Remove Deductible Remove Employee Benefits Remove Pension Benefit Remove Salary
article thumbnail

What employees need to know to reduce the impact of the LTA

Employee Benefits

Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it. For example*, if someone aged 45 has a pension fund of £400,000 and a salary of £50,000, saves 5% of their salary into their pension which rises by 3% p.a For more information, visit www.wealthatwork.co.uk.

Pension 52
article thumbnail

Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Employers who stay out of giving retirement benefits misses the real talent and suitable candidates. 60% of people would instead opt for a job with lower pay but excellent retirement benefits. Smaller companies don’t need to match salaries with large corporations.

Pension 87