Employee Benefits

SEPTEMBER 20, 2023

The Pensions (Extension of Automatic Enrolment) (No. The bill, introduced in the House of Commons by Jonathan Gullis MP and taken through the House of Lords by Baroness Altmann, will see the age at which eligible workers must be automatically enrolled into a pension scheme lowered from 22 to 18. 2) Bill has received Royal Assent.

Pension 59

Pension Consulting Government Taxes 59

Employee Benefits

NOVEMBER 22, 2023

The government is to consult on expanding the Pension Protection Fund’s (PPF) role to act as a consolidator for defined benefit (DB) pension schemes that are deemed “unattractive to commercial providers” and are not currently served by the market. Any public consolidator must be voluntary and separate.”

Consulting 59

Consulting Government Pension Finance 59

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.

Pension 64

Pension Government Retirement Plan Consulting 64

Employee Benefits

FEBRUARY 16, 2022

Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact. Here are some practical tips for employers on how they can reduce the gender pensions gap. Find the root causes of the gap. Address contribution levels.

Pension 59

Pension Employment Parental Leave Consulting 59

Employee Benefits

APRIL 24, 2024

The new reporting regime for pension schemes to disclose their investment allocations to UK markets is flawed. Ken Scott, head of investment solutions at Royal London, says: “Department for Work and Pensions (DWP) best practice suggests that lifestyling is a key consideration.

Pension 59

Pension Employment Government Banking 59

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. And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies.

Global Payroll 105

Global Payroll Employment Taxes Pension 105

Employee Benefits

SEPTEMBER 20, 2023

Many pension schemes will have missing members to whom benefits are due but cannot be paid as they are not contactable. But what happens if they don’t update their pension scheme? For some schemes, the arrival of pensions dashboards will bring into focus the quality of their data and what to do about missing members.

Pension 64

Pension Consulting Employee Benefits Employment 64

Employee Benefits

JUNE 12, 2023

The Police Federation of England and Wales (PFEW) has been found to have discriminated against and victimised members who previously made claims against the government after being moved to pension schemes with reduced benefits. The claims against PFEW will return to the tribunal so compensation can be assessed.

Pension 59

Pension Government Consulting Construction 59

Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. Monitoring and enforcement by HMRC and the Pensions Regulator would also become more complex.

Pension 111

Pension Consulting Insurance Government 111

Employee Benefits

NOVEMBER 6, 2023

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Additionally, half (50%) say they would consider not working for an employer with harmful practices. Employers can help too by offering on-site charging facilities.”

Pension 105

Pension Transportation Consulting Government 105

Employee Benefits

NOVEMBER 22, 2023

According to the government, which announced the move in the Autumn Statement, this means the average worker earning £35,400 will receive a tax cut in 2024-25 of more than £450. At particular risk are employers with lower-paid staff where flexible benefits and other salary sacrifice schemes are available.

Insurance 59

Insurance Pension Taxes Salary 59

Employee Benefits

JANUARY 16, 2023

Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up. Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees. Pay strategy changes.

Employment 105

Employment Salary Consulting Pension 105

Employee Benefits

AUGUST 9, 2023

It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well.

Pension 98

Pension Benefit Providers Education Professional Services 98

Vantage Circle

SEPTEMBER 23, 2023

Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” In the dynamic arena of modern employment, employee benefits aren’t just perks; they are essential components of a thriving organization. Stershic, Workplace Consultant. Pension Plans A pension plan is a benefit for employees.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Employee Benefits

APRIL 3, 2024

An employment tribunal has ruled that Phoenix Healthcare and Rentacar 24/7 must pay £2,912.19 He resorted to recording his working hours on paper, and then sending a photo of this via WhatsApp to his employer Hussein or one of the office team. His employment was then terminated in February 2022. for unpaid wages.

Healthcare 59

Healthcare Transportation Pension Deductions 59

Employee Benefits

NOVEMBER 6, 2023

An employment tribunal has ruled that Lancashire County Council must pay out more than £800,000 to a teacher who was made to reapply for her job while on sick leave with cancer and then sacked. Anne Healey worked as an early years specialist for the council’s schools improvement service since 2012 after a teaching career.

Pension 105

Pension Consulting Salary Employee Benefits 105

Employee Benefits

FEBRUARY 6, 2022

Reward and benefits can be used to demonstrate an organisation’s values, with examples including environmental, social and governance (ESG) default funds on pensions and electric car schemes. Rather than simply throw money at the problem, employers are looking at how they use benefits to enhance the employee experience.

Employment 64

Employment Pension Government Life Insurance 64

Employee Benefits

APRIL 19, 2023

To address financial strain, some employers might resort to dismissals that are unjust or not in compliance with UK employment laws. UK law requires employers to follow a procedure before dismissing an employee. Some employers may skip or inadequately follow these processes, leading to unfair dismissals.

Employee Benefits 98

Employee Benefits Pension Health Insurance Consulting 98

Empuls

SEPTEMBER 28, 2023

Yet, behind the allure of cityscapes and rolling hills, there's a pressing concern that affects both employers and employees alike: the ever-evolving cost of living. The good news is that the research into market trends indicates a high level of willingness among employers to assist their workforce.

Bonuses 40

Bonuses Employment Transportation Taxes 40

Qandle

MAY 16, 2023

From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. We will cover important topics such as the Income Tax Act, the Employee Provident Fund (EPF) Act, and the Employee State Insurance (ESI) Act, and how they impact payroll processing.

Payroll 98

Payroll Gross Pay Deductions Deductible 98

Benefit Resource Inc.

NOVEMBER 29, 2023

Pension plans and retirement health benefits are becoming less common, but Baby Boomers are recognizing the value of existing benefits. While you should consult your tax or investment advisor, prior to making your retirement plans official, ask how COBRA and an HSA could fit in with your early retirement strategy.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

Money Talk

JUNE 24, 2021

People with secure jobs or pensions and decreased expenses and spending opportunities saved more and/or reduced debt. Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan.

401(k) 100

401(k) Finance Entertainment Pension 100

Workplace Insight

MARCH 7, 2024

These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. The Autumn Budget in November 2023 teased us with the “Back to Work” plan to support sick or disabled adults back into work along with a launch of the occupational health consultation.

Government 59

Government Taxes Insurance Health 59

Health Consultants Group

APRIL 1, 2021

Even if you’re not quite back to business as usual, it’s tax time, and the IRS expects you to be ready. If you allowed your employees to access emergency distributions, rollovers, and loans, they must address those funds in their 2020 tax returns. The rules expanded distribution options and waived certain taxes and other requirements.

Retirement Plan 52

Retirement Plan 401(k) Taxes Pension 52

15Five

APRIL 21, 2022

In a recent episode of the HR Superstars podcast , 15Five’s Chief Culture Officer, Shane Metcalf, was joined by First Person’s CEO & Founder, Bryan Brenner, and SVP & Consultant Paul Ashley to discuss the evolution of total rewards. bonuses, commissions) Long-term incentives (e.g. equity, stock options) Other compensation.

Compensation Equity 90

Compensation Equity Salary Bonuses Pension 90

cipHR

JULY 30, 2020

There’s a growing consensus that employers have a responsibility to do more – and that it makes good business sense to do so. The UK government is certainly hoping employers will intervene in this area. It allows an employee to exchange part of their salary for extra benefits, usually non-cash benefits from the employer.

Pension 59

Pension Salary Health Insurance Education 59

HR Digest

MARCH 12, 2020

Or you can go niche and strategize, become an entrepreneur, hiring executive, trainer, join a non-profit organization, become a consultant or an international labor dispute specialist, or become an HR IT expert. HR Consultant. This role is similar to what a management consultant does for a company. Careers for HR Professionals

Human Resources 87

Human Resources Health and Welfare Consulting Hospitality 87

HR Professionals Magazine

SEPTEMBER 2, 2021

As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. But, retirement plans can vary drastically with different benefits to the employer or to the employee.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

Bayzat

FEBRUARY 15, 2024

Payroll Management View payslips, salary breakdown, and tax information securely. Benefits Enrollment Choose and manage health insurance, pension plans, and other benefits electronically. Schedule a consultation with Bayzat’s team of experts to discuss your specific needs and find the perfect ESS solution for your organization.

Electronics 52

Electronics Overtime Taxes Payroll 52

HR Digest

APRIL 19, 2023

When it comes to disability benefits in the UK, two of the most important programs are Personal Independence Payment (PIP payments in 2023) and Employment and Support Allowance (ESA). There are also DWP PIP freebies that can be accessed, which include free prescriptions, vehicle tax exemptions, free bus passes, and much more.

Healthcare 52

Healthcare Medical Insurance Pension 52

Empuls

SEPTEMBER 25, 2023

Employers must consider these requests seriously and can only reject them on reasonable business grounds. Various new pieces of legislation aim to extend traditional employment protections, like minimum wage and benefits, to gig workers and freelancers. New labor laws are granting employees the right to request flexible work hours.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

The Teacher's Advocate

SEPTEMBER 6, 2019

I'm often tasked by new public education clients to perform due diligence on their available 457(b) options with their employer and in most cases i'm horrified by what I find, it's a wasteland. In reality, the paper had a small impact among a few consultants (myself included) and a few school districts, otherwise it went completely unnoticed.

Pension 40

Pension Retirement Plan Government Consulting 40

Vantage Circle

SEPTEMBER 16, 2021

According to the Employee Ownership Foundation , an Employee Stock Ownership Plan (ESOP) is a tax-qualified retirement plan authorized and encouraged by federal tax and pension laws. But ESOP plans differ from most retirement plans in the following ways: Investments must be made primarily in the stock of the sponsoring employer.

401(k) 52

401(k) Employee Stock Option Profit Sharing Plan Taxes 52

Employee Benefits

FEBRUARY 1, 2023

The Department of Work and Pensions (DWP) has launched a public consultation on a policy framework for broadening collective defined contribution (CDC) provision in pension schemes. The consultation began this week and will close on Monday 27 March.

Pension 64

Pension Consulting Government Employee Benefits 64

Business Management Daily

AUGUST 2, 2022

The DOL stated that the proposed rule is in response to the frequent misclassification of employees, which they called “one of the most serious problems facing affected employees, employers, and the U.S. These frequent changes make it difficult for employers to keep up. Who can be classified as an independent contractor?

Employment 98

Employment Taxes PTO Overtime 98

cipHR

MARCH 24, 2022

With the current tax year ending on 5 April 2022, the 2022/2023 tax year introduces many key pieces of legislation affecting millions of employers and employees across the UK. In preparation for the upcoming tax year end, we’ve prepared an extensive list of all the regulatory changes that you need to be aware of.

Taxes 40

Taxes Payroll Deductions Deductible 40

HR Digest

FEBRUARY 20, 2020

Here we bring to you precisely that information, with additional info about types of retirement benefits and the goals an employer would like to accomplish by offering retirement benefits. Some of the reasons are: Around 75% of the employees expect their employees to provide better retirement benefit pension plans. Work Smart.

Pension 87

Pension Retirement Plan Taxes Pension Benefit 87