Employee Benefits

SEPTEMBER 14, 2023

However, many don’t realise the significant difference a small increase to their pension savings can make. For example, someone in their 20s, saving an extra 1% a year with their employer matching this, may be able to increase their pension pot in retirement by 25%. They are all 25 years old and plan to retire at age 68.

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Pension Take Home Pay Salary Taxes 64

Employee Benefits

JULY 6, 2023

You’ve got a company pension scheme in place, so what would prompt you to change it? However, there’s a strong reason to do so: your business and employees may be at risk if you don’t take action. Additionally, shifting to a modern digital pension provider is surprisingly straightforward.

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Pension Salary IT Take Home Pay 52

Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer.

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Pension Bonuses Voluntary Benefits Retail 105

Employee Benefits

APRIL 22, 2024

Jeanette Makings, head of workplace financial wellbeing at Close Brothers Asset Management, says: “Employees will need help understanding the impact in relation to their take-home pay. Employers can create a safe space for employees to discuss their concerns with HR or designated support staff,” he says.

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Employment Taxes Finance Net Pay 59

Employee Benefits

JULY 10, 2023

Need to know: Enriching benefits data with information from other sources can help employers create personalised benefit offerings. Low take-up rates do not always indicate a benefit is not popular: it may need an awareness or education campaign to boost engagement. appeared first on Employee Benefits.

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Technology Employment Voluntary Benefits IT 49