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

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

Workers' Compensation Perspectives

JANUARY 1, 2019

To forestall this eventuality, the majority of North American workers’ compensation jurisdictions adjust periodic payments (sometimes called workers’ compensation pensions or permanent disability payments) to account for increases in the cost of living. This policy, however, is far from universal among US workers’ compensation systems.

Workers’ Compensation 52

Workers’ Compensation Pension Health and Welfare Insurance 52