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Financial Implications of Working in Later Life

Money Talk

Other benefits also continue. Tricky Rules - Employers may have rules that prevent older workers from collecting pension benefits or former workers from returning as freelancers until a break in service.

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Adrian Cooper: Where next for financial wellness?

Employee Benefits

As people age, making ends meet day-to-day takes a back seat as finances become more stable. The financial difficulties caused by these lifestyle events are similar and can be managed within a general financial wellness programme. But there is another lifestage that presents different financial challenges.

Pension 141
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Tracy McMullen: Ashurst engages all staff in pension savings

Employee Benefits

At Ashurst, we closely consider the pension and benefits we offer and focus particularly on how we engage our people in these offerings to ensure they are of maximum benefit. Because pension forms part of an employee’s finances, tackling the broader topic of finances also increases engagement with pensions.

Pension 52
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Laura Trott appointed minister for pensions

Employee Benefits

Trott has taken over responsibility for pensioner benefits including state, private and occupational provisions, as well as oversight of bodies such as The Pensions Regulator (TPR). Present press speculation around tax allowances for pensions are particularly concerning.

Pension 59
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Early and multiple interventions will improve pensions engagement!

Employee Benefits

Then in the years before retirement, support should be provided around tax efficiency, planning for retirement and understanding retirement income options, clearing debt and maximising pension benefits and other savings.

Pension 52
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What employees need to know to reduce the impact of the LTA

Employee Benefits

There are some options that employees should be aware of to either avoid or reduce the impact of the LTA: Review current situation – If they have already taken some pension benefits, they should start by looking at a current pension valuation and assessing how much of their LTA they have used.

Pension 52
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How to steer clear of Age Discrimination in Employment Act lawsuits

Business Management Daily

If an employee is at least 65, has held a high policy-making or executive position for the preceding two years, and is entitled to receive employer-financed pension benefits or other retirement benefits of at least $44,000 annually, they may be subject to mandatory retirement policies.