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Ex U.K. (currently US) ACN person here. Itā€™s recurring and paid in equal instalments through the year alongside your base pay. Itā€™s ā€œnon-consolidatedā€ meaning that it isnā€™t used in the calculations for base pay used for bonus and pension contributions.

Itā€™s paid to Manager and Senior SMgRs and from member is approx Ā£5k per year for managers and marginally higher for SMs.

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I'm new so won't see until next November how it works, but in the reward explanations it was certainly described as 2 bonus categories.1 valid from cl9, one from cl7

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Car allowance is usually a yearly recurring benefit rather than one time in most firms. I have not heard of this being a 1 time benefit anywhere

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Thanks kpmg1

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Hopefully someone better knowledge than I am can chime in (US resource with acquaintances in UK). That said, Iā€™m pretty sure Iā€™ve heard it was recurring and not a one-time benefit from them.

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Thanks for sharing SM1

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