Financial education – definition – Benefits modellers

Benefits modellers can be provided online to help staff work out how much certain perks will cost.

These tools are now available around a number of different benefits. For example, pensions modellers can help staff work out the benefit they could receive if they were to increase their contributions, while flexible benefits modelling tools can help staff to construct the most appropriate package to suit their needs and budget. With employee car ownership schemes, meanwhile, employees can also calculate the tax implications of opting for a specific vehicle.

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