WEALTH at work, a leading financial wellbeing and retirement specialist runs financial education seminars for graduates and those early on in their career for some of the UKs leading companies, to provide guidance on managing their money and explain the many workplace benefits on offer.
According to CIPDs Labour Market Outlook, 21% of employers are planning to make redundancies in the three months to September 2024.
Facing redundancy can be an intimidating time, therefore it is important people are aware of their rights and have a clear overview of their finances.
The number of people in full-time employment who believe they will never be able to afford to retire because of the impact of the rising cost of living is on the rise, with two fifths (39%) of workers claiming they will never be able to afford to stop working, up from one in three (33%) twelve months ago.
We are absolutely delighted to announce that we have been named as one of The Sunday Times Best Places to Work 2024 and are amongst the best ‘Big Organisations in the UK’.
More than 14,000 companies in the UK operate a Save As You Earn (SAYE) share plan, which offers employees a tax efficient way to invest in their company’s shares.
The FCA announced that more over 55s are accessing their pensions, and over half are cashing out their pension pots completely.
According to new research* from WEALTH at work of over 2,000 working adults with a defined contribution workplace pension, nearly half (49%) said they were unaware of what their pension is invested in.
More than one in five UK workers (22%) have had to borrow money from family and friends in the last year because of money worries, and a fifth have taken on debt (20%)
As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024.