Employee Benefits

AUGUST 22, 2023

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. A pension serves as a cornerstone for ensuring comfort and security in retirement. But is every business obliged to offer a pension?

Pension 52

Pension Employment Taxes Government 52

Employee Benefits

FEBRUARY 15, 2024

Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and individual services for employee benefit schemes, covering a range of salary sacrifice and voluntary deduction arrangements.

Government 59

Government Employee Benefits Life Insurance Pension 59

Employee Benefits

APRIL 22, 2024

In his Autumn Statement last November, Chancellor Jeremy Hunt extended the freeze on national insurance (NI) and income tax rate thresholds until April 2028. Employers that offer such arrangements enable staff to save both the income tax and national insurance on any payments into their pension or for a bikes-for-work scheme, for example.

Employment 59

Employment Taxes Finance Net Pay 59

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.

Healthcare 105

Healthcare Employee Wellness Medical Government 105

HR Digest

OCTOBER 30, 2023

Ford, UAW Reach Tentative Labor Deal on Wages According to the UAW contract, workers should soon see a 25 percent wage increase that will be paired with the cost of living adjustments (COLA) that could push the pay rise above 30 percent by 2028. Current retirees should see a five-part $500 annual bonus.

401(k) 52

401(k) Bonuses Parental Leave Pension 52

Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% Chancellor of the exchequer Jeremy Hunt told the House of Commons that the state pension will be uprated by inflation, rather than in line with average earnings growth , in line with its triple lock commitment.

Pension 52

Pension Government Taxes Employee Benefits 52