article thumbnail

Choosing the best workplace pension for your business

Employee Benefits

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.

Pension 96
article thumbnail

Why Your Employees May Not Achieve a Comfortable Retirement

Employee Benefits

As an employer, you’re obliged to provide your staff with a workplace pension – a mandate made compulsory by the UK government in 2012. Unfortunately, a considerable number of employees adopt a ‘set and forget’ approach once they’re enrolled in a pension scheme.

Pension 52
article thumbnail

How to improve and handle your finances in 2022

cipHR

This, for example, means an individual earning £30,000, with a net take home pay of £23,112, will see this take-home figure decrease by £255. . It is crucial to build healthy financial habits that will help minimise the impact once the NI hike takes place this year. Hunt down lost pension pots.

Finance 98