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How to improve and handle your finances in 2022

cipHR

Here, to help you with your finances this year, we’re sharing the key things you need to be aware of, and the three actions you should be taking. The 2022 NI increase . This, for example, means an individual earning £30,000, with a net take home pay of £23,112, will see this take-home figure decrease by £255. .

Finance 98
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Top 5 reasons to check your payslip

cipHR

Tax codes can, and do, change, particularly if there’s been a change of personal circumstances, such as people getting married, claiming taxable state benefits, or working from home. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98
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Why SECURE 2.0 Act Auto-Enrollment and Escalation Will Boost Employee Financial Well-Being

Griffin Benefits

This rule will apply to employers who have started retirement plans after December 29, 2022, and take effect for plan years starting in 2025. They were first resistant to escalation, fearing that they would go too far and substantially reduce employees’ take-home pay. The SECURE Act 2.0 SECURE ACT 2.0

401(k) 52
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What are the pros and cons of digital self-service pay systems?

Employee Benefits

Software can allow employees to model the impact on their take-home pay of opting into certain benefits, for example, or changing their pension contribution. She believes that there are many benefits to organisations in giving staff more control of their pay. “If

Payroll 105
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Cost of living crisis: 7 ways employers can support employees

cipHR

The 2022 cost of living crisis in the UK has seen a record number of households face the biggest decline in income since the 1970s. Pay: real living wage, and salary increases. Pensions contributions. Pay: real living wage, and salary increases. Pensions contributions. Financial wellbeing assistance.

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