All articles by Tynan Barton – Page 22
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ArticlePenny Cogher: How will the pensions lifetime allowance freeze affect staff retirement plans?
While freezing the lifetime allowance at £1,073,100 until 2026 allows the Treasury to kick pension tax reform down the road, employers need to manage the retirement expectations of mainly their higher earners and executives. However this may also impact on those on a more modest salary if they have defined ...
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ArticleDaniela Silcock: How will the pensions lifetime allowance freeze affect staff retirement plans?
The 2021 Budget announced the freezing of the pensions lifetime allowance at its current level of £1,073,100 for the next five years as a way of reducing tax relief. This means that those with pension savings or entitlement above this level will need to pay additional taxes of 25% in ...
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ArticleNigel Peaple: How will the pensions lifetime allowance freeze affect staff retirement plans?
Despite widespread speculation that the level of support the Treasury provides pension savers through tax relief on contributions could be cut in this year’s Budget, Chancellor Rishi Sunak saw fit to spare pension savers from drastic changes on 3 March.This is fortunate, because in our assessment such a move would ...
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ArticleLucy Dunbar: How will the pensions lifetime allowance freeze affect staff retirement plans?
The freezing of the pensions lifetime allowance may seem like a problem that would be nice to have. For most, the problem will be whether they can afford to save enough to enable retirement, not whether they will be able to retire with a certain level of income or lifestyle. ...
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OpinionEmma Mamo: Employee mental health has never been of more importance for employers
As we pass a year since the initial lockdown, it’s a good time for employers to reflect on staff wellbeing and the support offered by their organisations. This time last year, many of us found ourselves hastily packing up our things in the office and began working from home for ...
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ArticleSickness absence rates at record low
Employees took fewer days off because of illness last year than at any time since records began, according to the latest data from the Office for National Statistics (ONS), published 3 March.While the Covid-19 (Coronavirus) itself may have led to additional sickness absence, measures such as furlough, social distancing, shielding ...
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Case StudiesThe benefits offered by Avison Young
The benefits offered by Avison YoungPension A group personal pension (GPP) for all employeesHealthcare and group riskPrivate medical insurance: employer funded as a core benefit dependent on job grade, all employees are able to buy through the flexible benefits scheme.Group income protection: employer funded for all employees.Dental insurance: Available to ...
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Case StudiesAvison Young ensures its reward strategy is agile and people centric with a flexible offering
Avison Young recognises the importance of providing a reward strategy that, while supporting its overall business strategy, absolutely has its employees at the centre. The philosophy behind the property organisation’s reward strategy is that it provides benefits that align with the needs of its employees and upholds its talent management ...
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ArticleHMRC taskforce created to investigate furlough fraud among employers
Budget 2021: Chancellor of the Exchequer Rishi Sunak has announced the creation of a ‘taskforce’ to tackle fraud within the furlough scheme.Sunak revealed a £100 million investment in the HM Revenues and Customs' (HMRC) Taxpayer Protection Taskforce to crack down on those who defraud Covid-19 (Coronavirus) government support initiatives, including ...
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ArticleGovernment retains income tax exemptions for employees' Covid-19 tests
Budget 2021: Chancellor of the Exchequer Rishi Sunak has announced that the income tax exemptions for Covid-19 tests and home office expenses will be extended.In his Budget 2021, Sunak announced that the tax exemption and national insurance contributions (NICs) disregard for Covid-19 (Coronavirus) antigen tests provided by, or reimbursed by, ...
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ArticleSick pay rebate scheme to continue for SMEs
Budget 2021: Delivering his Budget to the House of Commons, Chancellor of the Exchequer Rishi Sunak has confirmed that the statutory sick pay (SSP) rebate scheme for small and medium-sized enterprises (SMEs) will remain in place.The scheme, which was announced at last year’s March Budget, allows SME employers to claim ...
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ArticleFuel duty frozen for eleventh year
Budget 2021: In his Budget 2021 speech, Chancellor of the Exchequer Rishi Sunak announced a freeze on fuel duty rates for the eleventh year running.Addressing the House of Commons, Sunak announced that fuel duty will remain frozen at 57.95p per litre for both petrol and diesel.Sunak also announced that fuel ...
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OpinionRandall Peterson: Remote working has changed the rules of motivating employees
Think back to a time not so long ago when working from home felt like a real privilege. If an employee had the right type of job, and the trust of the boss, they were granted the opportunity. The great 2020 pandemic changed all of that and employers the world ...
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OpinionDr Carolyn Axtell: Remote working requires regular wellbeing conversations
As a result of restrictions during the pandemic, more people are working from home and are using online meeting platforms to collaborate with others. There are some efficiencies and benefits related to this way of working as people don’t have to travel between meeting rooms and can flip from meeting ...
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OpinionKatharine Moxham: The group risk market has risen to the challenges brought by Covid-19
The Covid-19 (Coronavirus) pandemic really has brought our human frailty to the fore. Both employers and their people have realised that during their working life there’s a real chance of dying, being extremely ill or being left with a lasting health condition as a result of contracting Coronavirus. The group ...
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Case Studies
Infographic: The impact of the pandemic on the group risk market
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OpinionPaul Hollick: The future of company cars is electric
There’s something that sounds like a common-sense argument about perk cars being made in some quarters during the pandemic. It says that people currently working from home who never really needed a company car for their job won’t want to pay tax on that vehicle and are pushing for a ...
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OpinionDr Rea Prouska: How can employers meet staff benefits needs in the current environment?
The current Covid-19 (Coronavirus) and Brexit crises are creating multiple challenges for employers. While business survival takes precedence in employer agendas, there are crucial employee consequences that also need to be addressed. These include the impact of adverse working conditions on employee motivation, job satisfaction, performance, productivity and on ...
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Article
Poll: Has your organisation implemented pay cuts as a result of the pandemic?
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Poll: Has your organisation implemented pay cuts as a result of the pandemic?
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