In addition to your competitive salary package and the other benefits you may be entitled to, such as enhanced family leave and sickness absence payments, the College offers a range of other optional financial benefits that we would like you to be aware of.
If you are a member of staff whose appointment has at least six months to run, you are eligible to apply for an interest free season ticket loan for travel from your home (normal residential address) to your workplace by rail, underground, bus, or other approved public carrier. Read the full eligibility criteria and how to apply.
"I find the season ticket loan really helpful. It saves me money over the year and means I can also get an annual gold railcard for free, which saves me more on my train journeys even when I’m not commuting. Anthony Wilkinson, Office of the Provost."
General salary advance
We will consider a salary advance to you in the following circumstances:
a) at the beginning of employment, pending your first month’s pay;
b) to cover initial accommodation expenses if you are a new starter with us e.g. a deposit on rented accommodation;
c) on compassionate grounds e.g. to pay funeral expenses.
In other exceptional circumstances, an advance may be approved by an HR Adviser/Manager.
Salary advance for UK immigration application fees
We are able to provide an interest free loan facility to assist you if you are:
a) a current or prospective (must have been issued with an offer of employment or conditional offer) non EEA staff member and your dependants with payment of UK visa fees and/or Immigration Health Surcharge (IHS) costs or
b) a current non EEA, EEA or Swiss national staff member and your dependants with payment of UK residency application fees or Citizenship costs.
College staff can benefit from an interest free loan to help with the costs of part time study while employed by Imperial. The aim is to help you engage in study that will further your career aspirations yet falls outside of the provision available within the College Season ticket loan.
i-Cycle - Sport Imperial and the Payroll department have joined forces and together bring you an interest-free cycle loan. You are entitled to borrow up to £2,000 to purchase a bike. Find out more.
Rental deposit loan
Your future retirement might be the last thing on your mind, but giving consideration to your pension provision now will benefit you greatly when you do retire. The College offers three contributory pension schemes to its eligible staff:
- Superannuation Arrangements for the University of London – SAUL
- University Superannuation Scheme – USS
- National Health Service – NHSPS
For each of these schemes the College also contributes a percentage of your pensionable pay in order to guarantee your benefits. In addition to this benefit, joining one of the pension schemes will give you immediate life cover, an inflation-proofed pension and long-term illness cover.
The cost to you is not as much as you might think and with the option, for those joining USS or SAUL, to contribute via PensionSMART, our salary sacrifice scheme, both you and the College make savings in the amount of National Insurance contributions paid. As your salary will be reduced by the amount of your pension contribution, you will pay lower National Insurance contributions than you would otherwise and your take home pay will be slightly higher as a result.
Whether you are considering joining a scheme or are already a member, our pension webpages will provide you with scheme information, answers to your queries and direct you to further sources of information.
The Government’s Tax-Free Childcare scheme is available to all eligible College employees.
Give as You Earn (GAYE)
The College has signed up to the Charities Aid Foundation (CAF) Give As You Earn scheme which allows staff to make donations to named charities by automatic deductions from their salary. Donations are taken before tax, which means the charity gets more of your donation and it costs you less. It also means that charities don’t have to claim Gift Aid, so there’s less admin for them.
How do I register?
Imperial College London staff should register by clicking on this link and following the onscreen instructions to complete your details and provide information on the charities you wish to support.
You’ll need to provide your employee/payroll number and National Insurance number. If you don’t have a specific charity in mind you can open an account to build your own giving fund to donate at a later date.
One of the perks you (and up to ten of your family and friends) can enjoy are our 'Imperial Perks', a one-stop-shop giving you access to a wide range of savings which are preferential to anything available on the open market, from the likes of Sainsburys, M&S, Debenhams, Expedia, Argos, Aviva and the major cinema chains (Cineworld, Odeon and VUE). As an additional incentive, for every purchase you make through 'Imperial Perks', you will receive WOWPoints that can either be spent through Imperial Perks or withdrawn as cash.
" I use Imperial Perks every time I go to the cinema! The codes are so easy to use and it’s made going to the cinema a much easier (and cheaper) experience. The codes also last for over a year so would make a great gift!" Amy Morton, Human Resources.