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Then in the years before retirement, support should be provided around tax efficiency, planning for retirement and understanding retirement income options, clearing debt and maximising pensionbenefits and other savings. The post Early and multiple interventions will improve pensions engagement!
There are some options that employees should be aware of to either avoid or reduce the impact of the LTA: Review current situation – If they have already taken some pensionbenefits, they should start by looking at a current pension valuation and assessing how much of their LTA they have used.
A study by Bateman & Crant; 2003, Lepper, Corpus, & Iyengar; 2005 have addressed this issue. They can be pensionbenefits, paid leaves, etc. They are benefits that enhance an employees' work life, such as health benefits, club benefits, etc. It helps in the workplace too! A Word of Praise.
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