Employee Benefits

JANUARY 10, 2022

In what may bring a sigh of relief, 2022 is not a year with new legal requirements incumbent on employers regarding pensions. Finally, another issue for 2022 is likely to be collective defined contribution (CDC). We are likely to see the first of these schemes from the Royal Mail in 2022 and others may follow.

Pension 72

Pension Net Pay Government Taxes 72

Employee Benefits

FEBRUARY 15, 2023

To this end, in 2022 Mitie introduced a winter support package, particularly aimed at those paid under £30,000 per annum. This included bonuses in January 2023 which were weighted towards the lower paid.

Net Pay 105

Net Pay Benefits Package Bonuses Salary 105

Employee Benefits

MARCH 28, 2024

This is the second wage increase in two years that the organisation has implemented, meaning, on average, Uniqlo entry grade staff have seen their annual pay increase by up to 29% since 2022. That year, London-based staff had a pay rise from £10.20 Shop-floor staff will also now receive £300 net pay towards clothing each year.

Net Pay 52

Net Pay Banking Healthcare Recruitment 52

Employee Benefits

FEBRUARY 5, 2024

Law firm Stephenson Harwood has offered a salary sacrifice electric vehicle scheme to its 700 employees through provider Tusker since 2022. What’s important is that quote breaks down very clearly how much their net pay will be after the sacrifice, based on their tax code and earnings year to date. So it is all very transparent.”

Net Pay 59

Net Pay Pension Taxes Salary 59

Employee Benefits

NOVEMBER 30, 2023

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Caboodle, an Access company, runs its net pay scheme in conjunction with Currys.

Technology 59

Technology Net Pay Gross Pay Retail 59

Employee Benefits

SEPTEMBER 6, 2023

Employers make initial investments into necessary equipment on the behalf of employees, and a sum is then deducted from employees’ gross pay. If the employee leaves their employment, the remaining amount is deducted from their net pay and the bike becomes liable for tax. Bikes belong to the employer throughout the process.

Gross Pay 59

Gross Pay Net Pay Taxes Deductible 59

cipHR

NOVEMBER 10, 2022

Even before Covid struck, the proportion of employees in the UK living ‘payday to payday’ with no emergency savings was 40%, according to Willis Towers Watso n, and living costs are expected to rise further in 2022 and beyond as inflation reaches levels not seen for 30 years.

Payroll 52

Payroll Payroll System Salary Pension 52