What does it mean? 🤔
The housing benefit is a flexible advantage within Payflip that helps you with your living expenses. It’s designed to provide you with financial support for your rent or mortgage payments, while optimizing tax benefits for both you and your employer. In practice, you receive part of your mobility budget back each month via your salary, making it easier to pay your rent or mortgage.
💡 Thanks to tax optimization, you get more out of your mobility budget than with a standard payout.
How does it work? 🔁
Step by step to your reimbursement:
Select Reimbursement of your rent/mortgage under "Mobility" in your Payflip tool
Upload your rental agreement/loan repayment schedule
Enter the amount of your monthly rent/repayment – max. is your total mobility budget divided by 12
Enter the start and end date
Add your choice to your shopping cart and confirm
Your employer approves your selection
You receive the reimbursement with your monthly payslip
💡 You remain responsible for paying your rent/loan to the landlord/bank
Financial picture 💰
The amount you enter in Payflip is paid out together with your salary every month.
Good to know: you pay no social security contributions or withholding tax on the reimbursed amount.
So you receive the full amount as net pay on your payslip. Now that’s a smart choice!
What if there’s a change? 🍃
Have you moved, bought a home, or has your rent changed? Let us know!
Provide your HR-admin with the new end date of your current selection. We’ll update it for you. As soon as the end date has been changed, we’ll notify you so you can immediately make a new selection. Your HR admin will then approve your new choice.
Example
You had a ‘rent reimbursement’ selection with a monthly amount of 800 EUR running until 31/12. You move on 01/05 and from then on you can be reimbursed 1000 EUR. The new end date of the existing choice is 30/04 and will be adjusted by Payflip. You then select ‘rent reimbursement’ again, with a start date of 01/05 and end date of 31/12. The monthly amount is now 1000 EUR.