Your benefits package is more than just a perk of the job, it’s there to support you, your finances, and your future. With rising living costs, changing tax rules, and new ways of managing pensions, it’s never been more important to understand what’s on offer and how it can work for you.
Here’s how you could take full advantage of your employee benefits.
Pensions have evolved significantly in recent years. With automatic enrolment, you’re likely already part of your company pension scheme, but do you know your options?
Here are a few key points to consider:
Your benefits package might include valuable benefits like group life assurance, group income protection, or critical illness cover. These aren’t just technical terms, they’re there to help give you and your family financial security if something unexpected happens.
Ask yourself:
Exploring these benefits could provide peace of mind for you and your loved ones.
Managing money can be complicated, especially with changing rules around taxation, mortgages, and pensions. That’s where financial guidance can make a real difference.
Whether it’s pensions, protecting your income, or planning for your family’s future, Secondsight can provide guidance tailored to your needs.
Taking a little time to understand your employee benefits could help you unlock their full value. After all, they’re here for you!
When investing your capital is at risk.
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Pension income could also be affected by interest rates at the time benefits are taken.
Pension savings are at risk of being eroded by inflation.
Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits.
Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.
Your home may be repossessed if you do not keep up the repayments on your mortgage.