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Make the Most of Free Money

Money Talk

Common sources are businesses, individuals, and the government. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g., Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy.

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Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. Meanwhile, its health and wellbeing scheme includes health cash plans, life insurance, personal accident insurance, cancer cover, sick pay insurance, and medical and dentistry cover.

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What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

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.

Pension 59
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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. No Federal Insurance - There is no federal government insurance for annuities as there is for bank products (FDIC) and investment products (SIPC).

401(k) 243
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SumUp ensures it offers an age-inclusive benefits package

Employee Benefits

Its benefits offering for UK-based employees includes the SumUp corporate pension scheme, private medical insurance and life insurance cover, which it primarily markets towards its older staff. Globally, it offers sabbaticals after three years at the firm, known as Break4Me.

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St Petrocs accredited as living wage employer

Employee Benefits

The accreditation is part of its public commitment to its staff, meaning all of its employees will receive a minimum hourly wage of at least ÂŁ10.90, which is higher than the current government minimum for those aged 23 and above of ÂŁ10.42

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Bouygues UK enhances paternity leave policy

Employee Benefits

This is higher than the current statutory paternity leave and pay offered by the government, which is two weeks. Credit: iFocus / Shutterstock.com Construction engineering firm Bouygues UK has enhanced its paternity leave policy to allow its new working fathers to take up to eight weeks of paternity leave on full pay.