Employee Benefits

FEBRUARY 15, 2024

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. The post Exclusive: Welsh government rolls out new employee benefits framework appeared first on Employee Benefits.

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Government Employee Benefits Life Insurance Pension 59

Employee Benefits

MARCH 6, 2024

According to Spring Budget documents, the Office for Budget Responsibility (OBR) has forecast that the latest reduction means the total hours worked will increase by the equivalent of almost 100,000 full-time workers by 2028-29.

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HR Professionals Magazine

JULY 26, 2022

What is the relationship between inflation and employee benefits? Why would inflation be important when employers are considering impacts to employees? Projected National Health Expenditure, 2019-2028. trillion by 2028. by 2028. . by 2028. . for 2019-28 and to reach $6.2 in 2018 to 19.7%

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Employee Benefits

FEBRUARY 21, 2024

Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028. This means no annual increase to factor in the effect of inflation.

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Employee Benefits

NOVEMBER 17, 2022

Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028. The post Government maintains national insurance contributions freeze appeared first on Employee Benefits.

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Government Insurance Taxes Recruitment 105

Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.

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Employee Benefits

FEBRUARY 14, 2024

The UK government plans to increase the retirement age from 66 to 67 by 2028 and 68 by 2044, with experts believing it may eventually rise to 71 (Workplace Wellbeing Professional). Whilst employees can still choose to retire early, if they have the means, they won’t be able to access their government pension till much later.

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