Money Talk

JANUARY 4, 2024

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g.,

Life Insurance 170

Life Insurance Pension Benefit Retail Taxes 170

Money Talk

SEPTEMBER 28, 2023

It should include essential living expenses, discretionary living expenses, and guaranteed sources of income such as Social Security, an annuity, or a pension. For example, instead of two Social Security checks, there will be one, along with a reduced (survivor) pension benefit.

Pension 186

Pension Pension Benefit Insurance Taxes 186

Employee Benefits

MARCH 11, 2024

The bank also maintained a 1% increase in non-pensionable benefits , which was implemented last year.” The post Bank of England gives employees 4% pay rise appeared first on Employee Benefits. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.

Banking 102

Banking Pension Benefit Pension Insurance 102

Money Talk

AUGUST 16, 2023

Employer Benefits - Workers age 65+ at large companies can still be covered by group health insurance, thereby postponing Medicare premiums. Other benefits also continue. It does not endorse specific products or services and should not be construed as legal or financial advice.

Taxes 130

Taxes Pension Deductions Deductible 130

Employee Benefits

MAY 13, 2024

Credit: Gerard Uferas/ La Company BNP PARIBAS London BNP Paribas UK tries to promote true flexibility through its flexible benefits scheme and regularly tweaks its provision to operate at its best for its workforce. Its flexible benefits scheme was introduced in 2010 with wide range of options.

Pension 59

Pension Pension Benefit Medical Insurance 59

Employee Benefits

MARCH 4, 2024

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

Pension Pension Benefit Employment Taxes 59

Employee Benefits

MAY 9, 2023

Travel business Thomas Cook has completed a £900 million bulk purchase annuity buy-in transaction for its UK pension scheme. Aviva insured the defined benefit (DB) pension liabilities for more than 12,500 scheme members following the liquidation of the business in 2019.

Pension 59

Pension Pension Benefit Insurance Employee Benefits 59