At Payflip, we make the process around your multimedia device as transparent as possible. Here's everything you need to know about ownership arrangements and usage period!
🤔 Do you become the owner immediately?
No, you don't become the owner of the device right away. Here's how it works:
The device is first "made available" to you for 24 or 36 months
Your employer remains the owner during this period
This structure ensures the most tax-advantageous situation for you
⏳ The Usage Period
You can easily check the exact usage period in Payflip:
Go to the "Benefits" page
Click on your desired benefit (smartphone, tablet, PC, or accessories)
Click on "Your usage period"
💰 What happens after the usage period?
When the usage period ends:
You take over the device from your employer
You become the new owner
A Benefit in Kind (BIK) will be charged on your payslip
Calculating the residual value
The residual value = 20% of the original purchase price
You only pay:
Employee social security contributions (13.07%)
Withholding tax (20-40%)
You don't have to pay the residual value again in net!
🔢 Practical calculation example
Let's say: Your device has a purchase price of 1,000 EUR
Residual value = 20% = 200 EUR
Employee social security = 26.14 EUR
Withholding tax ≈ 61 EUR
Net cost for you = approximately 87.14 EUR
⚠️ Good to know: This net cost is already included in the net benefit you see in Payflip!
Do you have any questions? Don't hesitate to reach out via the chat function in the tool! 💬