My Business
Extra employee benefits

The current labour market forces businesses to care for their human capital by offering their employees additional benefits on top of their pay. But if you give your employees a cash bonus, they will often only take home a fraction of it once social security contributions and tax have been deducted. ING can help you set up employee benefits plans.

What are ING Employee Benefits?

ING Employee Benefits are financial devices compliant with Belgian taxation laws, which help to optimise your variable employee benefits. They offer an ideal way to boost the loyalty and the motivation of your employees.

ING rewards your employees

ING develops innovative retention and motivation plans for your employees, taking account of the parameters and criteria required by your company. The possibilities are endless, ranging from individual packages for high achievers to tailored incentives for your key people.

Besides the ING Fund Option Plan and the ING Warrant Plan, ING also has a number of creative optimisation devices for company directors and self-employed people.

ING Fund Option Plan

The ING Fund Option Plan helps you strengthen the bond between your best employees and your company by offering them attractive employee benefits.

What is the ING Fund Option Plan?

The ING Fund Option Plan is an approved, tax-compliant variation on the classic share option plan. It represents an effective way to strengthen the bond with your key people by offering them extra employee benefits.

How do variable employee benefits work?

Your business issues options in an ING SICAV/BEVEK investment fund, and offers these free and at its own discretion to certain employees. ING covers the risk associated with the issue and allocation of these options on behalf of your business. The premium that your business pays for this is tax deductible.

If the options are accepted, they will constitute a taxable benefit in kind after 60 days. This will lead to a fixed amount of tax being withheld from the relevant employees' pay. The value of the options for tax purposes is exempt from social security premiums for employees (National Social Security Office).

After a vesting period of at least 1 year and subject to the conditions set out in the tax ruling, your employees who are still with the company may then exercise the options or transfer them to some other party (e.g. to ING or another bank) with the exception of your company. Any gain realised by your employees when they exercise or transfer the options is essentially tax-free.

(Important: setting up an ING Fund Option Plan may never replace any rights that your employees definitively acquired beforehand.)

The Fund Option Plan is suitable if the total variable employee benefits in your business equal 100,000 euros or more.

More information? Contact your ING liaison officer.

ING Warrant Plan

The ING Warrant Plan helps boost the motivation of your best employees.

What is the ING Warrant Plan?

The ING Warrant Plan offers an ideal way to motivate your most valued employees. The ING Warrant Plan has been approved by the Belgian social security authorities.

How do variable employee benefits work?

Your business buys listed warrants in an ING SICAV/BEVEK investment fund. The purchase price is tax deductible for your business. As of the next day, your business is free to offer the warrants at its discretion to certain employees. Subject to formal acceptance, they can already sell them a day later at the prevailing market price.

The allocation of these warrants is not subject to NSSO social security contributions. The tax on the benefit attached to the allocation of the warrants is settled 60 days after the offer through the withholding tax. This settlement constitutes full and final discharge, which means there will be no further tax to pay if your employee realises a gain on the sale of the warrants.

(Important: setting up an ING Warrant Plan may never be done to replace any rights that your employees definitively acquired beforehand.)

The ING Warrant Plan is suitable if the total variable employee benefits in your business equal 100,000 euros or more.

More information? Contact your ING liaison officer.

Contact

Are you interested in optimising your variable employee benefits?