Benefits built around you.
Bank of America is committed to providing associates with a competitive total compensation and benefits package.
In recent years the make-up of the benefits on offer has changed significantly and their value should not be underestimated. The focus today is increasingly on providing associates with a meaningful range of benefits that can help individuals and their dependants (where relevant) to achieve a better balance between work and home life. Whether it is maternity or paternity provisions, health screening or private healthcare coverage, or long term provisions such as your pension or income protection insurance, the bank continues to seek to develop a benefits package that promotes the health and well-being of our associates.
Your total benefits package comprises a combination of core benefits and voluntary benefits.
Associate Benefit Choices (ABC) is our flexible benefits package that gives you the freedom to choose the benefits that work for you and any dependants, whilst also allowing you to adapt your selections as your personal circumstances change.
With ABC, there is a range of 25 benefits covering Financial, Healthcare, Lifestyle and Leisure aspects of your life. Some of these benefits offer attractive income tax and National Insurance contribution savings. ABC also offers associates the opportunity to receive bank matching contributions for pension, Give As You Earn, carbon offsetting, learning, health treatment and leisure activities.
Benefits within the ABC package include:
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Financial |
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• Critical Illness Insurance,
associate and partner
• Group Income Protection
• Life Assurance, associate
and partner
• Pension Plan
• Personal Accident
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Healthcare |
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• Dental Cover
• Health Account
• Health Screening,
associate and partner
• Optical Cover
• Private Healthcare
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Lifestyle |
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• AA Membership
• Carbon Offsetting
• Car Parking
• Childcare Vouchers
• Give As You Earn
• Key Holding Service
• Mobile Telephone
• Travel Insurance
• Vacation
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Leisure |
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• Cycle to Work
• Gym
Membership (On-site)
• Learning Account
• Leisure Account
• Retail Vouchers
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