Tax-free awards for long service – can these be increased?

The tax-free amount has remained at £50 per annum for each year of service with a minimum of 20 years service for a long time.  The gift must not be cash or vouchers that can be converted into cash and where more than one gift is made to the same employee, there must be at least 10 years between gifts.

If you want to pay more or there are insufficient years, you could always consider an employer’s contribution to a pension scheme.  It might not seem very exotic but it is tax and national insurance efficient.