Archives: Employee benefits

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The IBM appeal – when is a pensions promise not a promise?

Employers can pursue pension plan change with renewed vigour following the publication of the judgment in the IBM appeal. They can now be less concerned about whether promises they have made in the past may bind them into the future, as the weight of an employee’s “reasonable expectations” argument has been significantly downgraded making it … Continue Reading

Salary Sacrifice and Termination Payments

Amongst a number of announcements relating to employment taxes in today’s UK Autumn Statement, forthcoming changes to the tax treatment of salary sacrifice and employee termination payments were confirmed. The tax and National Insurance advantages of salary sacrifice schemes will be removed from April 2017 (i.e. the sacrificed pay will be subject to tax and … Continue Reading

Employee benefits: ensuring your insurance is up to date

This week sees the implementation of changes to insurance disclosures which, coupled with an upcoming increase in insurance premium tax, mean that the time is right to review your employee benefit insurance policies. The Insurance Act 2015 comes into force on 12 August 2016 and applies to new policies as well as variations to existing … Continue Reading
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