The University policy is to award £10 per year of service to employees with 35 years service or more in recognition of long service. This policy applies to Assistant Staff only.
Tax exemption is available for gifts provided in recognition of long service provided that the value is less than £20 for each year of service. Therefore the University scheme is exempt if it takes the form of a gift. However if the award is in cash, then it must be made through payroll and will be taxable.