article thumbnail

Beth Brown and Danyal Enver: What did the Spring Budget mean for pensions?

Employee Benefits

The Chancellor announced powers that would be given to both the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) in legislation slated for as early as 2027, enabling them to enforce the value for money regime. The Spring Budget built on the Mansion House speech in many ways.

Pension 59
article thumbnail

Government launches new disability guide with CIPD

Employee Benefits

DWP said it had already met its target of getting one million more disabled people into employment by 2027. Other guidance looks at where to advertise jobs and how to implement reasonable adjustments in the workplace.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top tips for managing the cost of company car schemes

Employee Benefits

As well as tax savings, EVs can be cheaper to run and maintain, with used cars also a cost-effective option. Educate on tax savings Employers can educate staff about how the tax savings that come with a salary sacrifice electric vehicle (EV) work. This will then change to 3% in 2025/26, 4% in 2026/27, and 5% in 2027/28.”

article thumbnail

LSAs: A Creative Way to Close Employee Skills Gaps

TalentCulture - Employee Benefits

As a result, 60% of individuals will require training before 2027 to continue performing well in the rapidly changing world of work. An LSA is an employer-funded account that enables employees to apply post- or pre-tax dollars toward the benefits they love most — including learning and development. That’s what organizations need.

Education 105
article thumbnail

Spring Budget 2023

Employee Benefits

The maximum Pension Commencement Cash Lump Sum (tax free cash) for those without LTA protections, will be retained at its current level of £268,275 and will be frozen thereafter. Therefore, it’s not necessarily a straightforward decision and it will depend on individual circumstances.”

Pension 52
article thumbnail

NJ Rates to Rise in 2024

Workers' Compensation

AGRICULTURAL WORKERS Agricultural workers are guided by a separate minimum wage timetable and were given until 2027 to reach the $15/hour minimum wage. The minimum hourly wage for these employees will increase to $13.73/hour hour on January 1, up from $12.93/hour. hour, up from $12.01/hour. average weekly wage for 2022, which rose 2.9

article thumbnail

Inflation

Florida Workers' Comp

The law will be annually adjusted starting in 2027 to account for the impacts of inflation. We might respond to the lure of having someone do our income taxes for us in April. We lose free time at the beach or napping or watching television, but we save the monetary cost of the tax preparer. Florida's is currently $11.00