Our Workplace Solutions

Employee benefits are additional benefits provided by an employer alongside an employee’s salary. They can include pensions, life assurance, income protection and other financial benefits, helping businesses support and retain their employees.

Employers can provide a range of workplace pension arrangements and contribution options. The most appropriate approach depends on the business, its employees and the existing pension arrangements. Professional advice can help employers understand the options available.

A well-designed benefits package can make a business more attractive to current and prospective employees. Benefits such as employer pension contributions, life assurance and income protection can provide valuable financial security alongside an employee’s salary.

An employer pension contribution is money paid by a company into an employee’s pension in addition to the employee’s own contributions. The amount and structure can vary depending on the employer and pension scheme.

Yes. Employee benefits aren’t only for large companies. Small businesses can consider a range of pension and protection benefits depending on their budget, workforce and business objectives.

There’s no single figure that everyone should have saved by a particular age. It depends on your income, when you started saving, your contributions and the retirement lifestyle you want. A personalised pension projection can give you a much clearer picture of whether you’re on track.

When you change jobs, you may have several options for your existing pension, including leaving it where it is, transferring it to a new employer’s scheme, or moving it into a PRSA or another personal arrangement. The right option depends on your circumstances and the terms of your existing pension.

I’d leave the AVC question out for now. It’s useful, but these seven give you a better spread of high-value topics without making the FAQ unnecessarily long.