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WEALTH
When it comes to employee wealth, this isn’t just salary, find out how other employee benefits can be a tax efficient and engaging way of rewarding your employees.
Saving for the retirement.
WORKPLACE PENSIONS
The Government has introduced legislation requiring all employers to provide a company pension that meets certain standards and automatically enrols eligible employees into the pension (if they’re not already members). In addition, there are communication and re-enrolment obligations which if not adhered to, will result in enforcement action from the Pensions Regulator.
Supporting those left behind if your employee dies in service.
LIFE ASSURANCE
Group life assurance provides a benefit on an employee’s death in service. This can be a lump sum payable to nominated beneficiaries or a taxable pension payable to the employee’s dependants, or both. Finding the right product can have significant budget implications and increase its value as a benefit.
Supporting those left behind if your employee dies in service.
LIFE ASSURANCE
Group life assurance provides a benefit on an employee’s death in service. This can be a lump sum payable to nominated beneficiaries or a taxable pension payable to the employee’s dependants, or both. Finding the right product can have significant budget implications and increase its value as a benefit.
Providing protection in the event of a serious illness or injury.
CRITICAL ILLNESS
Group critical illness cover provides a tax-free lump sum to an employee in the event of them being diagnosed with a specified critical illness or condition and then surviving for a specified period. When an employee needs expensive treatment or life-changing support, this benefit quickly translates into highly valued employer assistance. We will help you understand how this benefit fits into a package why you might include it.
Providing a replacement income during long-term illness or injury.
INCOME PROTECTION
Group income protection provides assistance to an employee when they are unable to work long term, as a result of an illness or injury. As well as financial support, the policy will also include help for employees in the form of rehabilitation services to help employees back into the workplace. This has become a pivotal ‘duty of care’ benefit for many employers and we can help you match this to business needs so you get the most out of the policy.
Easing the headache of short-term absence.
SICK PAY INSURANCE
Group sick pay insurance is a valuable employee benefit that provides an income to an employee when they are unable to work for a short period of time, as a result of an illness or injury. As well as financial support, the policy will also include help for employees in the form of rehabilitation services, to help employees back into the workplace. This benefit is designed to complement a business’ existing sick pay scheme to give complete peace of mind.
Taking the stress out of buying property.
MORTGAGE BENEFIT
A zero cost benefit for employers to introduce and something that most companies do not yet offer. Our Mortgage Benefit service takes the stress out of buying property. Helpful and experienced advisers will guide your employees through the whole process, saving them time and money as well as making it much less stressful.
Speak to one of our
CONSULTANTS
Whether you are interested in one specific benefit or would like a complete benefit review, speak to one of our consultants today.
We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with TenetConnect Ltd, and may require us to share it with Radcliffe & Newlands Estate Planning Ltd. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy.
Email communications are not secure. For this reason Radcliffe & Newlands cannot guarantee the security of the email or its contents or that it remains virus free once sent.
Workplace Pension
The Government has introduced legislation requiring all employers to provide a company pension that meets certain standards and automatically enrols eligible employees into the pension (if they’re not already members). In addition, there are communication and re-enrolment obligations which if not adhered to, will result in enforcement action from the Pensions Regulator.
Auto-enrolment aims to make it easier for your employees to join and contribute to a pension scheme. They also benefit from contributions from their employer.
Under these rules, employers have to automatically enrol eligible workers into a company pension scheme, if they aren’t already in one. Auto-enrolment affects all employers with staff in the UK. You’ll need to enrol certain staff into a qualifying company pension scheme, make contributions to their pension fund, and perform other ongoing administrative duties to ensure you comply with the legislation.
Employers need to start carrying out these duties from what’s known as your ‘staging date’. However, there is an option to postpone some duties by up to three months.
Ideally, you will need to allow at least six months planning, designing, communicating and implementing your auto-enrolment solution ahead of your staging date. You’ll need to prepare as early as possible to give yourselves enough time to review and update your pension scheme, processes and systems.
Our approach to pensions / auto-enrolment is to ensure that as an employer stay compliant with the legislation and fulfil your employer duties. We also ensure your employees achieve the optimum level of retirement income through a combination of competitive scheme charging and top quality ongoing advice. Our service includes; current scheme audit, design, restructuring, implementation, administration and communication.
Mortgage Benefit
A zero cost benefit for employers to introduce and something that most companies do not yet offer. If you want to stand out from the other benefits packages around then this is a great benefit to include in your package.Our Mortgage Benefit service takes the stress out of buying property. Helpful and experienced advisers will guide your employees through the whole process, saving them time and money as well as making it much less stressful.
Our help begins prior even to finding a property by explaining the whole process and calculating how much they can afford.
After locating a property we identify and apply for the best mortgage but also assist with estate agents, surveyors, solicitors – anything they need help with.
We keep on top of everything with the mortgage lender and regularly update employees on progress.
When the mortgage offer is received we check that everything is in order. We then contact the solicitors to ensure that they have the offer and enquiries have been started. We keep in touch with them to assist with any problems.
Whatever life insurance or buildings insurance is required we make sure it is all on risk at exchange of contracts.
A Mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
