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BT boosts employees’ pension knowledge with financial education programme

Employee Benefits

For the last 11 years, BT has rolled out a programme of financial education for its employees to help them plan for retirement. The latest series of retirement planning seminars saw a take-up rate of 73% of registered employees attending the session. before financial education, to 4.1 following it,” says Shiels.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Losing the jargon will make the language of pensions easier to understand and more relevant to staff. They could invest in financial coaching for a more personal approach to pensions education.

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Annuity Myths and Facts

Money Talk

Below are some key things to know about annuities from a recent seminar that I attended: Complexity- Annuities are often sold as a “simple” investment but, in reality, they can be quite complicated. Three Types- Fixed annuities are like CDs, only tax-deferred, and guarantee a certain interest rate for a specified time period.

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Top 10 pension mistakes individuals could make as they approach retirement

Employee Benefits

Most of us spend the majority of our working life saving into our pension. However, all this hard work saving can quickly unravel for those who aren’t aware of common pension mistakes. WEALTH at work outlines below the top 10 pension mistakes individuals could make, to highlight what employees facing retirement may need support with.

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Thatcham Research introduces financial wellbeing scheme

Employee Benefits

Employees can also participate in bespoke financial wellbeing workshops, featuring guides, webinars and in-person seminars on topics such as pensions and protection, budgeting , saving and investing. We sought to provide guidance to suit our colleagues throughout various key life events and with day-to-day financial budgeting.

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Examples of fringe benefits by category

Business Management Daily

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category. Let IRS Publication 15-B be your tax guide to fringe benefits.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences. The contributions made towards the pf are eligible for tax deduction under section 80c of the income tax act, 1961.