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

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