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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. Further to this, any tax free cash received from the pension will also need to be added to this figure and tested against the members available LTA.

Pension 52
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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. Retirement Benefits: Pros and Cons .

Pension 87