The Pension Lifetime Allowance...

....and what you need to know

Since 2006 the government has restricted tax efficient pension savings by applying a 'lifetime allowance'.

If the total value of all your pensions exceeds the allowance you, or your beneficiaries, could face a tax charge.

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PensionsDuncan Farrar
Employee Benefit Trends 2018

With only a few sleeps until Christmas (excuse the language - I have two daughters under six...) at Parsonage we have started to look to 2018 to try and identify trends in the employee benefits market.

Driving Factors

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Duncan Farrar
Staff Retention and why it matters

How much time do you give to employee retention?

'Employee retention is the ability of an employer to retain its employees.'

Although some staff turnover can be good for a business; as it means fresh ideas, approaches and energy,

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Duncan Farrar
Auto Enrolment Alert

If you become an employer for the first time on or after 1 October 2017, you will immediately have legal duties for their new member of staff. These duties apply from the first day the first member of staff started working for you. This is known as your duties start date.

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Duncan Farrar
The Rise of Private Medical

"Profit driven hospital firms are experiencing 15-25% year on year rises in 'uninsured' self payers, mainly driven by long wait times for non-urgent surgery."
- Intuition Communications research

When I came across this information in The Guardian I was amazed at the increase in numbers in people

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Duncan Farrar
GDPR: It affects pay and benefits

The General Data Protection Regulation (GDPR) is a regulation the European Parliament, the Council of the European Union and the European Commission intend to strengthen and unify data protection for all individuals within the European Union.

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Duncan Farrar
Practical Employee Engagement for SME's

Employee engagement is vital to the long term success of a business. High staff turnover, loss of your best employees, and low productivity all damage a business and drain resources. People are after all a company's greatest asset, and to attract and retain the best people, companies must offer an engaging experience.

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Duncan Farrar
Auto Enrolment | The State of Play
  • By the end of March 2017 more than 7,000,000 workers had been successfully automatically enrolled.….and more than 500,000 employers had completed their declaration of compliance.

  • There are 700,000 employers with duties by February 2018.

  • Between 2016-17 The Pension Regulator issued 12,181 £400 fixed penalty notices.

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Duncan Farrar