All Employee Benefits articles in Web Issue – Page 1002
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Supplier article
Research: one in seven employees will have a serious absence this year
Research commissioned by Ellipse in October 2016 has found that one in seven employees have been absent from work for four weeks or more in the last year. This challenges previously published government statistics (one in 18) and suggests that the risk of long-term absence is now higher than previously ...
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ArticleTax-free childcare to be rolled out from April 2017
Spring Budget 2017: The government's tax-free childcare scheme will be rolled out from April 2017.In his Spring Budget 2017 speech, Chancellor Philip Hammond confirmed that the scheme will be introduced next month and that all eligible parents will be brought into the scheme by the end of the year.The government’s ...
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ArticleGovernment to monitor national insurance employment allowance
Spring Budget 2017: The government has announced that national insurance (NI) employment allowance is being actively monitored by HM Revenue and Customs (HMRC).Chancellor Philip Hammond announced the move in the Spring Budget 2017, following reports of some organisations using schemes to avoid paying the correct NI contributions.If avoidance continues, the ...
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ArticleMaster trust tax registration process to be aligned to regulator's regime
Spring Budget 2017: The tax registration process for master trust pension schemes will be amended to align with the Pensions Regulator’s (TPR) authorisation and supervision regime.The changes to the registration process were announced in the Spring Budget 2017 policy paper. The alignment aims to increase consumer protection and improve compliance.Under ...
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ArticleGovernment to publish call for evidence on employee expenses
Spring Budget 2017: The government is to publish a call for evidence to better understand the use of income tax relief for employees’ expenses.The call for evidence, which was first announced in the Autumn Statement 2016, was reiterated in the Spring Budget 2017 policy paper.The call for evidence will also ...
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ArticleGovernment confirms reduction in money purchase annual allowance
Spring Budget 2016: The government has confirmed that the money purchase annual allowance (MPAA) will reduce to £4,000 from £10,000 in April 2017.The reduction was first announced by Chancellor Philip Hammond at the Autumn Statement in November 2016.The money purchase annual allowance applies to those who have accessed their pension ...
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Article9: ppl move: McDonald’s promotes McGregor
McDonald’s Restaurants has promoted Angela McGregor to reward manager.Previously, McGregor worked as senior benefits and compensation consultant at McDonald’s Restaurants. She has experience in performance management, employee benefits and deferred compensation.
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ArticleGovernment to call for evidence on taxation of benefits in kind
Spring Budget 2017: The government is to publish a call for evidence on exemptions and valuation methodology for the income tax and employer national insurance contribution (NIC) treatment of benefits in kind.The government announced its intention to call for evidence on this issue in the Autumn Statement 2016, and reconfirmed ...
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ArticleGovernment to consult on accommodation benefits
Spring Budget 2017: The government is to consult on proposals to bring the tax treatment of employer-provided accommodation, board and lodgings up to date.The consultation was announced in the Autumn Statement in November 2016 and confirmed in the Spring Budget 2017 policy paper.The consultation will include proposals that consider when ...
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Supplier article
Stand up and celebrate International Women’s Day
by Glenn Elliott, CEO and founder, Reward Gateway It’s International Women’s Day today and at Reward Gateway, we’re marking it with the publication of our second diversity report and a whole programme of events.Our diversity stats show that 50% of our workforce is female. Of that, 48% of leadership and ...
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Supplier article
Reward Gateway encourages female staff to take afternoon off for International Women’s Day
Employee engagement company Reward Gateway is supporting International Women’s Day by encouraging all female staff to take the afternoon off to take part in educational and volunteering work.Reward Gateway has achieved a 50:50 male-to-female ratio, as well as no gender pay gap and volunteers all information in regular diversity reports. ...
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ArticleGovernment to invest in developing batteries for electric vehicles
Spring Budget 2017: The government will invest in the development, design and manufacture of batteries to power the next generation of electric vehicles.The investment will form part of the Industrial Strategy Challenge Fund (ISCF), which will receive an initial investment of £270 million in 2017-2018.In his Spring Budget 2017 speech, ...
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ArticleHow to motivate carers in the workplace
Need to know:Providing flexibility is one of the most effective ways of retaining and motivating carers in the workplace.Line-manager training is essential to ensure that direct managers understand the different ways in which they can support carers.Internal networks or peer-support groups can help individuals in similar circumstances to connect across ...
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Case StudiesCarillion Working Mums Network gives carers a community and voice
Multinational facilities management and construction services organisation Carillion launched its Working Mums Network as an affinity group in November 2012, to create a vocal community for working mothers in the business’s UK branch as part of a wider diversity and inclusion strategy.With approximately 300 members, the Working Mums Network was ...
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OpinionKirstie Axtens: True flexibility is essential for carers' work-life balance
Working Families published the 2017 Modern Families Index in January. This found that one in five parents and carers who are working full time are putting in five extra weeks a year, the equivalent of their annual holiday allowance, in unpaid work. They are stressed and burnt out. Disappointingly, over ...
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Supplier article
Spring Budget 2017 – summary of changes and commentary
The chancellor of the exchequer, Philip Hammond, has today delivered this year’s Budget Report. Please see our summary below.Income taxFor individuals, there were no changes to income tax allowances other than what was already known; the income tax personal allowance will increase from £11,000 to £11,500 with effect from 6 ...
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Supplier article
Guide to understanding childcare voucher changes
In March 2016, the government announced that it would be rolling out a new tax-free childcare scheme in early 2017. As a HR professional, you’re probably already thinking about how it will work, what it means for the current childcare voucher scheme, and what you should be doing to help ...
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Supplier article
Neyber offers fair finance to improve financial wellbeing
Fair finance is accessible to 700,000 employees, thanks to Neyber. This figure is due to rise to over one million in 2017.Neyber is currently delivering borrowing and financial education to employees of over 60 companies and is also available via 14 employee benefit platforms. Neyber has also partnered with Police ...
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Supplier article
How your mental health affects employee’s financial wellbeing
by Gethin Nadin, director of EcosystemsIt has been suggested that economics is a branch of psychology. So it stands to reason that an individual’s attitude to financial wellbeing is rooted firmly in their mentality.In 2002, I graduated with a degree in psychology. Although useful at times – particularly when watching ...
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ArticleTata Steel UK to close defined benefit pension scheme to future accrual
Tata Steel UK has confirmed that it will close its defined benefit (DB) pension scheme to future accrual.The organisation will close the British Steel pension scheme (BSPS) to future accrual from 31 March 2017. From 1 April 2017, the DB scheme will be replaced with a defined contribution (DC) pension ...