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 […]
Salary sacrifice schemes aren’t just employee perks. They’re powerful cost-saving tools for employers too. But they’re not all made equal. While there are many options out there, only a select few offer meaningful National Insurance savings for both employers and employees. These schemes not only improve financial wellbeing across your workforce, but they also deliver […]
Written in partnership with Hive HR Solutions. As an employer, providing benefits to your employees is a great way to support them, but it also comes with certain tax obligations. One key requirement in the UK is the P11D form, which reports benefits and expenses provided to employees outside of their regular salary. Here’s everything […]
What if you could pay less tax and take home more money – without changing your salary? That’s the power of salary sacrifice. Think of the HMRC salary exchange initiative – also known as salary sacrifice – as a clever strategy where everyone wins. You agree to exchange some of your salary for benefits you […]
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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).
