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SAVING 1% MORE COULD BOOST PENSION BY 25%

Employee Benefits

According to research* from WEALTH at work, 1 in 3 (33%) employees think they won’t be able to afford to retire at all due to increasing costs. Whilst 8 in 10 (83%) are concerned the cost of living crisis will mean they will have to work longer before retiring to make up for a shortfall in savings.

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National Insurance saving could be used to boost workplace pension

Employee Benefits

WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase their monthly pension contributions. A person earning £20,000pa will save £148.60

Pension 98
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National insurance saving could be used to boost workplace pension

Employee Benefits

WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase their monthly pension contributions. A person earning £20,000pa will save £148.60

Pension 52
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Tips to help employees take control of their finances in 2024

Employee Benefits

According to the Financial Conduct Authority (FCA) [1] , 10.9 It’s now more important than ever to support employees to take control of their finances. This will highlight where money is actually going and where savings could be made. million compared to the 7.8 million the year previous (15%).

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Top 10 pension mistakes individuals could make as they approach retirement

Employee Benefits

Most of us spend the majority of our working life saving into our pension. However, all this hard work saving can quickly unravel for those who aren’t aware of common pension mistakes. Missing out on lost or forgotten pensions The total value of lost pension pots has grown from £19.4 billion in 2018 to £26.6

Pension 52
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Top 7 Employee Benefits and Incentives

Employee Benefits

Furthermore, it also means shorter wait times for treatment and more convenient availability. A shift from the traditional 9-to-5 work routine to a more flexible work model enhances employee morale and productivity. Some people may even accept a lower-paying job in exchange for more freedom.

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Key areas employees should understand if they are made redundant

Employee Benefits

WEALTH at work have provided an overview of some of the key areas that employees will need to understand if they are made redundant: 1. The legal minimum is called ‘Statutory redundancy pay’ however it is vital for employees to check their contracts as they may be entitled to more.

Pension 52