he holiday bonus trends for 2024 reveal that while 60% of employers plan to offer bonuses this year, only 42% of employees expect to receive them. This disparity highlights the gap between employee expectations and organizational decisions. Holiday bonuses remain a crucial factor for employee satisfaction, with many relying on them for holiday expenses and…
The Employees’ Provident Fund Organization (EPFO) is planning to launch a special card designed to streamline access to Provident Fund (PF) accounts. This initiative, resembling a debit card system, will allow employees to access and withdraw their PF money with minimal paperwork and effort. This innovative move is aimed at modernizing the EPFO system by…
Employees’ Provident Fund (EPF) is a crucial resource for employees looking to make significant life investments, like purchasing a new home. The Employees’ Provident Fund Organization (EPFO) has streamlined the process of withdrawing EPF funds online for such purposes. According to EPFO guidelines, members can withdraw up to 90% of their total contributions to fund…
Labour’s recent budget overhaul has significantly reshaped the UK’s pension landscape, sparking widespread debate. Key changes include removing inheritance tax (IHT) exemptions for pension funds, which were previously a favored savings vehicle due to generous tax breaks. Critics argue these reforms may dissuade retirement savings and encourage alternative investments, such as property, which now appear…