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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.

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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.

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The Impact of Indexing: 13 Real World Examples

Money Talk

In addition, maximum taxable earnings will increase to $147,000, a quarter of coverage to $1,510, and the earnings limit under full retirement age to $19,560. Pension COLAs - Pension benefits for some retirees are also indexed for inflation. a $59 increase for every $1,000 of benefits) in 2022.

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