Remove Deductions Remove Pension Remove Retail
article thumbnail

The Impact of Indexing: 13 Real World Examples

Money Talk

For example, the Consumer Price Index (CPI) measures changes paid by consumers for frequently-purchased retail goods and services. Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans.

401(k) 232
article thumbnail

Make the Most of Free Money

Money Talk

Retail Rewards - Loyalty programs are common among retailers and restaurants and shoppers can earn points that convert to cash-off or free meals. Tax Refund Adjustments - Sometimes people miss a tax credit, deduction, or adjustment and need to file an amended tax return. The IRS views these rewards as discounts and not income.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oxford University Hospitals deploys multiple methods to communicate financial support

Employee Benefits

It offers financial wellbeing support , provided by Salary Finance, such as lower interest and higher acceptance rate loans, and a help-to-save scheme that deducts savings from salaries each month, and has launched a dedicated intranet site for its cost-of-living support.

article thumbnail

Post-Pandemic Financial Recovery Steps

Money Talk

People with secure jobs or pensions and decreased expenses and spending opportunities saved more and/or reduced debt. Another great way to build savings momentum is to automate savings through an employer retirement savings plan or automatic payroll deductions for a credit union savings account. It was a tsunami that swept up everyone.

401(k) 100
article thumbnail

Richard Branson: Prepare for proposed increases to national minimum wage

Employee Benefits

If implemented, this will represent a nearly 40% increase for those between the ages of 18 and 20, and severely impact the hospitality and retail sectors, where a large portion of the workforce is aged under 21. In return, the employer pays in each employee’s total pension contributions.

Pension 59
article thumbnail

Standard Chartered Bank and Lidl GB shortlisted for Best voluntary benefits

Employee Benefits

We’re doing a lot for our student employees in terms of cost-of-living benefits, including opening up [the] Isa for pensions contributions for them. A University of Lincoln spokesperson said: “We are proud of the financial benefits we’ve been offering, they’ve been a real key focus for us.

article thumbnail

The benefits offered by FitFlop

Employee Benefits

Benefits on offer at FitFlop in the UK: Pension Group personal pension (GPP) plan offered via salary sacrifice arrangement for all employees, with 4.5% Employees can choose to fund the other benefit on a voluntary basis through deductions from pay. contributions from both employee and employer. Health cash plan, employee paid.

Pension 59