Types of Corporate Membership
At Soho Gyms we enjoy the benefits of virtually sickness free employees as well as a motivated team – they all use the gym and classes regularly. With their help, so can you. We offer different packages for companies with 10 or more people attracting discounts at a group rate. For details on prices, please complete our corporate membership enquiry form – or read on to find out more.
General corporate membership
We can discuss directly with you and agree a rate for your employees/colleagues.
This tailored rate would be subject to your needs including the amount of employees taking up the offer. Each of our corporate friends differ in their aims, size, benefits, etc. We’re flexible, give us a call to discuss and we’re happy to work around you.
It is important that the company seeks independent advice and/or sets up any scheme such as salary sacrifice correctly with HMRC to avoid any difficulties in the future.
Company funded memberships
Your company funds your employees membership either in full or in part as an employee benefit.
This can simply be an arrangement whereby we directly invoice your company for your employees full membership payment, alternatively your employees can pay any “unfunded” element of gym membership through deductions within your companies monthly payroll. Remember any funded elements are subject to HMRC benefit in kind (BIK) personal taxation. This can be useful for those employees who cannot afford to pay for a full year membership up front, which your company could pay and employees repay through payroll over 12 months.
We set up a membership contract with your company at an agreed rate, fixed for the year and memberships are due at the start of the contract period. Start dates of new joiners can vary through the year and adjustments made, invoices will specifically refer to the membership type, amount and period.
Salary sacrifice scheme
Salary sacrifice is becoming more popular especially with childcare arrangements but the same scheme can be applied to gym membership.
With no contribution from the company, the company saves on NI contributions and you can even indirectly pass on their equivalent savings to the employee too through payroll.
Employee benefit schemes
We work with a variety of companies by providing membership through their nominated employee benefit schemes such as Incorpore and Gymflex.
Don’t worry if you use a different employee benefits provider, just let us know and we’ll look into it straight away.