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.
Employee Benefits
JULY 25, 2023
Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.
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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.
Employee Benefits
MARCH 5, 2024
The retailer has additionally increased minimum pay rates , which will rise to £11.50 Over the past three years, Currys has increased its minimum hourly pay by 29%. This increase in take-home pay will mean that the annual earnings of an employee who works 20 hours a week will have risen by nearly £2,700 over the three-year period.
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.
Employee Benefits
JULY 6, 2023
As an employer, you’re obliged to provide your staff with a workplace pension – a mandate made compulsory by the UK government in 2012. The required minimum contribution is set at 8%, typically comprising of a 3% contribution by the employer and a 5% contribution by the employee. So, why not ensure it delivers real value?
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. Supportive benefits A salary sacrifice arrangement can provide a tax-efficient way for employees to manage fiscal drag.
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