Employee Benefits
SEPTEMBER 14, 2023
However, many don’t realise the significant difference a small increase to their pension savings can make. For example, someone in their 20s, saving an extra 1% a year with their employer matching this, may be able to increase their pension pot in retirement by 25%. They are all 25 years old and plan to retire at age 68.
Griffin Benefits
JUNE 29, 2023
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
cipHR
NOVEMBER 15, 2021
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.
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