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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Benefit Resource (BRI) is here to help you use your pre-tax funds to combat some of the costs that come with welcoming your new addition. This allows you to save on monthly premiums while putting tax-free money aside in your HSA. The IRS announced 2022 contribution limits, which are $3,650 for an individual and $7,300 for a family.

Taxes 72
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Top 5 reasons to check your payslip

cipHR

It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98
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Eyekon Services to pay £8,980 in unfair dismissal case

Employee Benefits

hours per week with a take home pay of £1,363. On 9 September 2022, Rodgers was fired with immediate effect. A Rodgers worked as a cleaner and caretaker from June 2002 for a firm that was taken over by Glasgow-based Eyekon Services last year. Rodgers worked 37.5

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Why SECURE 2.0 Act Auto-Enrollment and Escalation Will Boost Employee Financial Well-Being

Griffin Benefits

This rule will apply to employers who have started retirement plans after December 29, 2022, and take effect for plan years starting in 2025. They were first resistant to escalation, fearing that they would go too far and substantially reduce employees’ take-home pay. The SECURE Act 2.0

401(k) 52
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Cost of living crisis: 7 ways employers can support employees

cipHR

The 2022 cost of living crisis in the UK has seen a record number of households face the biggest decline in income since the 1970s. From 6 April 2022 , the rise in national insurance (NI) contributions means the average worker will see their take-home pay fall by around £250 each year. Salary sacrifice.

Pension 40