Money Talk

JANUARY 11, 2023

The easiest way to “pay yourself first” is to have savings deducted automatically from your paycheck through a 401(k) or other workplace savings plan. a new car in 2028 with a $10,000 cash down payment). Pay Yourself First (PYF)- PYF treats savings with the same high priority as a mortgage, rent, or car loan payment.

401(k) 185

401(k) Finance Insurance Deductible 185

Employee Benefits

FEBRUARY 15, 2024

Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and individual services for employee benefit schemes, covering a range of salary sacrifice and voluntary deduction arrangements.

Government 59

Government Employee Benefits Life Insurance Pension 59

Employee Benefits

FEBRUARY 22, 2023

Employers can also benefit from the NI savings made by deducting employees’ car payments from their salary. This figure will increase by one percentage point per year from 2025 to 2028. A salary sacrifice arrangement is also seen as key in aiding retention of talent and attraction of new staff. Are there any tax or legal implications?

Salary 98

Salary Taxes Government Insurance 98