National Insurance (NI) is reducing from 12% to 10% from January 2024. WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase their monthly pension contributions.
The current economic environment is causing disruption to the retirement plans of many.
It’s now more important than ever to commit to organising your financial affairs.
WEALTH at work, a leading financial wellbeing and retirement specialist, has run financial education workshops for staff in hundreds of organisations.
Managing your money during the festive season can be challenging, but some careful planning could mean you are able to enjoy the holidays without getting into debt.
The total value of lost pension pots has grown from £19.4 billion in 2018 to £26.6 billion in 2022. There are 2.8 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.
Research by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all.
New research from WEALTH at work has revealed that many full-time workers admit that money worries are impacting their work, with 23% struggling to concentrate and 15% saying their productivity has decreased.
New research of almost 200 companies representing over 1.5 million employees, has found that many workplaces are increasingly recognising poor financial literacy as a key financial wellbeing risk for their employees.
According to research* from WEALTH at work, a leading financial wellbeing and retirement specialist, 1 in 3 (33%) employees think they won’t be able to afford to retire at all due to increasing costs.
Jonathan Watts-Lay, Director, WEALTH at work, discusses why the demand for financial education at work is rising.