maternity Pay
- 6 weeks’ enhanced maternity pay at full rate of
(Option A)
pay
Enhanced Maternity Pay
7 weeks topped up to half weekly basic salary
(Option A) Employees
equivalent
with more than 26 weeks
service up to the qualifying - 26 weeks at the SMP rate or 90% of average
week, but less than 18
weekly earnings
months
- Followed by 13 weeks’ unpaid maternity leave
Enhanced Maternity Pay
- 13 weeks’ enhanced maternity pay at full rate of
(Option B)
pay
Employees with continuous
service equal to or greater - 13 weeks of half basic salary equivalent
than 18 months
- 13 weeks at the SMP rate or 90% of average
weekly earnings
Followed by 13 weeks’ unpaid maternity leave
Keeping in Touch During Maternity Leave
We offer ‘Keeping In Touch’ days during a colleague’s maternity
leave to help prepare the return to work and ease the transition
process. The number of days worked are agreed by management,
and the amount of pay received for each KIT day depends on the
proportion of the day worked. For example, if a colleague works up
to half of their normal daily hours, they will receive half a day’s pay.
If they work longer than this, they will receive a full day’s pay.
We also provide suitable rest facilities for those who are pregnant or
breastfeeding to ensure our employees feel supported and comfortable.