Employee Benefits

SEPTEMBER 14, 2023

However, many don’t realise the significant difference a small increase to their pension savings can make. This is especially true when an employer matches any additional contributions. They are paying 5% of their salary into a pension via a salary sacrifice arrangement, and their employer is paying 3%.

Pension 64

Pension Take Home Pay Salary Taxes 64

Employee Benefits

APRIL 22, 2024

The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result. Employers should ask employees about their financial pressures to understand how to support them. In order to combat this, how can employers help manage employees’ financial pressures ?

Employment 59

Employment Taxes Finance Net Pay 59

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.

Pension 52

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. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Annual employer-funded health screening for the leadership team. 26 weeks deferred period.

Pension 105

Pension Bonuses Voluntary Benefits Retail 105

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. Several different types of benefit technology are available.

Technology 49

Technology Employment Voluntary Benefits IT 49

cipHR

APRIL 22, 2022

Inflation doesn’t just mean rising costs for workers and their employers; UK organisations could soon be faced with workforces that are unengaged, distracted and unhappy because of the state of their finances. Pay: real living wage, and salary increases. Pensions contributions. Pay: real living wage, and salary increases.

Pension 40

Pension Employment Salary Finance 40

Griffin Benefits

JUNE 29, 2023

This rule will apply to employers who have started retirement plans after December 29, 2022, and take effect for plan years starting in 2025. There is an exception for new companies in business for less than three years, employers with 10 or fewer employees, and governmental and church plans. The SECURE Act 2.0 SECURE ACT 2.0

401(k) 52

401(k) Retirement Plan Salary Take Home Pay 52