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UK Workplace Pension Regulations: What Every Employer Should Know

Employee Benefits

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. A pension serves as a cornerstone for ensuring comfort and security in retirement. But is every business obliged to offer a pension?

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Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

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.

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Fiscal drag: how can employers offset the challenges of a difficult economy?

Employee Benefits

A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag. In his Autumn Statement last November, Chancellor Jeremy Hunt extended the freeze on national insurance (NI) and income tax rate thresholds until April 2028. offers James.

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Digital healthcare… enhancing employee wellness at every age

Employee Benefits

The UK government plans to increase the retirement age from 66 to 67 by 2028 and 68 by 2044, with experts believing it may eventually rise to 71 (Workplace Wellbeing Professional). Whilst employees can still choose to retire early, if they have the means, they won’t be able to access their government pension till much later.