Minimum contributions to increase from 6 April 2019 For defined contribution (DC) pension schemes being used to meet an employer’s automatic enrolment requirements, both minimum employer and overall contribution rates are set to rise from 6 April 2019. This is the second successive annual increase in minimum contributions and the last one which is currently scheduled to take place under … Read More
Helping your employees feel valued Group medical insurance is a widely regarded as one of the most popular and certainly highly valued employee benefits available. When you’re looking to start an employee benefits package, private health insurance should be one of first things you consider.
A valuable benefit in a time of need When you think of exciting employee benefits or employee reward packages, group life assurance is most likely not at the top of the list. Whilst a company car or private medical insurance may seem more attractive, a group life assurance scheme will be more affordable and a more valuable benefit in a … Read More
Only 40% of employees appreciate their workplace benefits “Someone is sitting in the shade today, because someone else planted a tree a long time ago.” Warren Buffet
New research from Reed shows that employees value their pension benefits very higly. Their survey also showed that 55% of employees who took part said that “a workplace pension that will provide them with a comfortable retirement income” was a key reason to stay with their current employer. Providing for a comfortable retirement income Other than a ‘Final Salary’ pension … Read More
On 8 March 2017, Chancellor Philip Hammond delivered his Spring Budget 2017 speech. Below is a round-up of the key announcements that have a bearing on employee benefits: The government’s tax-free childcare policy, which provides parents with children under the age of 12 up to £2,000 a year per child to help towards childcare costs, will be rolled out from April … Read More
The government has decided to scrap the 25% charge on the lifetime ISA for the 2017/18 tax year. The lifetime ISA is set to launch in April 2017 for under 40s and it will provide investors with a 25% government bonus on savings up to £4,000. Those who access savings held in a lifetime ISA for any reason other than … Read More