This guest blog was written by Jess Koh, our Launchpad intern from the University of Sheffield. Beginning in early 2021, The Great Resignation has arisen as a real problem for many companies. According to analysis done by the Bureau of Labor Statistics, roughly 3.4% of workers quit their jobs in November 2021, as compared to 2.7% […]
It’s tempting to think about switching salary sacrifice schemes and running them internally. After all, what could be so hard about getting people to take part in a scheme that saves them money? But going it alone can be stressful and lead to poor results. In this article, we share our top 4 tips to […]
In salary sacrifice, a person exchanges their pay in return for their employer paying for a benefit, such as a pension contribution. This reduces the employee’s take-home pay but can also lower taxable income, leading to potential tax and National Insurance savings. However, because salary sacrifice reduces gross salary, it can impact other pay-related benefits, […]
We’re delighted to host this piece by Claire Vane. As Managing Director and Founder of HR consultancy Integrated Resources, Claire is an expert in all things ‘people’. In this article, she dives into some of the complexities surrounding salary sacrifice and parental leave, to help employers and prospective parents navigate their choices. You can read […]
Your workplace pension scheme is probably one of the most expensive benefits you offer your employees. In fact, the average employer contributes £1,305 per employee, per year! Because, in most cases, it’s a mandatory expense, many employers don’t even think about whether employees engage with their pension. But leaving it to one side runs the […]
In our previous blog, we set out the things you might think about when choosing a new workplace pension scheme for your company. But are you considering ESG (the ethical, social and governance implications) when looking for a new workplace pension provider? This article helps you choose an ethical workplace pension scheme. Although many people don’t […]
For many companies, setting up the pension is a tick-box exercise. After all, when you’re a small team responsible for everything from hiring employees to sales and marketing, getting your pension scheme underway can understandably come bottom of the priority list. But somewhere down the line, there comes a point when you want your pension, […]
Changing pension provider can be costly and time consuming. The good news? You don’t need to change pension provider to offer a market leading pension package. Here we’ll detail the seven things you can do to improve your package. What is a pension package? In today’s jobs market, prospective employees are on the lookout for […]
Welcome to the final part of our series, ‘Pensions 101’, aimed at small business owners setting up their first workplace pension scheme. In this blog, you’ll learn more about setting up your pension scheme and payroll system so you and your employees are paying into the scheme on time. Getting started You should have already […]
If you are, or soon will be contributing to a workplace pension, you’re joining the 90% of eligible employees choosing to do the same. Congratulations, you’re in good company! But what is a workplace pension when it’s at home? Your workplace pension A pension is a bit like a savings account, but you won’t be […]
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Maji is the trading style of Maji Financial Wellbeing Ltd, a company registered in England and Wales (Registration no. 11937232). Maji Financial Wellbeing Ltd is registered with the Financial Conduct Authority (Registration no 969225) as the PSD agent of Bud Financial Ltd (Registration no 793327).
