Employee Benefits

AUGUST 7, 2024

Credit: Hyejin Kang/Shutterstock Need to know: Employers should start planning now for the P11D changes to the reporting and paying of tax and Class 1A national insurance contributions (NICs) on benefits in kind, to ensure a smooth transition to the new system in April 2026.

Payroll System 59

Payroll System Taxes Payroll Take Home Pay 59

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. In this blog, we will discuss tax free or non taxable employee benefits.

Employee Benefits 40

Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Benefit Resource Inc.

NOVEMBER 19, 2019

This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses. Types of expenses the FSA can pay for include co-pays, deductibles, and even some vision and dental expenses.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

NOVEMBER 19, 2019

This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses. Types of expenses the FSA can pay for include co-pays, deductibles, and even some vision and dental expenses.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Insperity

NOVEMBER 30, 2011

Have HR personnel explain how elective benefits would impact a worker’s take-home pay. Some employees may not be taking advantage of the college savings plan because they don’t understand how to enroll or what limitations, if any, the plan imposes on participants.

Benefits Package 40

Benefits Package Take Home Pay Utilities Health Insurance 40

cipHR

APRIL 22, 2022

From 6 April 2022 , the rise in national insurance (NI) contributions means the average worker will see their take-home pay fall by around £250 each year. However, employees may be able to minimise these losses by paying for some items before they are taxed. Health and wellbeing services.

Pension 40

Pension Employment Salary Finance 40

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. This can help employees see things they may not consider when they think of just take-home pay.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Flimp Communications

OCTOBER 30, 2024

Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds. Higher HSA enrollment and usage can take a bite out of your company’s FICA taxes. And by investing your HSA, you can actually make money tax-free.

Deductions 52

Deductions Deductible Taxes Flexible Spending Account 52

Workplace Insight

JANUARY 27, 2025

Whether its leveraging tax-efficient Salary Sacrifice schemes or taking a more holistic approach such as flexible working, its definitely possible to offer great benefits while boosting your bottom line. Benefits such as Corporate Health Cash Plans are an affordable way for you to help with your employees routine medical costs.

Employee Benefits 52

Employee Benefits Pension Take Home Pay Salary 52

Empuls

APRIL 4, 2025

Unlike perks, traditional benefits like health insurance, retirement plans, and paid family medical leave aren't just nice-to-haves—they're often legally required depending on the company's size and location.  Here are some innovative perks that are redefining what it means to work in a great place:  1.

Retirement Plan 52

Retirement Plan Health Insurance Taxes Insurance 52

Best Money Moves

MARCH 19, 2020

Next, list your monthly expenses, including your rent or mortgage payments, utilities, groceries, pharmaceutical or medical needs, child care costs, home or auto maintenance, debt payments and insurance premiums, and anything else you regularly pay for, including expenses you might only pay annually.

Health Insurance 85

Health Insurance Pharmaceutical Government Utilities 85

Flimp Communications

MARCH 11, 2025

You understand the triple-tax-advantaged, money-saving, long-term-investment potential of an HSA. After all, both can be used to cover health-related expenses and can be funded with pre-tax dollars. Secondly, tax-free HSA funds can be used to pay out-of-pocket healthcare costs, including doctor visits, medications, and testing.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52