All articles by Employee Benefits – Page 127
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An increase in IPT should not see a flood of changes
Simon Crewe – Consultant, Xerox HR ServicesThe last winter was one of the warmest and wettest on record. News reports of floods appeared all too often on our television screens. The good news is the government intends to increase spending on flood defences, but it has no intention of paying ...
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BHSF appoints senior medical advisor
Occupational health provider, BHSF OH, has consolidated its recent growth with the appointment of senior medical advisor, Dr Sumra Dar, who completes the firm’s eight-strong senior management team.This latest announcement follows a breakthrough year for BHSF OH, during which the provider has achieved nationwide coverage through a series of strategic ...
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Childcare Vouchers EAT decision
As we have stated many times on this blog, the cost of childcare is a major barrier to work for many parents. And this in turn has implications for employers also. For more on these assertions please see this post.Given the above, it is really important that employers do all ...
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2016 March Budget (4): Childcare
There was another item of importance to Employee Benefit provision tucked away in the Budget 2016 document, and it relates to the long-running theme of Childcare Vouchers and their proposed replacement Tax Free Childcare.The document text of importance here is this:“From early 2017, the government is introducing Tax-Free Childcare to ...
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2016 March Budget (3): Salary Sacrifice
Although not specifically mentioned in the Chancellors Budget speech, the supporting document does include this text:“Salary sacrifice arrangements enable employees to give up salary in return for benefits-in-kind that are often subject to more favourable tax treatment than salary. The government wants to encourage employers to offer certain benefits but ...
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2016 March Budget (2): Increase to IPT
In the Budget speech the Chancellor confirmed that there will be a further increase to Insurance Premium Tax (IPT). IPT will increase from 9.5% to 10%.This has implications for many personal and corporate insurances, and from an employee benefits perspective particularly for healthcare insurances.Many will recall that IPT increased significantly ...
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2016 March Budget (1): Lifetime ISA announced
The Chancellor has now given his 2016 Budget speech – and once again there appears to be a major surprise for employee benefits and workplace savings.The supporting Budget document includes the following: “Launching a new flexible Lifetime ISA for under 40s in which people can save up to £4,000 each ...
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Budget 2016: The sweet (not sugary) taste of stability?
When the Treasury stated it would not be making wholesale changes to the taxation of pension schemes in the run up to this year’s Budget, this was warmly welcomed, but also prompted speculation on what the Chancellor would do instead.The good news is that for an industry all too used ...
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BHSF welcomes non-executive director
BHSF Group Limited, the Birmingham-based not-for-profit healthcare insurer and employee benefits provider, has announced the appointment of Gary Cowdrill, Managing Director of Solihull-based Board Evaluation Limited, as a non-executive director.A Chartered accountant and former Group Finance Director of the West Bromwich Building Society, Gary has had wide experience in the ...
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Increase in employers enquiring about imminent changes to pensions tax rules
The imminent changes to pensions tax rules for the Annual Allowance and the Lifetime Allowance has led to a significant increase in enquiries from employers on how this is going to affect their employees, says Jelf Employee Benefits. While the latest thinking is that there may not be any further ...
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Budget Commentary 2016 – ‘the drift from pensions to ISAs in the workplace’
The Chancellor of the Exchequer, George Osborne, has today delivered this year’s Budget Report.There was much media hype ahead of the annual Budget Report over plans to drastically change the pension tax relief system. The proposals were abandoned after a report from a Government source that ‘now isn’t the right ...
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Healthy eating at work
A study by the International Labour Office says that workplace nutrition has an affect on employees’ health and productivity.The study is the first to investigate workplace eating habits worldwide, and states that healthy eating in the workplace can increase productivity at work.Encouraging healthy eating habits in your staff is a ...
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Jelf Employment Seminars at Chester Zoo
Now in their 6th consecutive year, the fun and informative Jelf Employment Seminars are returning to North West England. And once again we have sought out expert educators to help employers better understand and manage their day to day business challenges.Our three well-known, entertaining, and knowledgeable speakers will be covering ...
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Time for another Budget…
After what amounted to three Budget statements last year, 2016 looks set to return to the more usual format of two, with the first issued on 16March.So what should we expect for the world of employee benefits?As we have previously reported, the proposed changes to pension tax relief have apparently ...
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Employers unprepared for impact of likely changes in pensions tax relief
With just two weeks until the Chancellor’s 2016 Budget statement, research carried out by Jelf Employee benefits has established that 3 in 4 employers (76%) have yet to inform their employees of the possibly seismic changes to the existing system of pensions tax reliefs.In July 2015 George Osborne announced a ...
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10 things employees should consider when deciding whether to transfer a pension
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice, covers 10 things employees should consider before transferring from a defined benefit to a defined contribution pension scheme.The pension changes for defined contribution (DC) schemes that came into force in ...
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Financial futures: budget pension changes part two?
At the moment pension savers generally get tax relief at the rate which they pay income tax – 20, 40 and 45 per cent – and only pay tax when they withdraw money.However, with people living longer and the changing nature of pension provision, the government announced that it wants ...
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Burnett: what needs to happen for value to start performing again?
Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more.In the video, Rob discusses:How low inflation and loose monetary policy since ...
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Put employees to the test with new SAS-style team building
Ant Middleton, star of Channel 4’s hit SAS show Who Dares Wins, is using his Special Forces skills to motivate, bond teams, and help people achieve goals by taking his coaching skills to the workplace with an SAS style package.Incentive and reward experts, Red Letter Days for Business, has partnered ...
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Encouraging your employees to quit smoking
Wednesday 9March marks national No Smoking Day 2016. Are you doing anything to promote it? Nearly 10 years after the smoking ban was first introduced in England and Wales, do you still see employees’ smoking habits as your concern – or is it more ‘out of sight out of mind’?I ...