Is this the best kept tax break secret? – UK government offers £500 per employee per year in tax rebates for essential employee health checks

But what can this incentive mean for your business?

The monetary value of the tax rebate itself is just a drop in the ocean in comparison with the long term benefits for the canny businesses that take the government up on this little known offer. We know many business owners lament the cost of employee sickness and the resulting loss in productivity and its knock on effects.

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Understanding the tax incentive

The UK government’s tax incentive of £500 per employee per year for
private health screening is part of a broader effort to improve the health of the nation. This incentive is a financial reward given to
businesses for investing in their employees’ health and well-being. Private health screening involves a range of medical tests and assessments to identify and address potential health issues beforethey become serious problems.This incentive is available to businesses of all sizes and acrossvarious industries, making it inclusive and accessible to many
employers. The financial benefit is a powerful incentive for businesses to prioritise employee health, as it not only promotes well-being but can also lead to cost savings in the long run through reduced sick leave and increased productivity.

Advantages of Access to a Private GP

Personalised Care: Our private GPs can offer personalized healthcare
plans, tailoring their services to individual employees’ needs. This
level of attention ensures that employees receive comprehensive and
specific health advice and treatment.

Reduced Waiting Times: One of the main advantages of private GPs is
the reduced waiting time for appointments and test results. Employees
can get the medical attention they need promptly, reducing anxiety and
stress associated with long waiting times.

Comprehensive Health Assessments: Private GPs often provide
comprehensive health assessments, including blood tests,
cardiovascular screenings, and lifestyle evaluations. These
assessments can help identify potential health risks and allow for
early interventions.

Health Education: Private GPs can educate employees about healthy
lifestyle choices, diet, and exercise, promoting a culture of health
within the organisation. Educated employees are more likely to make
better choices regarding their well-being.

Convenience and Flexibility: Our private GPs often offer flexible
appointment scheduling, including onsite appointments. This
convenience ensures that employees can access healthcare without
disrupting their work schedules.

Mental Health Support: Private GPs can also provide valuable mental
health support, including therapy and counselling services. This is
particularly important in today’s fast-paced and often stressful work
environments.

Maximising the Tax Incentive

To make the most of the UK government’s tax incentive, businesses should consider implementing a comprehensive employee health program that includes access to a private GP. Here are some steps to maximise the benefits:

Partner Prestige Private Health: Collaborate with private healthcare
providers to ensure that your employees have access to top-notch
medical services.

Employee Education: Inform your employees about the benefits of
private health screening and access to private GPs. Encourage them to
take advantage of these services.

Regular Health Assessments: Encourage employees to undergo regular
health assessments. Provide them with the necessary resources to make
informed health choices.

Measure Outcomes: Track the impact of your employee health program.
Monitor metrics such as reduced sick days, increased productivity, and
employee satisfaction.

Take advantage of the tax break to invest in your workforce

The UK government’s tax incentive of £500 per employee per year for private health screening is a valuable opportunity for businesses to
invest in the health and well-being of their workforce. Access to a private GP can enhance the quality of healthcare provided to employees, offering a range of benefits that can ultimately lead to a healthier, happier, and more productive team. By taking advantage of this incentive and providing access to private GPs, businesses can ensure that their employees receive the best possible care, resulting in a win-win situation for both employers and employees. Learn more about the government tax incentive here.

Let’s talk about improving your employees’ healthcare provision in your workplace!

Want to learn more about Prestige Private Health and our range of onsite GP services for your workplace? Contact us on 0330 133 5944 or email info@prestigeprivatehealth.co.uk.