Exercise saldo

Offer exercise and culture benefit digitally

With Smartum's digital exercise and culture saldo, hobbies can be paid with hassle-free SmartumPay mobile app or with online payment, depending on the venue. SmartumPay is up for a free download in app stores.

The exercise and culture saldo stored in an employee’s Smartum account is valid for 15 months from the time the balance is stored.
Any exercise and culture saldo left over after the expiry date are returned to the employer’s Smartum account for redistribution to employees.

Ordering and costs

Ordering, keeping track and managing Smartum's digital exercise and culture saldo is easy in Smartum web service.

The service pricing is based on a fee of 5.5% of the total value of the ordered benefit. Value-added tax (25.5%) will be added to the ancillary costs. The benefits themselves are free of value-added tax.

Taxation of exercise & culture benefit

Tax-free sporty and culture hobbies

Support your employees in their exercising and cultural activities and deduct the resulting expenses in full in your company’s income taxation. The benefit is tax-free to the employee, if it can be deemed normal and reasonable. Employees’ voluntary exercise and cultural hobbies may be supported to the amount of €400 per year.

The employee can also be expected to pay their own contribution for the exercise and culture benefits – this has been approved by the tax authority.

Read more about the taxation of exercise and culture benefit from our tax guide