Originally, the time value account model was introduced to compensate for overtime or to cushion employment peaks.
Companies with a range of time value accounts are thus very innovative and flexible: time value account balances can be used for temporary part-time work, sabbaticals, caring for family members, early retirement or partial retirement.
The principle: the credit balance is built up by overtime or the waiver of leave and / or salary or bonus conversion.
The advantage: the employer saves social security contributions – and the employee does not have to pay tax and contribute contributions. Also good: time value credits can be transferred at change of employer and be completely inherited in case of death.
Originally, the time value account model was introduced to compensate for overtime or to cushion employment peaks.
Companies with a range of time value accounts are thus very innovative and flexible: time value account balances can be used for temporary part-time work, sabbaticals, caring for family members, early retirement or partial retirement.
The principle: the credit balance is built up by overtime or the waiver of leave and / or salary or bonus conversion.
The advantage: the employer saves social security contributions – and the employee does not have to pay tax and contribute contributions. Also good: time value credits can be transferred at change of employer and be completely inherited in case of death.
THE HABEKO COOPERATES IN THIS FIELD WITH EXPERIENCED AND PROFESSIONALLY SATISFIED PARTNERS. WE’LL LIKE TO GIVE YOU AN INITIAL TALK.