2024 Insurance Pension Pension Benefit 
Employee Benefits
MARCH 4, 2024
Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.
Money Talk
JANUARY 4, 2024
Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Best wishes for a healthy, wealthy, and happy 2024. stock or mutual fund shares) are taxable. It may or may not be taxable when reclaimed.
Employee Benefits
MARCH 11, 2024
The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. As part of the negotiations with the union, the bank agreed a pay award for 2024/25 of 4%. It is a bigger increase than the 3.5%
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