Employee Benefits

NOVEMBER 24, 2023

In his Autumn Statement on Wednesday (23 November), Chancellor of the Exchequer, Jeremy Hunt, announced plans to introduce the concept of employees having a single pension pot for life. Should this come to fruition, the move would mark a significant departure from the traditional model for workplace defined contribution (DC) pensions.

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Employee Benefits

SEPTEMBER 20, 2023

Yet, many businesses might be inadvertently losing money because they lack a competitive pension package. Therefore a business with a team of 100 could pocket savings of up to £65,000 annually with a strategic pension plan. By presenting a more enticing pension proposal, firms can foster greater employee loyalty.

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Employee Benefits

AUGUST 29, 2023

Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. The auto enrolment staging date refers to the deadline by which UK companies must launch their auto enrolment pension plans.

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Employee Benefits

MARCH 13, 2023

Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future. In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable. One thing that might feel set in stone is pension contributions.

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Employee Benefits

SEPTEMBER 6, 2023

For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Employee contribution (inc.

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Employee Benefits

AUGUST 31, 2023

Pension Re-Enrolment: A Step-by-Step Guide for Businesses Employers must comply with UK law by re-enrolling eligible employees into their automatic enrolment pension scheme. In this guide, we’ll walk you through adhering to the pension re-enrolment regulations. What Does Pension Re-Enrolment Entail?

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cipHR

JANUARY 4, 2023

If you’re considering outsourcing your payroll, or if you’re looking for expert outsourced payroll services — these frequently asked questions can help you confidently decide how, why, and whom to outsource your payroll to. You can choose between bureau and fully managed outsourced payroll service options with Ciphr.

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Employee Benefits

FEBRUARY 20, 2023

When it comes to communicating to employees about pension scheme investing , Gary Douglas, finance director of new business agency Ingenuity, is of the firm belief that you must get the basics right first. Accordingly, pensions were not always at the forefront of people’s minds. They are starting to think more about their pensions.”

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Snell & Wilmer Benefits

MARCH 21, 2024

In the wake of recent developments, we are pleased to provide insights into Pension-Linked Employee Savings Accounts (PLESAs) under the Secure 2.0 The legislative intent of a PLESA is to allow low- and middle-income employees to use payroll deductions to accumulate funds that they can use in the event of an emergency.

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Qandle

MAY 16, 2023

If you are a business owner, HR manager, or payroll administrator in India, understanding payroll processing is essential for your business’s smooth operation. From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. What is payroll?

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cipHR

MARCH 27, 2023

If you’re considering payroll outsourcing UK, it’s likely you will encounter plenty of jargon on your journey to finding the right outsourced payroll provider. Don’t forget to check out our top 10 tips for choosing the right outsourced payroll company. These are sometimes taxable, which means they will appear on payslips.

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Employee Benefits

JULY 6, 2023

You’ve got a company pension scheme in place, so what would prompt you to change it? Additionally, shifting to a modern digital pension provider is surprisingly straightforward. Additionally, shifting to a modern digital pension provider is surprisingly straightforward. Is your existing pension provider maximizing your savings?

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cipHR

MAY 24, 2022

April is always a busy time of year for payroll professionals – and it was no exception for CIPHR’s dedicated payroll bureau team, who ensure that our customers’ payrolls are processed accurately and on time each month. Pensions and pension allowances. In April 2022, the state pension rose 3.1%.

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Qandle

APRIL 7, 2022

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Calculating your employees’ salary, issuing payments, preserving payroll records, and collecting tax forms are all part of payroll management.

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cipHR

FEBRUARY 21, 2023

There are many reasons why organisations might consider outsourcing payroll. An obvious one is to free up more time for in-house HR or payroll teams, which can also generate savings on new recruits, administration, and training. You’re spending too much time on payroll-related tasks This is a clear sign that things are not working.

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Employee Benefits

MARCH 2, 2022

On-demand grocery delivery service Beelivery has introduced a new employee benefits and payroll service to meet the demands of its growing organisation. They can also check information about their pension and use the app to review pension performance and explore the impact of changing contributions.

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Employee Benefits

JUNE 5, 2023

Outsourced payroll solutions and worker benefits provider HIVE360 has launched two new solutions as powerful alternatives to the traditional umbrella providers. HIVE360 Umbrella Plus tackles the typical umbrella challenges head on. “We Done well and transparently, it is a highly effective solution that makes complete commercial sense.

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cipHR

MARCH 21, 2023

All organisations want the payroll process to run as efficiently as possible. This guide will explain the different approaches to handling payroll, and help you find the solution that best meets the needs of your organisation.

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cipHR

JULY 25, 2022

Paying your employees is imperative, but should you use in-house payroll software or an outsourced payroll provider? And that’s all before you get to pension contributions, tax and other legislation with which you need to comply. In-house payroll vs outsourced payroll: at a glance. Advantages of in-house payroll.

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HR Digest

APRIL 4, 2022

In modern workplaces, payroll management has a very important role in daily activities. We can say that payroll is an essential part of the company’s salary management and it is clear that payroll cannot be replaced with any other system nowadays. . What Is Payroll? It collects inputs that are payroll-related .

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Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. Monitoring and enforcement by HMRC and the Pensions Regulator would also become more complex.

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Money Talk

FEBRUARY 1, 2024

Payroll deductions for defined contribution plans, like 401(k)s, make adhering to advice to “pay your first” automatic. Backstops Can Mitigate Risk-Taking - Some investors feel that they can take on more investment risk when they have a guaranteed source of income (think tenured educators or retirees with a pension and/or annuities).

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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. Income in Lieu of Savings - Earnings from work can postpone withdrawals from retirement savings (e.g., Other benefits also continue.

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Business Management Daily

MARCH 23, 2023

Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay. the oversized pension bill enacted last December, allows 401(k) plans to include after-tax emergency accounts. The transaction is a loan from the employer to the employee. If it’s not a commercial loan, what is it?

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cipHR

NOVEMBER 15, 2021

CIPHR asked payroll expert Jon Lee for some pointers. As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. Pension payments. So, why should we?

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cipHR

AUGUST 1, 2022

A simple payroll error could have a significant effect on someone else’s daily life, and they may even decide to leave your business. Here’s how your payroll mistakes affect employees – and what you can do to eliminate these errors. Its payroll provider is said to have made 10,806 errors, affecting 5,529 people.

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cipHR

MARCH 15, 2019

If your finance and HR teams aren’t prepared yet for changes to payslip requirements, minimum pension contributions, and national minimum wage (NMW) increases that are effective from April 2019, then time is running out to implement the necessary modifications. Watch: the benefits of integrating HR and payroll data. Wage rises.

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Employee Benefits

FEBRUARY 14, 2023

Credit: William Barton / Shutterstock.com Banking organisation NatWest Group has acquired 85% shareholding in workplace savings and pensions fintech Cushon, with the remaining 15% retained by Cushon management. The solution integrates with payroll and benefits platforms, delivered via the workplace as an employee benefits.

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Employee Benefits

MAY 15, 2023

Jonathan Watts-Lay, Director, WEALTH at work, comments, “One way to save money is by paying for things through your company payroll using your pre-tax salary, so you pay less income tax and National Insurance. We ask Jonathan Watts-Lay, Director, WEALTH at work, what he thinks are the main benefits of salary sacrifice schemes.

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Employee Benefits

JUNE 1, 2023

It has a normal pension plan and a few related insured benefits. Its pension contributions are a lot higher than ours, but then our scheme is well below market, as I have been complaining about for some time. The problem is: to remove any holiday we would have to buy them out, which would add pension and bonus costs.

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Employee Benefits

NOVEMBER 6, 2023

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Green investments Pensions are another area where employers can have a significant impact.

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Proskauer's Employee Benefits & Executive Compensa

MARCH 16, 2023

In the wake of the recent news of bank failures, businesses—and their investors—are rightly concerned about the implications of a missed or delayed payroll. Obligation to Make Payroll Under federal and most state laws, employers have both timing-of-pay and frequency-of-pay obligations.

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Employee Benefits

JUNE 8, 2023

HIVE360 provides expert, compliant and reliable PAYE payroll support and comprehensive employment administration that reduces overheads and improves operational efficiencies for businesses, recruiters and recruitment agencies, their workforce and candidates.

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Employee Benefits

JANUARY 31, 2024

It offers free and impartial help with money, pensions and everyday savings,” he explains. “There are also various tools and calculators available, such as budget planners and pension calculators.” Employers could also train some employees to spot colleagues who are financially stressed and provide financial first aid.

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Employee Benefits

OCTOBER 31, 2023

Whilst a workplace pension provides a savings vehicle for retirement, many organisations want to put in place a tax efficient savings option for those looking to save in general and build financial resilience. Contributions can also be made from maturing SAYE schemes to help protect from capital gains tax and ensure tax free growth.

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Global People Strategist

DECEMBER 2, 2019

Colombia is a country that may be attractive for generating new business operations, but with complex and extensive payroll systems and requirements in this country, it is vital for global business operations to understand the local laws and mandates.

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Workers' Compensation Perspectives

SEPTEMBER 30, 2019

“Payroll” used to have a simple meaning. According to the Online Etymology Dictionary: payroll (n.) For workers’ compensation, payroll can have different meanings depending on your jurisdiction and whether you are a worker or an employer. Rules in different jurisdiction may use different terms to describe or define payroll.

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