With the end of tax year looming, employees must act fast to make the most of their £20,000 ISA allowance before the deadline of 5 April. After all, the exemption is a ‘use it or lose it’ allowance; in other words, you cannot carry forward unused allowances from previous tax years.
| Published: 18 March 2023
More than two million UK hospitality workers are reporting declining mental health, because of money worries, according to a new report. The latest State of Financial Wellbeing index found that hospitality workers are among the UK’s most financially stressed, but their employers are lagging behind other industries in stepping in to provide support.
| Published: 15 March 2023
Emburse announces the findings from its latest survey delving into UK businesses expense policies in relation to spend, corporate card use, and employee reimbursement preferences. The data revealed younger generations (aged 16-34) were the largest cohort (55%) to express preference for corporate cards, with almost half (47%) citing the cost-of-living crisis as a determining factor.
| Published: 13 March 2023
Employers are under renewed pressure to rethink their workplace financial support packages in light of research that reveals that two thirds of organisations rate their workplace debt management support as poor
| Published: 9 March 2023
In November’s Autumn Statement, despite speculation, no further news was delivered in regard to the Lifetime Allowance (LTA) or Annual Allowance suggesting that they will continue to remain frozen for three more years.
| Published: 21 February 2023
The latest figures from the Office for National Statistics[iii] also say 92% of adults in the UK reported their cost of living had increased compared with a year ago. These financial worries are leading to more people working when physically and mentally unwell. According to a recent study by GoodShape,[iv] over half (52%) of UK employees are worried about the financial implications of taking time off work for a physical or mental illness. The sectors where people are most worried about taking time off work include hospitality and leisure, medical and health services and retail.
| Published: 27 January 2023
Inflation in the UK was at a 41 year high in October at 11.1% and is expected to remain high for some time, intensifying the existing cost-of-living crisis. It is a difficult time for many people, but what about those planning to retire? WEALTH at work, a leading financial wellbeing and retirement specialist, outlines below what employees will need to consider if they are planning to retire during these turbulent times.
| Published: 7 January 2023
It’s time for UK businesses to release ‘hidden’ capacity within their organisations, a new report from ActiveOps, a leading management process automation company, has revealed. Getting a true picture of real-time capacity within an organisation will enable operations leaders in the UK financial and banking sector to unlock time and resources that can be better spent, helping teams to do more with what they have during recession.
| Published: 5 December 2022
By committing to higher salaries for our junior and mid-level staff we will avert their temptation to look to remote or hybrid work based out of London, stemming a brain drain.
| Published: 25 November 2022
New research from leading management process automation company ActiveOps, reveals that more than 90% of UK operations teams are yet to begin preparations for a recession, while three out of five operational employees across the UK, North America and Australia believe businesses are not equipped to deliver organisational objectives in the event of a global recession.
| Published: 29 October 2022
