Versatile Pension Scheme Launched for Bolt Personal Rent Drivers – Cyber Tech

Bolt, one of many distinguished gamers within the ride-hailing business, is making a major transfer to assist its workforce. Ranging from Might 1, 2024, Bolt will roll out a pension scheme tailor-made particularly for its 65,000 registered personal rent car drivers throughout the UK.

Partnering with Aviva, this initiative permits drivers to contribute 5% of their charges from every accomplished journey into their pension pot, with a further 3% contribution from Bolt.

Plan Insurance coverage can present bespoke taxi insurance coverage quotes for all UK drivers. Simply fill in our brief on-line questionnaire, and our skilled brokers will keep up a correspondence to rearrange your insurance coverage.

This revolutionary scheme strikes a stability between drivers’ want for flexibility and the necessity for long-term monetary safety. Structured as a non-public group private pension plan, drivers will immediately contract with Aviva, enabling them to take pleasure in the advantages of a pension whereas sustaining their standing as unbiased contractors. What’s extra, Bolt covers all becoming a member of prices for drivers and affords the choice to spend money on a Sharia fund.

Crucially, the scheme removes the earnings standards sometimes related to employees’ pensions, guaranteeing that drivers qualify for the 8% pension contribution no matter their weekly earnings. This transfer underscores Bolt’s dedication to supporting its workforce and offering them with important monetary planning instruments for the longer term.

Bolt’s introduction of a versatile pension scheme is a testomony to the evolving panorama of the gig financial system. As corporations vie for employees on this aggressive sector, initiatives like these not solely improve worker advantages but in addition drive enhancements in pay and situations, heralding what ought to result in a constructive shift within the notion of the business.

Discover out why 96% of our clients have rated us 4 stars or larger by studying our opinions on Feefo.

To get a quote give our specialist groups a name on 0800 542 2743 or request a Name Again.

Already a shopper? Why not suggest us to your contacts in alternate for a £50 low cost off your renewal with our Refer a Pal scheme.