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 […]
Tag: pensions
How to help employees save more into their workplace pensions
Pensions can be a paradox: super important for our futures, but something a lot of us just don’t want to think about. After all, saving for the distant days when we’re old and grey can feel, well, boring – and difficult, if we have lots of competing needs demanding our money right now. But, as […]
ED&I: A financial wellbeing imperative to bridge the pay and pension gap
The intersection of diversity, equity, and inclusion (ED&I) and financial wellbeing is a critical issue that’s often overlooked. The harsh reality is that certain employee groups experience a disproportionate burden of financial stress with regards to pay and pension. Women and ethnic minorities, for example, often face significant financial disadvantages compared to their peers. Additionally, […]
5 ways to develop a positive money mindset
Having a positive money mindset can transform your personal finances. We’ve compiled a list of steps to help you get started. […]
Boosting pension engagement
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 […]
How do I know if my pension is doing well?
Have you saved enough for your retirement? Maji explains how to maximise your pension contributions and see how well your pension is doing. […]
Read this if you’re thinking of changing pension provider
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, […]
Are you fighting fit for a fabulous financial future?
If the word pensions fills you with dread, you’re not alone. Seventy-seven percent of people say they don’t understand their pension enough to make informed decisions about saving for their future. It all starts with small steps. To help you get started, Maji has created a simple Pensions MOT, with six simple questions to ask yourself and tips to help you get fighting fit for your financial future.
[…]