Remove Pension Remove Take Home Pay Remove Work From Home
article thumbnail

How to improve and handle your finances in 2022

cipHR

This, for example, means an individual earning £30,000, with a net take home pay of £23,112, will see this take-home figure decrease by £255. . It is crucial to build healthy financial habits that will help minimise the impact once the NI hike takes place this year. Hunt down lost pension pots.

Finance 98
article thumbnail

Top 5 reasons to check your payslip

cipHR

Tax codes can, and do, change, particularly if there’s been a change of personal circumstances, such as people getting married, claiming taxable state benefits, or working from home. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

What are the pros and cons of digital self-service pay systems?

Employee Benefits

Working from home so much over the last two years has made this more and more relevant.”. Software can allow employees to model the impact on their take-home pay of opting into certain benefits, for example, or changing their pension contribution. Better experience.

Payroll 105
article thumbnail

How employee benefits offer value for money

Workplace Insight

Your business fronts the cost of leasing an electric car, and the employee pays you back over a set period of time. Workplace Pensions A great way to boost your employees pension pots! By opting to contribute a portion of their pre-tax salary into their pension, they can enjoy immediate tax and National Insurance savings.