Employee Benefits

JULY 22, 2024

Reeves will additionally work with Jim McMahon, minister of state at Ministry of Housing, Communities and Local Government, on the investment potential of the £360 billion Local Government Pensions Scheme, which manages the savings of those working to deliver local services, as well as how to tackle the £2 billion spent on fees.

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Employee Benefits

NOVEMBER 9, 2023

The government is to legislate to retain rolled-up holiday pay for irregular hours, zero hours and part-year workers and set out that it must be calculated based on total earnings in the pay period. The post Government to legislate to retain rolled-up holiday pay appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government has reduced the threshold at which the 45% rate of income tax becomes payable, from £150,000 to £125,140. In September, then Chancellor Kwasi Kwarteng told the House of Commons in his mini budget statement that the 45% income tax rate would be replaced with a 40% rate from April 2023.

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Government Taxes Employee Benefits 59

PeopleKeep

JULY 6, 2022

If you have remote employees in other states than where your organization is located, taxes can be challenging. According to McKinsey’s 1 2022 American Opportunity Survey, 58% of employees work from home at least once a week, while 35% work remotely full-time. Learn more about employee perk stipends.

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Taxes Work From Home Government Technology 97

Employee Benefits

DECEMBER 6, 2022

The UK government has committed to introducing secondary legislation entitling employees to the ability to request flexible working from the first day of their employment. The post Government commits to making flexible working day one right appeared first on Employee Benefits.

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Government Consulting Employment Employee Benefits 105

Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government has agreed to raise the national living wage by 9.7% for 2023, representing a pay rise of more than £1,600 for the average full-time employee. for 2023, representing a pay rise of more than £1,600 for the average full-time employee. for 2023 appeared first on Employee Benefits.

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HR Digest

MAY 21, 2023

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2. Payroll taxes 2.

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Benefits Package 401(k) Employee Benefits Disability Insurance 105

Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.

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Employee Benefits

APRIL 11, 2024

The post Government launches new disability guide with CIPD appeared first on Employee Benefits.

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Government Pension Recruitment Employment 96

Money Talk

APRIL 6, 2023

At the 2022 Retirement Summit sponsored by the Employee Benefit Research Institute (EBRI), there were four main topics: improving individuals’ access to retirement savings plans, reducing plan leakage (i.e., doing nothing) is a cadre of destitute older people falling back on limited government resources. The alternative (i.e.,

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401(k) Retirement Plan Finance Government 245

Employee Benefits

MARCH 15, 2023

Spring Budget 2023: In addition to introducing support for disabled people and those unable to work due to long-term sickness absence, Chancellor of the Exchequer Jeremy Hunt has pledged government support for those forced to leave work due to mental health and musculoskeletal issues.

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McDermott Will & Emery Employee Benefits

SEPTEMBER 8, 2022

The post Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets appeared first on EMPLOYEE BENEFITS BLOG. The bill is intended to establish some legal clarity for regulators and the industry and to protect consumers […].

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Taxes Employee Benefits Retirement Plan Commissions 98

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. (

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401(k) Employee Benefits roth 401(k) Disability Insurance 98

HR Lineup

FEBRUARY 2, 2024

This practice is prevalent in many organizations worldwide, serving as a valuable component of employee welfare. In this comprehensive guide, we will delve into the intricacies of leave encashment, exploring the calculation methods, taxation implications, and the rules governing this employment benefit. What is Leave Encashment?

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Taxes Government Salary Deductible 130

WEX Inc.

FEBRUARY 12, 2025

elections potentially leading to significant shifts in employment laws and employee benefits, its crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration.

Healthcare 52

Healthcare Health Insurance Taxes Paid Leave 52

Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. This means that a person on the average wage now has the lowest effective personal tax rate since 1975. But as always, the devil is in the detail. a month and £125.60 respectively.

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Insurance Taxes Government Salary 111

Employee Benefits

OCTOBER 17, 2023

Credit: Just Jus / Shutterstock.com Xtrac, a supplier of high-performance transmissions for motorsport and high-performance automotive applications, has expanded its range of employee benefits by introducing an electric vehicle salary sacrifice scheme.

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Salary Taxes Government Insurance 116

Employee Benefits

JULY 10, 2024

Employer-funded healthcare trusts are an established, tax-efficient way to deliver the benefit of medical treatment to employees without having to buy employer-paid health insurance. The trust needs an administrator to arrange the provision of treatment benefits. appeared first on Employee Benefits.

Healthcare 109

Healthcare Employment Taxes Insurance 109

Employee Benefits

NOVEMBER 22, 2023

The government is to take steps to reform the fit note process to support more people to resume work after a period of illness. Workplace health and wellbeing must be at the centre of any government response to the long-term sickness crisis. “We This is designed to combat the fact that there are now 2.6

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Employee Benefits

MARCH 16, 2023

appeared first on Employee Benefits.

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Pension Taxes Government Payroll 103

Employee Benefits

MAY 16, 2023

Need to know: Employees are set to struggle with juggling work and childcare as the annual school summer holidays approach. Employers can help by offering flexible work arrangements, discounted leisure and dining vouchers, and signposting staff to government support. Government-supported childcare schemes can also help.

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Employee Benefits

MARCH 15, 2023

Spring Budget 2023: In his Budget address to the House of Commons today (15 March 2023), Chancellor of the Exchequer Jeremy Hunt addressed the issue of unpredictable pension tax charges causing employees to leave work, particularly within the NHS. No one should be pushed out of the workforce for tax reasons.”

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HR Lineup

FEBRUARY 22, 2023

The platform helps businesses manage employee data, automate HR processes, and ensure compliance with government regulations. One of the key features of Zelt is its ability to manage employee data. In addition to payroll management, Zelt also helps businesses manage benefits administration.

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Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living. Following a review, the government will also maintain the difference between road fuel gas and diesel duty rates until 2032.

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Employee Benefits

FEBRUARY 21, 2024

Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028. Until the 2022/23 tax year, governments have normally increased the tax and NIC thresholds annually.

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Employee Benefits

JULY 12, 2024

The last time the UK moved to a Labour government after a period of Conservative rule, I was still at school and remember teachers trying to explain the significance of the result and what it would mean going forward. Understandably, over the past week, attention has turned to examining what the change in government means for the nation.

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Employee Benefits

JULY 3, 2023

Share incentive plans (Sips) were introduced in the UK in 2000 as a type of employee share scheme aimed at helping employees, who can purchase shares or be awarded free shares in the company, to save in a tax-efficient way. Free shares must be withdrawn from the Sip once the employee leaves the company.

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Employee Benefits

MARCH 27, 2023

The pension freedoms give employees aged 55 or over the option to take their retirement savings from their GPP in any way they choose. They can access a cash lump sum; usually the first 25% of each cash withdrawal from the pot will be tax-free. The rest will be taxed. What are the tax issues?

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Pension Taxes Government Salary 111

Employee Benefits

JULY 21, 2023

This will feature guidance, an option to pursue accreditation, and additional government support services, such as outreach workers to support SMEs to meet the standards. Mel Stride MP, secretary of state for work and pensions, said: “This government is investing billions in getting people back to work and growing the economy.

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Employee Benefits

JANUARY 24, 2023

The government has published its response to the Women and Equalities Committee’s report on menopause and the workplace , which included recommendations regarding a dedicated menopause leave pilot. However, the government stated that it has accepted, partly accepted or accepted in principle six of the recommendations.

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HR Digest

MARCH 15, 2025

Weve watched the buzz around the “No Tax on Overtime Bill” grow louder in 2025. The question on everyones mind is: When does the No Tax on Overtime Bill pass in 2025? The question on everyones mind is: When does the No Tax on Overtime Bill pass in 2025? No catch, its free from federal income tax.

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HR Lineup

JANUARY 24, 2024

Proof of Investment (POI) submission is a crucial aspect of managing employee benefits and financial transactions within an organization. Employers often require their employees to submit POI for a variety of reasons, including compliance with regulatory requirements, facilitating tax reporting, and managing employee benefit programs.

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Employee Benefits

NOVEMBER 2, 2023

The number of employees benefitting from health insurance increased by 8% from four million in 2021 to 4.4 According to the ABI, it will call on the government ahead of this month’s Autumn Statement to cut the rate of insurance premium tax on health insurance to allow more employers and individuals to access it.

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Employee Benefits

JUNE 6, 2023

The government has launched a consultation on non-discretionary tax-advantaged employee share schemes , including sharesave schemes and share incentive plans (Sips) as part of its aim to improve and increase their usage. The post Government launches consultation on employee share schemes appeared first on Employee Benefits.

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Employee Benefits

MARCH 27, 2023

The UK government has implemented legislation designed to protect seafarers from receiving pay levels below the national minimum wage. This was introduced as part of the government’s nine-point plan to boost rights and working conditions for sea workers. Those who fail to comply will be refused harbour access.

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Government Transportation Consulting Employee Benefits 59

Employee Benefits

MARCH 10, 2022

The UK government is piloting an initiative whereby participating employers will be asked to include salaries in job adverts in an attempt to reduce the gender pay gap. The government has acknowledged that it can sometimes be challenging to include pay information on job adverts, as some employers do not have agreed pay scales.

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HR Lineup

MARCH 29, 2024

Benefits: These encompass various perks and protections offered to employees, including health insurance , retirement plans, paid time off, and other fringe benefits. Overhead Costs: Indirect expenses associated with maintaining the workplace, such as rent, utilities, maintenance, and property taxes.

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