Those who attend Employee Benefits Connect 2016 can gain insight into how employee benefits could potentially harm employee’s financial wellbeing, as well as the measures that can be taken to address this, in a session led by Darren Laverty (pictured), partner at Secondsight.
During the conference session, Laverty will discuss the pension allowance limit changes coming into effect in April 2016, why some employees could be facing unexpected tax bills, and why employers need to act on the changes before they come into play. He will also outline the key points to communicate to staff around retirement savings.
Laverty said: “Few people appreciate that the tapered annual allowance legislation could lead to some nasty surprises for anyone with an income of £150,000 or more, which now takes account of other sources of income including buy-to-let income, salary sacrifice and employer pension contributions.
“Employers need to ensure that those staff who will be affected, understand what is happening, and how, together, they can mitigate any potential problems.”
He adds: “Good financial wellbeing boils down to employers educating their staff about how to retire, and how to avoid running out of money in later life. They should be able to see the future through cash flow forecasting, supporting their financial wellbeing.”
Employee Benefits Connect 2016 will take place on 9 March at the Lancaster London.
For more information and to register to attend, visit: www.employeebenefitsconnect.co.uk.