Employee Benefits

MARCH 4, 2024

Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.

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Pension Pension Benefit Employment Taxes 59

Employee Benefits

JUNE 8, 2023

HIVE360 provides expert, compliant and reliable PAYE payroll support and comprehensive employment administration that reduces overheads and improves operational efficiencies for businesses, recruiters and recruitment agencies, their workforce and candidates. It champions a new model of employment administration for the UK market.

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Outsourcing Payroll Employee Benefits Pension Payroll Service 52

Employee Benefits

SEPTEMBER 6, 2023

Jonathan Watts-Lay, Director, WEALTH at work, comments; “It’s important for individuals to understand that opting out of their pension will have a huge impact in the long term and will cause damage to their standard of living in retirement. It’s therefore more important than ever to ensure employees are engaged with their pensions.

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Pension Pension Benefit Taxes Education 105

Employee Benefits

FEBRUARY 17, 2023

Also, many employees in defined benefit (DB) pension schemes are unaware that their pension is valued at twenty times their annual pension for LTA purposes, and so an annual pension of £30,000 has a value of £600,000 for the purpose of testing it against the LTA.

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Employee Benefits

JANUARY 26, 2022

The Work and Pensions Committee is calling for trials of automatic appointments with the Pension Wise service as part of its new ‘Stronger Nudge’ interventions. Topics can include reviewing financial goals, developing an investment strategy, maximising tax efficiencies and how to plan for retirement.

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Pension Pension Benefit Retirement Plan Taxes 52

Employee Benefits

JANUARY 21, 2022

million pension savers [1] are set to reach the limit and will be hit with a tax charge of 55% in retirement. However despite this, many employees don’t even realise that they are at risk. WEALTH at work has therefore identified those employees it thinks may be affected the most.

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Pension Taxes Pension Benefit Education 52

Employee Benefits

JANUARY 20, 2023

Over the past few weeks, there have been an increasing number of social media posts and press articles about a bill currently passing through Parliament, with which the UK government has the potential to fundamentally change employment rights. appeared first on Employee Benefits.

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