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ACN graduate join bonus

 
#1 ACN graduate join bonus
18/03/2008 15:28

hunky dory

Can anyone tell me whether the 6k you get on joining ACN as a grad is taxed?

I heard that a relocation bonus is tax free up to 8k, but does the ACN one count as such??

Any info would be greatly appreciated

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#2 RE: ACN graduate join bonus
18/03/2008 16:41

anon to hunky dory (#1)

Yes it is taxed. Also it is now 5k in the first year and 5k in the second year.

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#3 RE: ACN graduate join bonus
18/03/2008 18:29

hunky dory to anon (#2)

thanks.what rate is that do you know?

according to my offer it is 6k and 4k

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#4 RE: ACN graduate join bonus
18/03/2008 18:37

anon to hunky dory (#3)

Probably 25%

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#5 RE: ACN graduate join bonus
18/03/2008 22:24

anon to anon (#4)

May I ask which location is offerring 10k join bonus? It is only 3000 USD in my office in the mid-west...

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#6 RE: ACN graduate join bonus
18/03/2008 23:05

ACN to anon (#5)

Every ACN grad in a UK office gets £10k sign on (6k on signing contract, £4k on completing the year). Base salary is £31k

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#7 RE: ACN graduate join bonus
18/03/2008 23:19

anon to ACN (#6)

flippin heck, that's quite a lot. what are the hours like?

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#8 RE: ACN graduate join bonus
19/03/2008 10:14

anon to anon (#7)

60 minutes each

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#9 RE: ACN graduate join bonus
19/03/2008 10:59

anon to anon (#8)

Contrary to popular belief it is now 5k and 5k no matter what your offer says

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#10 RE: ACN graduate join bonus
19/03/2008 11:55

anon to anon (#9)

Hours vary. I work 9-6 travelling 10 mins from my flat. Some of my friends work till midnight every week and live out of suitcases.

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#11 RE: ACN graduate join bonus
19/03/2008 14:33

anon to anon (#10)

Deloitte offer upto 7k and I believe the first 5 of that is tax free.

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#12 RE: ACN graduate join bonus
19/03/2008 18:33

s to anon (#11)

No they do not pay that much of a bonus for fresh grads.

The first £5k of any salary is tax free. It's a small government initiative called progressive taxation...

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#13 RE: ACN graduate join bonus
19/03/2008 18:48

Anon to s (#12)

Deloitte offer a £1500 sign on OR a interest free loan up to the value of £7k mate.

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#14 RE: ACN graduate join bonus
19/03/2008 19:27

hunky dory to Anon (#13)

def 6 and 4.my offer letter says so, my bonus agreement says so, my contract says so and iv been told on numerous occasions by acn hr and the manager that interviewed me

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