Employee Benefits

JULY 25, 2023

Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.

Pension 96

Pension Net Pay Taxes Salary 96

Employee Benefits

SEPTEMBER 14, 2023

However, many don’t realise the significant difference a small increase to their pension savings can make. For example, someone in their 20s, saving an extra 1% a year with their employer matching this, may be able to increase their pension pot in retirement by 25%. They are all 25 years old and plan to retire at age 68.

Pension 64

Pension Take Home Pay Salary Taxes 64

Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage. Two years paid at half salary at time of acceptance. Age limits are 16 to state pension age.

Pension 105

Pension Bonuses Voluntary Benefits Retail 105

cipHR

NOVEMBER 15, 2021

As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. This means people can earn £12,500 tax-free, and only start paying tax on income over that amount.

Pension 98

Pension Gross Pay Payroll Deductions 98

Employee Benefits

MARCH 5, 2024

The retailer has additionally increased minimum pay rates , which will rise to £11.50 Over the past three years, Currys has increased its minimum hourly pay by 29%. This increase in take-home pay will mean that the annual earnings of an employee who works 20 hours a week will have risen by nearly £2,700 over the three-year period.

Salary 59

Salary Take Home Pay Retail Bonuses 59

Employee Benefits

JULY 6, 2023

You’ve got a company pension scheme in place, so what would prompt you to change it? However, there’s a strong reason to do so: your business and employees may be at risk if you don’t take action. Additionally, shifting to a modern digital pension provider is surprisingly straightforward.

Pension 52

Pension Salary IT Take Home Pay 52

Employee Benefits

SEPTEMBER 6, 2023

Colleagues can access information about everything on offer, as well as self-serve additional salary sacrifice options such as additional pension contributions, family private medical insurance, holiday purchase and cycle to work, and instantly see how this will impact their take home pay.

Technology 59

Technology Take Home Pay Pension Finance 59