Employee Benefits
NOVEMBER 8, 2022
Prime Minister Rishi Sunak has appointed Laura Trott MBE as minister for pensions, after predecessor Alex Burghart officially held the role for less than one month. Trott was appointed on 27 October, and the Department for Work and Pensions (DWP) made the announcement on 7 November via its official Twitter account.
Employee Benefits
FEBRUARY 16, 2022
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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Money Talk
AUGUST 16, 2023
Tax Bracket Triggers - When earnings are added to a pension, Social Security, RMDs, and other taxable income, planning is needed to avoid a higher tax rate or Medicare premium. Other benefits also continue. Income in Lieu of Savings - Earnings from work can postpone withdrawals from retirement savings (e.g.,
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. The post Early and multiple interventions will improve pensions engagement! appeared first on Employee Benefits.
Employee Benefits
JANUARY 18, 2022
As people age, making ends meet day-to-day takes a back seat as finances become more stable. Then, when they’re ready, they want to understand how to turn their pension savings into an income for life. Perhaps they’ve taken a career break to raise a family or freelanced without a pension in place. In one sense, they’re right.
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. This could particularly affect those who never check the value of their pension, or haven’t done so for some time. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.
Business Management Daily
MARCH 14, 2022
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.
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