Remove Employee Benefits Remove Pension Benefit Remove Taxes
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5 steps to help employees engage with their pensions

Employee Benefits

Whilst reducing contributions now would make relatively small savings each month, the impact on retirement savings in later life will be dramatic, due to lost employer contributions and tax relief.” It’s therefore more important than ever to ensure employees are engaged with their pensions.

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Do employees really need to be concerned about the Lifetime Allowance right now?

Employee Benefits

Also, many employees in defined benefit (DB) pension schemes are unaware that their pension is valued at twenty times their annual pension for LTA purposes, and so an annual pension of £30,000 has a value of £600,000 for the purpose of testing it against the LTA. appeared first on Employee Benefits.

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HIVE360’s employee benefits and rewards app, Engage

Employee Benefits

It is leading the way in innovating employer engagement via its suite of employee benefits that match individual business requirements with a tailored, personal solution, to provide a ‘bridge’ between an employer and its workforce with pioneering technology-based solutions. For more information: www.hive360.com

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What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

Employers will need to review policies for employees who previously opted out of the pension scheme because they may have been close to the lifetime allowance. Two new limits will be introduced in April to control tax relief on pension lump sums. Some employers offered a cash benefit instead of a pension contribution.

Pension 59
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Audrey Williams: How can EU equal pay regulation benefit UK workers?

Employee Benefits

There is the potential for a tribunal to award up to six years back pay, plus interest; an award may also result in liabilities for pay-as-you-earn (PAYE) and pension benefits or pension loss. Audrey Williams is an employment partner at Keystone Law The post Audrey Williams: How can EU equal pay regulation benefit UK workers?

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Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Employers who stay out of giving retirement benefits misses the real talent and suitable candidates. 60% of people would instead opt for a job with lower pay but excellent retirement benefits. All they need is the right employee benefits and good perks at work, which will automatically earn talent.

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Mark Ormston: Is the scrapping of the lifetime allowance a disappearing act or just an illusion? 

Employee Benefits

Much like a classic transformation trick, LTA is disappearing but enter stage left, the lump sum allowance, and the lump sum and death benefit allowance. The lump sum allowance is a cumulative limit of £268,275 on the tax-free elements of someone’s pension benefits. appeared first on Employee Benefits.

Pension 59