All Employee Benefits articles in Web Issue – Page 1632
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ArticleAutumn Budget 2024: Employment allowance to double and £100,000 threshold scrapped
Autumn Budget 2024: The government is to increase the employment allowance from £5,000 to £10,500 and remove the £100,000 threshold from April 2025. Chancellor of the Exchequer Rachel Reeves announced these measures in the Autumn Budget. The move will apply to all eligible employers, meaning 865,000 employers ...
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ArticleAutumn Budget 2024: Government to close loopholes around car ownership schemes
Autumn Budget 2024: The government has announced plans to close loopholes in company car tax rules by ending contrived car ownership schemes. In the Autumn Budget 2024, Rachel Reeves, Chancellor of the Exchequer, laid out plans to publish draft legislation around loopholes in car ownership ...
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ArticleAutumn Budget 2024: Changes to employer share incentive plan notice relating to statutory neonatal care pay
Autumn Budget 2024: Employers will have to change the notice they must give to an employee regarding possible deductions from their salary in relation to a share incentive plan (Sip). A minor change to the Income Tax (Earnings and Pensions) Act 2003 and the Employee Share Ownership ...
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AnalysisRaising the profile of voluntary benefits
Credit: Billion Photos/ Shutterstock 2464376955 Need to know: Benefits such as retail discounts, mortgage advice and salary sacrifice arrangements are powerful tools in a cost-of-living crisis. Voluntary benefits can help engagement across a multi-generational workforce, as different demographics pick relevant services. Communication must ...
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Case StudiesOutdoor and Cycle Concepts keeps staff up-to-date about voluntary benefits
Outdoor and Cycle Concepts (O&CC) is the organisation behind retail stores Snow and Rock, Cotswold Outdoors and Runners Need. With about 1,400 retail staff aged between 16 and 90 spread across 79 stores and 300 head office staff, O&CC offers a range of voluntary benefits, many through ...
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ArticleReal-time reporting of benefits in kind to start in 2026
The government has confirmed plans to mandate the real-time reporting of most benefits in kind (BiKs) via payroll software starting in April 2026. Benefits in kind (BiKs), which include non-cash perks like company cars and private medical insurance provided by employers, have traditionally been reported yearly. The ...
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ArticleHow will the Autumn Budget 2024 impact pay and benefits?
Autumn Budget 2024: Chancellor of the Exchequer Rachel Reeves delivered her Autumn Budget speech in the House of Commons on Wednesday 30 October. It included a number of key announcements that could impact employers’ pay and benefits strategies. Autumn Budget 2024: Employer national insurance contributions (NICs) ...
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ArticleEastern Transport Holdings becomes employee-owned
Source: Shutterstock / 1108927934 Eastern Transport Holdings, the parent organisation of Stephensons of Essex and NIBS Buses, has been sold to an employee ownership trust. The organisation, which operates 140 buses in Cambridgeshire, Suffolk and Essex, employs 200 members of staff and has a current turnover of ...
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Supplier articlePluxee UK’s Guide to Transforming Your Workplace Culture
Workplace culture, though often intangible, plays a crucial role in shaping the employee experience and overall organisational success. Pluxee UK delves into the significance of workplace culture, examining its impact on various aspects of a business. Furthermore, it offers actionable strategies for cultivating a positive and productive ...
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ArticleThe top 10 most read articles between 25 – 31 October 2024
Parliament The top 10 most read articles between 25 – 31 October 2024 on employeebenefits.co.uk were: Autumn Budget 2024: Employer national insurance contributions (NICs) to increase to 15% Autumn Budget 2024: Employment allowance to double and £100,000 threshold scrapped Autumn Budget 2024: Incentives for electric vehicles ...
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OpinionLovewell’s logic: Counting the cost of the Budget
Debbie-Lovewell-Tuck, editor, Employee Benefits In the run up to the Labour government’s first Budget this week, there was much speculation about how this would impact employers. I think the industry breathed a collective sigh of relief when the tax relief on pensions salary sacrifice arrangements was not ...
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ArticleAmazon employees in Dunfermline buzzing about beehives introduction
Source: From Amazon Something for the weekend: A beekeeper employed by retail giant Amazon in Dunfermline, Scotland, has introduced beehives to its fulfilment centre team. Ross Main, who is an inbound support specialist, worked alongside the Amazon sustainability team to set up and keep bees at the ...
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ArticleArmfield completes £7 million buy-in for pension and life assurance scheme
Research and product development firm Armfield has completed a £7 million buy-in transaction for the Armfield pension and life assurance scheme. The transaction for the scheme secured the benefits for 24 pensioners and 15 deferred members. Bulk annuity and consolidator advisory business K3 Advisory carried out the ...
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ArticlePolice officers in Scotland to withdraw goodwill in pay dispute
Police officers in Scotland are to stop working on their shifts at the scheduled time and not start these any earlier, in a move that is due to take effect from 5pm on 1 November. The rank-and-file officers, who are represented by the Scottish Police Federation (SPF), ...
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ArticleFirst Bus Aberdeen workers accept pay offer
Around 200 workers employed by First Bus Aberdeen have accepted an enhanced two-year pay deal. The workers, who are drivers, coach drivers and administrative staff, are represented by trade union Unite. Following successful negotiations, they overwhelmingly voted to accept an enhanced 7.2% pay offer from their employer, ...
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Supplier articleAutumn Budget 2024
The Chancellor of the Exchequer, Rachel Reeves has today delivered the Autumn Budget 2024. Please see our summary below: State Pension The government will maintain the State Pension Triple Lock for the duration of this parliament. The basic and new State Pension will increase by 4.1% ...
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ArticleOak Group names new chief people officer
Source: Oak Group Anna Sauvarin, copyright © 2024 Oak Group Funds, corporate and private client services provider Oak Group has appointed Anna Sauvarin as its new chief people officer. Based in Guernsey, Sauvarin will head up Oak’s people and culture team, playing a role in driving its ...
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ArticleLloyds Banking Group receives fertility-friendly employer accreditation
Lloyds Banking Group has received fertility-friendly employer accreditation as part of a commitment to supporting its employees through their fertility journeys. Established by the organisation Fertility Matters at Work, the accreditation is awarded using a rigorous assessment framework that examines employer’s fertility policy guidance, education and awareness ...
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ArticleLess than one-fifth of UK office workers asked for a pay rise
Less than one-fifth of UK office workers have asked their employer for a pay rise, according to new research from the Global Payroll Association. The association surveyed 1,012 UK office workers to gain insight into how many actively request a pay rise and whether they know how ...
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ArticleSouth Gloucestershire Council receives Defence Employer Recognition award
Source: Shutterstock / 273340274 South Gloucestershire Council has received the bronze award from the Defence Employer Recognition Scheme as part of its commitment to supporting its employees who have been part of the armed forces. Established by the Ministry of Defence, the scheme was designed to acknowledge, ...