Even more reasons why employers should consider salary sacrifice for pension schemes post-budget changes. No matter the size of your company
Even More Reasons Why Employers Should Consider Salary Sacrifice for Pension Schemes Post-Budget Changes No matter the size of your company, the recent budget has introduced significant changes to National Insurance (NI) contributions and thresholds, making salary sacrifice schemes more attractive for employers and employees. Salary sacrifice is an arrangement where an employee agrees to […]
Understanding the 60% Tax Trap: What it is and How to Mitigate it
If you earn between £100,000 and £125,140 a year, you might be caught in what’s known as the 60% tax trap. This is a quirk in the UK tax system that can significantly reduce the value of your earnings. Here’s how it works and, most importantly, what you can do to mitigate it. What is […]
Closing the Gender Pension Gap: Insights from the 2024 Scottish Widows Women and Retirement Report
Closing the Gender Pension Gap: Insights from the 2024 Scottish Widows Women and Retirement Report The 2024 Women and Retirement Report from Scottish Widows highlights both progress and ongoing challenges in addressing the gender pension gap. This annual report, now in its 20th edition, provides a comprehensive look at the financial realities faced by women […]
Beware of Pension Scams: How to Protect Your Retirement Savings
In recent years, pension scams have been on the rise, and they’re becoming alarmingly sophisticated. With more people planning for retirement and seeking ways to grow or access their pension funds, scammers are taking advantage of this vulnerability. The rise in scams can lead to devastating financial losses, robbing you of the retirement security you’ve […]
Removing the need to report benefits on P11D forms: What Employers Need to Know for April 2026
As an employer, staying ahead of regulatory changes is essential for maintaining compliance and ensuring smooth operations. One such significant change on the horizon is the removal of the need to report benefits on P11D forms, set to take effect from April 2026. This shift marks a major overhaul in how benefits and expenses are […]
How employers can provide support Men’s Health
During the month of June Men’s Health Week has taken place, which gives us an opportunity to focus on the unique health challenges men face. Men’s Health Week encourages awareness, early detection, and treatment of health issues while promoting a well-rounded approach to wellness. Employers can play a crucial role by supporting the health and […]
Should an Automatic Enrolment Pension Scheme with Minimum Government Contributions be called an Employee Benefit?
I have recently read HR articles discussing whether a pension scheme with government minimum pension contributions should really be called an Employee Benefit or is it just a company meeting its legal requirement? In my view, in today’s economic landscape where financial security during retirement is a growing concern, automatic enrolment pension schemes are the […]
Meeting the Needs of your Workforce
New research undertaken by ‘My Pension Expert’ which surveyed 2,000 UK adults, indicates that 73% of respondents believe the minimum workplace contribution for employers should be raised. However, more than half of workers, 52%, admit to not doing any more pension planning beyond enrolling. The results from the research are very clear in the employers […]
Pension Warning for Women
Headline New – Pension Warning as women need to work an extra 19 years to close the pension gap as pension funds fall short by £136K You may have seen the headlines in the papers and on the radio. Research by Now Pensions and Pension Policy Institute (PPI) reveals the true extend of the issues […]
Time to Talk Day 2024: Let’s Chat About Mental Health at Work
As we get ready to say goodbye to January, there’s something important coming up on the 1st February. ‘Time to Talk Day’ is a day dedicated to breaking the silence around mental health, and this year, individuals and organisations around the world will come together to encourage open conversations and promoting support networks. Now, let’s […]
