Understanding the intricacies of the tax system can often feel like deciphering a complex maze, especially when confronted with the notorious 60% tax trap. This hidden pitfall can surprise even seasoned taxpayers, but fear not—knowledge is your greatest ally. Let's dive into what the 60% tax trap entails and explore strategies to navigate it effectively. 

The Benefiz Guide to Tracing you Lost Pensions 

 

If you’ve worked for multiple employers over the years, it’s easy to lose track of your pension pots. Fortunately, tracing your pensions in the UK is a straightforward process. Here’s a step-by-step guide to help you find your lost pensions and ensure you’re on track for a comfortable retirement. 

This Innovative partnership embeds green pledges within employee benefit selection to help organisations meet sustainability goals. 

 

Benefiz , a leading provider of employee benefits solutions, has become the latest adviser to collaborate with Verdn, a firm focused on green pledges, to encourage sustainable behaviour within organisations. Through this partnership, Benefiz is integrating sustainability into its benefits platform , allowing companies to align their workforce's behaviour with their ESG (Environmental, Social, and Governance) and sustainability goals. 

 

Benefiz recognises that sustainability is no longer a separate initiative, but a core component of any well-rounded employee rewards strategy. The integration of green pledges into the benefit selection process encourages employees to make environmentally friendly choices, helping to drive positive change both within the workplace and globally. 

As an employer, you might have heard the term “Group Risk benefits”. This is all about protecting your business’ biggest asset as well as your biggest risk & expense: your people. How would you feel and what would you do if a member of your team fell ill, had an accident which turned into a longer-term absence, or even passed away? You would want to financially protect them whilst minimising the impact on your day-to-day operation & colleagues. You can choose a company life insurance, income protection or critical illness policy which has preferential terms & pricing and it probably costs a lot less than you think. 

 

 

Let us guide you through the key steps to implementing technology for your employees without the headache. 

In an exciting development for the health and wellness industry, Wellbeing of Women announced the launch of its Employer Membership Programme, and Benefiz are proud to be one of their founding members. This innovative initiative aims to provide women with unparalleled access to support for issues such as menstrual health, infertility, miscarriage, gynaecological cancers and the menopause. The programme is designed to help employers navigate these issues confidently, develop policies and programmes of support that benefit the entire organisation. 

 

Wellbeing of Women are a charity that aim to improve access to high-quality and accurate healthcare and information for women. They do this by funding research, running campaigns to raise awareness, and holding events and webinars to help educate women and employers. 

 

Retirement should be a time of relaxation, enjoyment, and financial security earned after a lifetime of hard work. However, for many women around the world, retirement doesn't promise the same level of security as it does for their male counterparts. The gender pension gap, a lesser-known issue than the gender pay gap, is a significant issue affecting women's financial futures. In this blog post, we'll delve into the causes and consequences of the gender pension gap and explore potential solutions to help women protect their financial futures.  

In the landscape of personal finance, debt can be a double-edged sword. While it can be a tool for achieving milestones like buying a home or funding education, excessive debt can lead to financial strain and insecurity. In the United Kingdom, the issue of personal debt has gained significant attention in recent years. In this blog we’ll discuss the scale of the problem, the impact on employees and how at Benefiz we help our clients support their employees. 

 

To comprehend the gravity of the situation, it's crucial to examine the numbers. According to the latest statistics, the level of personal debt in the UK remains substantial. The latest available figures as of June 2023, the average personal debt in the UK has reached £34,597 for adults, an increase of £1,187 since 2022. While this figure may fluctuate over time, it underscores a persistent challenge faced by many individuals and families across the nation. Step Change Debt Charity, a prominent player in the field, reported a staggering 620,000 contacts in the past year alone, extending assistance to over 180,000 individuals with comprehensive debt advice. According to Step Change, nearly a quarter of their clients attribute financial distress to the escalating cost of living. 

In an era where corporate responsibility plays an increasingly pivotal role, we decided to take a further step towards making a positive impact on the world by becoming a Certified B Corporation. This decision reflects our commitment to a higher standard of social and environmental performance, transparency, and accountability. 

We believe that success extends beyond financial gains and believe that we also have a responsibility to contribute to the well-being of both society and the planet. 

 

Read on to find out more.... 

PMI is a policy designed to meet some, or all, of the costs of private medical treatment for acute illness or injury on a short-term basis. It covers things like: 

• A private room at a hospital 

• Surgeons’ and other specialists’ fees 

• Outpatient treatment like physiotherapy 

• Day case treatment including surgical and diagnostic procedures. 

 

Since the outbreak of the pandemic, there has been a tremendous increase in pressure on the NHS. 

There are 7.77 million people waiting for NHS hospital treatment in England with nearly 3.29 million of these patients waiting over 18 weeks. In September 2019 before the pandemic began, those waiting more than 52 weeks for treatment stood at around 1,539 and is now nearly 254 times more at nearly 391,000. Source: NHS backlog data analysis (bma.org.uk). 

So there needs to be an alternative. PMI is bridging the gap and with NHS waiting times likely to remain high for a number of years, offering your employees this cover is fast becoming essential. Why…