article thumbnail

Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. As part of the framework agreement and in alignment with Welsh government policy, provision for Welsh Language Standards will be made.

article thumbnail

Choosing the best workplace pension for your business

Employee Benefits

Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.

Pension 96
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Make the Most of Free Money

Money Talk

Common sources are businesses, individuals, and the government. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g., Public Benefits- This is cash or services provided by government or non-profit agencies. stock or mutual fund shares) are taxable.

article thumbnail

Address the Cost of Living Crisis with your Workplace Pension

Employee Benefits

Yet, many businesses might be inadvertently losing money because they lack a competitive pension package. Therefore a business with a team of 100 could pocket savings of up to £65,000 annually with a strategic pension plan. By presenting a more enticing pension proposal, firms can foster greater employee loyalty.

Pension 59
article thumbnail

The Impact of Indexing: 13 Real World Examples

Money Talk

Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans. Other pensions have frozen or suspended COLAs for their retirees (e.g., the New Jersey state pension plan).

401(k) 227
article thumbnail

An Introduction to IRMAA

Money Talk

A letter from the Social Security Administration (SSA) notifies beneficiaries of their expected benefit, including IRMAA deductions, if any. Many events can affect IRMA including marriage, divorce, death of a spouse, taxable pensions, leaving the workforce, capital gains on the sale of assets, and the start of RMDs.

401(k) 244
article thumbnail

Standard Chartered Bank and Lidl GB shortlisted for Best voluntary benefits

Employee Benefits

We’re doing a lot for our student employees in terms of cost-of-living benefits, including opening up [the] Isa for pensions contributions for them. The schemes helped employees learn how to manage their money better and some to save thousands of pounds through the Isa by utilising employer contributions.