Employee Benefits
SEPTEMBER 14, 2023
The examples are based on a basic rate tax payer earning either £20,000, £30,000 or £40,000 per year. They are paying 5% of their salary into a pension via a salary sacrifice arrangement, and their employer is paying 3%. 2025 UK adults aged 22+ in full time employment were surveyed.
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
cipHR
NOVEMBER 15, 2021
It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. 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.
Expert insights. Personalized for you.
64 
Let's personalize your content