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

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are the pros and cons of digital self-service pay systems?

Employee Benefits

However, experts say that engaging employees in the process of inputting their own pay, and giving them access to pay information, through digital self-service systems can not only aid recruitment and retention in itself, but also drive better take-up of existing benefits and free up HR teams to focus on yet further value-adding activity.

Payroll 105
article thumbnail

Top 5 reasons to check your payslip

cipHR

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. This means people can earn £12,500 tax-free, and only start paying tax on income over that amount.

Pension 98
article thumbnail

Cost of living crisis: 7 ways employers can support employees

cipHR

Pay: real living wage, and salary increases. Pensions contributions. Pay: real living wage, and salary increases. Pensions contributions. Pensions are designed to provide money for employees’ retirement and are one of the most popular and widely available benefits. Financial wellbeing assistance. Salary sacrifice.

Pension 40