Employee Benefits

SEPTEMBER 6, 2023

Given cost of living worries and the notion this may be impacting pension savings, WEALTH at work conducted research* with employees to find out their thoughts into what’s happening in reality. It’s therefore more important than ever to ensure employees are engaged with their pensions.

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Employee Benefits

NOVEMBER 6, 2023

Image Factory/shutterstock_1864249615 Need to know: Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff. It is vital that any initiatives are communicated effectively and that employees can see the impact these are having.

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Employee Benefits

JANUARY 15, 2024

Employers could offer support through a midlife MOT, which provides a health and financial career check to help employees plan for retirement. Pre-retirement coaching can help to educate older employees on how to prepare for life away from work. But what benefits can employers offer to support the ageing workforce?

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Employee Benefits

JUNE 26, 2023

With interest rates on the rise, we often get asked at our financial education sessions, is it best to pay off your mortgage or pay into your pension? In reality, all of us are different, and there are many things to consider before deciding what is best for you beyond interest rates and investment growth.

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Employee Benefits

MARCH 27, 2023

What is a group personal pension (GPP)? A group personal pension is a defined contribution (DC) arrangement whereby an employer agrees to make monthly contributions into a scheme, but the contract is between the employer and the pension provider. The income is taxable. They can choose to do a combination of these.

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Employee Benefits

JANUARY 31, 2024

To support employees with their financial wellbeing, employers should review the benefits they already offer and check whether staff know how they can help. Implementing financial wellbeing services that include education and coaching is cost-effective.

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Pension Finance Education Taxes 64

Employee Benefits

AUGUST 29, 2023

Auto Enrolment Pension Staging Date: A Guide for Employers Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. Hasn’t pension auto enrolment been an obligation for quite some time?

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Employee Benefits

NOVEMBER 2, 2023

Research[1] by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all. WEALTH at work’s research showed that 13% of employees have reduced or stopped their pensions because of rising costs.

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Employee Benefits

NOVEMBER 22, 2023

Chancellor of the Exchequer Jeremy Hunt has announced plans to offer a pension pot for life in the Autumn Statement 2023. This will give employees a legal right to require a new employer to pay pension contributions into their existing pot, avoiding the accumulation of multiple pension pots throughout their working life.

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Employee Benefits

AUGUST 9, 2023

Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees. Tailored benefits that are personalised to employees’ needs offer an effective form of support.

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Employee Benefits

OCTOBER 31, 2023

In today’s economic climate, helping employees to build their financial resilience and providing them with the knowledge and tools to do so, has never been so important. This will provide employees with a convenient, flexible and tax efficient way to invest. This is where a Corporate ISA can help.

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Employee Benefits

AUGUST 14, 2023

Need to know: Change will happen when it comes to employers’ pensions plans. An employer should really get to know the audience of employees and meet them where they are. In many situations, it is good news for employees. Employees will appreciate honesty, he adds. Avoid legalese; be honest, clear and concise.

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Employee Benefits

FEBRUARY 9, 2024

Many leading employers work with workplace specialists to deliver financial education and guidance programmes to help their employees achieve better financial outcomes, whether it is support with making investment decisions to build savings or accessing a pension for the first time.”

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Employee Benefits

JANUARY 17, 2024

It’s a great word encompassing employee wellbeing, financially, mentally, and physically. During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it. Resilience. So, what exactly does it mean?

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Employee Benefits

FEBRUARY 17, 2023

Therefore, people’s pension savings will likely start catching up with the frozen Allowance. WEALTH at work has therefore identified those employees it thinks may be affected the most. This could particularly affect those who never check the value of their pension or haven’t done so for some time. This includes: 1.

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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. It will also offer reward and recognition benefits such as gift cards, vouchers and gift experiences, long-service awards, recognition messages or cards, and lump sums.

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Employee Benefits

FEBRUARY 20, 2023

When it comes to communicating to employees about pension scheme investing , Gary Douglas, finance director of new business agency Ingenuity, is of the firm belief that you must get the basics right first. Accordingly, pensions were not always at the forefront of people’s minds.

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Employee Benefits

FEBRUARY 12, 2024

Passionate about financial wellbeing , global recruitment firm Hays provides employees with back-to-basics roadshows and webinars to explain pensions terminology in a more straightforward way in order to combat the gender pensions gap. It has offices in 33 countries and 13,000 employees across the world.

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Employee Benefits

APRIL 22, 2024

The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result. Employers should ask employees about their financial pressures to understand how to support them. A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag.

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Employee Benefits

JULY 6, 2023

But your workplace pension setup could be causing this wastage right under your nose, without you even being aware. Workplace pension contributions are fantastic as a concept, offering long-term financial stability and nurturing a productive and motivated workforce. Remember, your workplace pension is your priciest benefit.

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HR Digest

MAY 21, 2023

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. Employee benefits have become an essential part of any competitive compensation package.

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Employee Benefits

DECEMBER 11, 2023

Most of us spend the majority of our working life saving into our pension. However, all this hard work saving can quickly unravel for those who aren’t aware of common pension mistakes. WEALTH at work outlines below the top 10 pension mistakes individuals could make, to highlight what employees facing retirement may need support with.

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Money Talk

NOVEMBER 11, 2021

As I mentioned in three previous posts , I love learning new things and often attend webinars and podcasts to gain knowledge and/or continuing education credits for my CFP® and AFC® as well as to connect virtually with others. Many more employees today are vocal about work load concerns and work-life balance.

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Employee Benefits

JANUARY 24, 2024

Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days. The volatility of the price means employees aren’t keen to switch from hard cash.” Mainstream pay preference This could change. Bitcoin fits the digital world,” he explains.

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Employee Benefits

JULY 24, 2023

We asked Jonathan Watts-Lay, Director, WEALTH at work, to tell us why workplaces may want to consider offering all employees share plans, the different types available and what they need to be aware of. He comments; “To encourage employees to save more, many companies offer share plans, one of the most popular being Save As You Earn (SAYE).

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Employee Benefits

JULY 7, 2023

A financial dilemma that many people consider is whether to prioritise reducing their mortgage debt or whether to increase the amount they pay into their workplace pension. Generally, if the investment growth you are likely to get is more than the interest rate on your mortgage, then it might be a better idea to pay into your pension.

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Employee Benefits

JANUARY 31, 2024

Avison Young ensures it understands the needs of its employees when deciding on what financial support to offer. The global commercial real estate firm has more than 100 offices in 15 countries, and employs 5,000 employees worldwide and 1,500 in the UK. It’s working in partnership with a provider to meet the goals of an organisation.

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Employee Benefits

JANUARY 12, 2024

Credit: JHVEPhoto / Shutterstock.com Professional services and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles. Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks.

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Employee Benefits

MARCH 13, 2022

Getting employees to think about their retirement savings can be tricky, and employers may struggle to make pensions exciting but there are ways to get employee’s attention. Workplace pensions have the potential to be real drivers of positive change in the environmental, social, and governance (ESG) space.

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Employee Benefits

AUGUST 29, 2023

Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. The auto enrolment staging date refers to the deadline by which UK companies must launch their auto enrolment pension plans.

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Employee Benefits

FEBRUARY 8, 2023

American air travel organisation Delta Airlines has announced that it will give its ground and flight attendant employees a 5% pay increase as of 1 April. All 90,000 employees worldwide are included, apart from those covered by an industry or government requirement, or a collective bargaining agreement.

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Employee Benefits

MARCH 21, 2023

The last few years have caused many to reflect on how we spend our time, leading to employers having to re-evaluate their employee benefits package. David McCormack, CEO , HIVE360 , explains it’s important to first understand what benefits and support employees value the most.

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Employee Benefits

FEBRUARY 9, 2022

Need to know: Environmental, social and governance (ESG) issues are influencing employee benefit design through the emergence of new benefits and the repositioning of existing ones to highlight their ESG-related characteristics. It’s no surprise, therefore, that ESG is also making an impact on the employee benefits offering.

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Employee Benefits

FEBRUARY 20, 2022

Thanks to automatic enrolment the staff pension scheme is now ubiquitous and employee awareness of the need to save is high. Employees know they’ll receive at least a minimum contribution paid into their workplace scheme. There will be employees across all UK workforces who care passionately about environmental issues.

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Employee Benefits

JULY 31, 2023

But your organisation might be doing just that because the set-up of your workplace pension scheme has kept you blissfully unaware. Pension contributions by employers are great in principle, fostering stability and long-term economic wellbeing for employees. After all, your workplace pension is your most costly perk.

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Employee Benefits

OCTOBER 4, 2023

Need to know Benefits technology can play a vital role in engaging employees and ensuring take up of benefits. Technology has become a vital part of how we operate, and this is certainly the case in the world of benefits. Access to perks Thinking about how employees will access benefits is essential.

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Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” These benefits are given to employees over their salaries and wages.

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