Pension contribution methods can be confusing, and the way tax relief is applied varies depending on the method your employer uses. In fact, recent research shows that over 40% of UK employees don’t fully understand how their pension contributions affect their take-home pay, making it harder to plan for the future. Tax relief is a […]
The government’s ‘Free Childcare for Working Parents’ scheme aims to cut the cost of childcare by providing eligible families with 30 free hours per week (from September 2025). The scheme is available for working parents, but not those who earn (or whose partner earns) an adjusted net income of over £100,000. This can leave some […]
From higher National Insurance bills to bigger energy costs, many businesses are facing a squeeze right now. This can be especially true for SMEs, who need to make sure every pound is accounted for. So when it comes to retaining and rewarding the best employees, increasing salary can be tough, especially when that comes with […]
Your business may have a number of different goals – and I’m betting that one of them is to make money, if you’re in the for-profit arena. But it’s also important to develop your ESG goals alongside. ESG stands for Environmental, Social and Governance: i.e. the ways in which you might seek to make a […]
Introduction to childcare benefits Sorting out childcare can be a massive headache for parents, as well as a major cost. Two initiatives to lower this cost are childcare salary sacrifice and tax free childcare. Childcare salary sacrifice is an arrangement an employee makes with their employer to sacrifice, or give up, part of their salary […]
When you think about a company benefits scheme, what comes to mind? It might be health insurance, shopping discounts or an Employee Assistance Programme (EAP). But have you considered your workplace pension as part of your benefits package? Although you’re obliged to offer a workplace pension, it’s important not to let it languish. As we’ll […]
As a caring leader of a small company, you may be wondering how to set up benefits for your employees without smashing the budget. Employee benefits can help you recruit and retain talented employees, as well as support their wellbeing and increase productivity. But, when every penny counts, it can feel difficult to spend on […]
You might have heard of salary sacrifice (or its less unsettling name, salary exchange) before; you might even have been lucky enough to have this arrangement for your workplace pension, electric vehicle or a cycle to work scheme in a previous job. When it comes to making contributions to your employees’ pensions, it’s the most […]
As most parents will tell you, sorting out childcare can be a huge headache. There are so many things to think about if you want your child to go to a nursery, including the cost. That’s why many employers are now introducing workplace nursery schemes, a way to help employees reduce the financial burden of […]
Switching to a salary sacrifice pension arrangement for your employees makes a lot of sense. After all, both your company and your employee can save money with this scheme through reduced NI payments. But, to maximise your employer savings and make sure employees are getting the most out of it, you’ll want to make sure […]
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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).
