Financial Wellbeing

Tax relief and your workplace pension scheme

22, Sep, 2022 | Financial Wellbeing

There are two ways you can receive tax relief on your pension contributions if you’re in a workplace pension scheme. Your employer chooses which method to use and must apply this to all staff. Here’s how tax relief works. What is tax relief? When you pay into your...

How to work out the true cost of borrowing

22, Sep, 2022 | Financial Wellbeing

When borrowing money, don’t simply look for a loan with the lowest monthly repayment. Before you sign up, make sure you know the total cost of repaying the debt. What is the ‘true cost of borrowing’? The true cost of borrowing takes into account: The loan amount the...

Help if you are worried about your savings, investments or pension

22, Sep, 2022 | Financial Wellbeing

If you are invested in the stock market (which you almost certainly will be if you have a pension) and have seen the value of your investments fall, it’s tempting to cut and run and put it all somewhere you think is safer. But if you do, you will be selling your...

Employee Benefits: The Most Popular In UK

22, Sep, 2022 | Financial Wellbeing

We spend so much of our time working that there have to be some perks to it right? Keeping staff happy is a really important role in an organisation because it can improve employee wellbeing, help staff work better and produce better quality outcomes. Many employers...

Understanding Your Payslip

22, Sep, 2022 | Financial Wellbeing

Am I paying too much tax? What do the numbers and letter of my tax code mean? Am I owed anything? Understanding your payslip is not as straightforward as you think. It may sound simple to work out exactly how much you will be paid for the work that you have done, but...

Debt Management. What do you need to know about it?

22, Sep, 2022 | Financial Wellbeing

Good Debt versus Bad Debt: Understand the type of debt you have to see if your credit is working for or against you. If someone asked you ‘Are you in debt?’ – apart from possibly being slightly put out by the personal nature of the question – how you answer will...