I am an employee

I’m an employee

Making the most of your employee benefits

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.  

your pension

Your pension 

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: 

  • Understand your choices – If you’re aged 55 or over, pension freedoms introduced in 2015 mean you can now make significant decisions about your retirement income. 
  • Changes in the rules – From April 2024, the government abolished the Pension Lifetime Allowance. While this opens up opportunities to save more for retirement, remember that the maximum tax-free lump sum is still capped at £268,275. 
  • Taking the time to explore your pension options can help you make informed choices that suit your future plans. 
wellbeing

Your wellbeing benefits 

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: 

  • Do I know which wellbeing benefits are available to me? 
  • Can I tailor my cover to better fit my personal situation? 
  • Would I be financially secure if I faced long-term illness? 

Exploring these benefits could provide peace of mind for you and your loved ones. 

Supporting your finances 

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! 

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