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

Employee Benefits

million pension savers [1] are set to reach the limit and will be hit with a tax charge of 55% in retirement. This could particularly affect those who never check the value of their pension, or haven’t done so for some time. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.

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Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Some of the reasons are: Around 75% of the employees expect their employees to provide better retirement benefit pension plans. 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.

Pension 87