Overview
Providing a workplace pension scheme is a key part of a benefits package and a requirement under auto-enrolment regulations. However, we can also provide valuable support to our Workplace Investing clients, so they can add value for their employees with retirement planning and making the most of retirement savings.
Our Planning for Retirement series can help show clients how they can support their employees when they are planning for or moving into retirement.
Inheritance tax is changing and from April 2027, unused pension pots and certain death benefits will form part of an individual’s estate for inheritance tax purposes. In ‘A guide to retirement tax’, we explain the impact of upcoming inheritance tax changes, including the extension of inheritance tax to unused pensions from April 2027.
It outlines key allowances, exemptions and reliefs, from nil rate bands and spousal transfers to gifting rules, trusts and business relief. Designed for employers, it highlights practical planning considerations to help employees manage potential liabilities and support informed retirement decisions.
Income strategies in retirement have developed significantly, providing wide choices at the time of retirement.
In 'Investment risk and retirement', we evaluate investment risks and the income strategies available. This can help you to provide insight on the options and some considerations to help employees to balance risk for their own circumstances.
We explore some ways for employers to support their employees as they plan ahead, so they can look forward with confidence. We use the Retirement Living Standards, developed by the Pension and Lifetime Savings Association, which set out income requirements for a ‘minimum’, ‘moderate’ and ‘comfortable’ retirement. In conjunction with our retirement calculator, this guide can share how employers can support employees at work, but also better prepare them for their life after work.
Retirement has undergone a revolution during the 21st Century. There is no longer a default retirement age and employees can request flexible working. These changes have led to a more fluid, progressive concept of retirement.
In ‘The changing face of retirement’ we consider the implications of this seminal change and what it means in practice for employers and their employees, as people transition gradually towards their life after work.
It is important to consider the expenditure requirements in retirement and how needs may change. Being prepared and aware can help in retirement.
In 'Helping your employees navigate retirement', we consider how to manage income and expenditure during retirement, as well as health and tax considerations.