All Employee Benefits articles in Web Issue – Page 912
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Supplier article
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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ArticleAberdeenshire and Aberdeen City Councils achieve 10% log-in for car salary sacrifice
Aberdeenshire and Aberdeen City Councils have achieved a 10% log-in rate to their dedicated driver site after revamping their car salary sacrifice scheme.The car salary sacrifice arrangement was revamped in June 2015 as part of wider changes to the local authorities’ employee benefits programme, which is provided by P&MM.Thus far, ...
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ArticleTotal pay increases by 2.1%
Total pay, including bonuses, increased by 2.1% between November 2014-January 2015 and November 2015-January 2016, according to research by the Office for National Statistics (ONS).Its UK labour market: March 2016 report also found that regular pay, excluding bonuses, increased by 2.2% in the three months to January 2016 compared to ...
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ArticleStay up to date with the Budget 2016
Chancellor George Osborne will deliver his Budget 2016 speech from 12.30pm today (16 March).Stay tuned to the Employee Benefits website for the latest updates about how Osborne’s announcements will impact employers and staff, with possible changes predicted on salary sacrifice arrangements to pay and pensions.Follow @EmployeeBenefit on Twitter for real-time ...
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ArticleGovernment retains freeze on fuel duty
Budget 2016: Fuel duty is to remain frozen at 57.95p a litre for 2016-17.This is the sixth consecutive year that the government has retained the freeze on the rate of fuel duty.The continued freeze was announced by Chancellor George Osborne during his Budget 2016 speech today (16 March).Osborne said: “In ...
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ArticleInsurance premium tax to rise to 10%
Budget 2016: The standard rate of insurance premium tax (IPT) is to rise from 9.5% to 10%.The 0.5% increase will come into effect from October 2016.Chancellor George Osborne announced the rise in IPT in his Budget 2016 speech today (16 March).The rise will be invested in flood defences and resilience ...
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ArticleEmployer contributions to public sector pensions to increase
Budget 2016: Employer contributions to public sector pensions will increase from 2019-20 onward.In his 2016 Budget speech today (16 March), Chancellor George Osborne announced that the government has reassessed the discount rate used to set employer contributions. The discount rate is based on the Office for Budget Responsibility’s (OBR's) long-term ...
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ArticleGovernment to increase personal allowance and higher-rate tax thresholds
Budget 2016: The tax-free personal allowance limit and higher-rate tax threshold will increase from April 2017.In his 2016 Budget speech today (16 March), Chancellor George Osborne announced that the tax-free personal allowance limit, the amount an individual earns before they pay income tax, will rise to £11,500 from April 2017, ...
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ArticleGovernment to introduce Lifetime Isas to encourage long-term saving
Budget 2016: The government is to introduce a new savings mechanism known as a Lifetime individual savings account (Isa).Chancellor George Osborne announced the plans in his Budget 2016 speech today (16 March).The Lifetime Isa is aimed at helping young people save for the long term, with a particular emphasis on ...
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ArticleGovernment confirms plans to limit salary sacrifice
Budget 2016: The government has confirmed it is considering limiting the range of benefits that attract relief on tax and national insurance contributions (NICs) when offered via salary sacrifice arrangements.However, details of its intentions, set out in Budget 2016 documentation, stated that pension contributions, childcare and health-related benefits, such as ...
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ArticleGovernment to restructure financial guidance providers
Budget 2016: The government is to restructure the Money Advice Service, The Pensions Advisory Service and Pension Wise into two new guidance bodies.The move, which was detailed in the Budget 2016 documentation, is intended to ensure that consumers can access the help they need to make effective financial decisions.The new ...
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ArticlePensions advice allowances to be extended
Budget 2016: The £150 limit on income tax and national insurance (NI) relief on employer-arranged pensions advice is to be extended to £500.In its Budget 2016 documentation, the government also confirmed that it is to consult on the introduction of a pensions advice allowance. This would allow pension scheme members ...
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ArticleGovernment to consult on extending shared parental leave to grandparents
Budget 2016: The government is to launch a consultation in May 2016 on how to extend shared parental leave (SPL) and pay to working grandparents.The consultation will look into options for streamlining the system, which will include simplifying the eligibility requirements and notification system, as well as exploring how to ...
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Article
Tax-free childcare to be phased in and childcare vouchers extended
Budget 2016: The government has announced that the new tax-free childcare scheme, to take effect from early 2017, will be rolled out throughout the year.The new scheme, which was first announced in 2013’s Budget as a replacement to childcare vouchers, will take a phased approach and allow parents of the ...
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ArticleGovernment limits capital gains exemptions for employee shareholder status
Budget 2016: The government is imposing an individual lifetime limit of £100,000 on gains eligible for capital gains tax exemption through employee shareholder status.This will apply to employee shareholder status arrangements entered into from 17 March 2016. It will not apply to existing arrangements.The limit was announced by Chancellor George ...
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ArticleGovernment commits to pensions dashboard
Budget 2016: The government has committed to ensuring that the pensions industry designs, funds and launches a pensions dashboard by 2019.The commitment, which was announced during the 2016 Budget, will enable individuals to view details of all of their retirement savings in one place.Darren Philp, director of policy and market ...
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AnalysisHow to identify the best type of share plan for an organisation
Need to know:Employers need to choose the employee share scheme that matches their business objectives and the interest and eligibility of those they hope will sign up to it.The number of new shares that can be issued under employee share plans will have a limit, so employers should ensure the ...
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Case StudiesPCA Predict offers share scheme to motivate staff
PCA Predict provides address validation technology used on e-commerce sites, for customers that include Tesco, Dow Jones, and Disney. The organisation, which has offices in Worcester and New York, and employs over 55 members of staff, offers an enterprise management incentive (EMI) scheme.The EMI scheme was chosen as a way ...
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OpinionStephen Chater: Share schemes offer significant tax incentives
Typically, an organisation’s choice of employee share scheme will depend on the degree of employee share ownership that it wishes to introduce. One employer might want only key people to own shares, whereas another might prefer all employees to become part-owners of the business by introducing an all-employee share scheme.Various ...
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Supplier article
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 ...