Fiscal drag: how can employers offset the challenges of a difficult economy?
Employee Benefits
APRIL 22, 2024
This can contribute to fiscal drag, which occurs when taxpayers are ‘dragged’ into paying tax, or a higher tax rate. Jeanette Makings, head of workplace financial wellbeing at Close Brothers Asset Management, says: “Employees will need help understanding the impact in relation to their take-home pay.
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