Robert Half, new salary guide is the perfect source for employees and employers to find salary data and recruitment trends in the finance & accountancy field. See the video that was put together below which explain it in details.
When money is tight and the recession is hard, people throughout the UK are looking for smart ways to keep their heads over water, pay bills and put food on the table. With the cost of living continually increasing and job situations worsening, it can be a scary time.
Because it is such a terrifying time for those that are living with these issues, people often look for quick-fixes such as short term loans or remortgaging. Although there are many harsh downfalls to be financially stretched, before you do anything you may regret make sure that you are properly knowledgeable about your options and what they might mean for you in the future.
What is pension liberation?
One of many options available is pension unlocking, also known as pension liberation or pension release. This option enables you to take the benefits of your pension before you retire. Even though this sounds like a great idea, it doesn’t always work out the way in which you expect it to. Usually, you can only take money from your pension once you have reached 55 or over.
For those that are below the age of 55, unlocking your pension might not be quite so straightforward. Here’s why…
Can I cash my pension?
Although most organisations do not allow you to access your pension funds before the age of 55, some schemes claim to provide you with “cash in my pension“ facility even before you retire simply by borrowing from your pension fund. However, simple is not exactly the word we would use for it, because many of these schemes try to trick you into paying back more money than you realise, without giving you much warning at all.
How do these schemes work?
The way in which these schemes work is by offering you 50% of your employee occupational pension fund as cash. You will be told that there are no upfront fees or deductions from your pension pot (which isn’t exactly true as you will find out the further you read on). Once you agree to the scheme they will then take full control over your entire pension fund simply by transferring it into a separate corporate bond, but often they won’t inform you of this side of things.
The company that issues the bond will then agree to loan you 50% of the amount transferred to them. Even though the company does not state anywhere or inform you of any fixed-loan repayment schedules, both the loan and the interest will need to be repaid in full before you retire.
These fees for the scheme will be taken out of the remaining funds in your pension pot, but at this point there is nothing you can do to stop them because the scheme has now been handed over full control of your pension.
The scheme will not tell you exactly when the charges being made are, neither will they tell you the precise level of these fees or charges, so your likely to end up with less money than you started with.
What is the investment risk?
If that’s not enough to put you off already, then you might want to think about the risk of pension unlocking. The actual value of you pension depends on the performance of the reserves in it. Which means if there is poor market performance, the value of you pension will be reduced, but the amount you repay back stays the same.
As you may have discovered in your professional life, the power of positive can really set things on the right path. In the workplace, being a positive employer and recognising your employees is essential for business progression. We take a look at how acknowledgement of team and individual performances can make or break the success of your business…
When it comes to employee recognition many companies tend to take a ‘one size fits all’ approach, which doesn’t go unnoticed by the wider team, who tend to give employers no credit if their strategies around recognising and rewarding employees are narrow-minded and generic. But how can you ensure you don’t fall into the same trap?
Recognising employees as individuals can really propel everyday business and give employees the trust and motivation to fulfil their job roles the best way they can and much, much more. As well as increased productivity, it is proven that employees have a greater level of job satisfaction, renewed and improved enjoyment at work. Loyalty was also a common trend amongst employees who felt valued by their employer or management staff.
Recognising and rewarding individual staff members also benefits the wider team too, and teams that are recognised as individuals tend to bond and work well together. Including recognition in your employee engagement strategy will also see your employee retention rates improve and reduce staff turnover dramatically with more individuals happy to stay and grow with the company, not leave in search of alternative opportunities. Sick leave, workplace accidents and stress also reduced thanks to workforce recognition.
Introducing employee recognition doesn’t have to be difficult and can be easily implemented into everyday business to ensure your company can profit from a reliable workforce. Making recognition a part of your routine is the first step of integrating it into your company and remember recognition doesn’t have to be a fanfare every time. Greeting your staff, referring to each by their name and building relationships on a more personal level can make all the difference – which isn’t always easy in larger corporations. Never underestimate the value of simply showing a sincere interest in your staff members’ lives.
Providing and recommending routes of progression within the company is also important when enhancing recognition within your company, after all a person that grows with the company is more likely to stay due to increased loyalty, trust and opportunities. Work with each employee to enhance performance and career goals, and broaden their horizons with training and other development. If they want to lead their own team, set them on the path to do just that and create your own talent pool in-house.
Not only will recognising ability help enhance motivation for the talented individuals being given opportunities to progress and fulfil career goals, it will also inspire other staff members to work hard and take a step towards their very own opportunity within the wider company.
Let employees know they’ve done a great job with regular appraisals as well as the rewarding of team and individual goals. Employees want to be given the thanks and appreciation they deserve so make it a part of your own performance goals to make your staff feel important every single day.
Getting your car insurance is sometimes ignored by women. It is very much important to get proper insurance for your car irrespective of your gender. Not getting proper insurance for your car can result in heavy penalties. You will also lose a lot of money any accident happens during this period. It is very simple to get insurance for your car and you should ideally lookout for cheap car insurance for ladies.
Common mistakes to avoid
When it comes to insurance, there are many mistakes that women tend to make which will cost them heavily. The most common mistakes is trying to drive around a car that is not registered in their name. Even though it might be registered in the name of another family member, you should make sure that your name has been included in the insurance policy of that car. If you are found violating this rule, you will have to pay large amounts as penalty. It can leave a permanent negative mark on your driving record and there are chances that your future insurance premiums will be increased to to this reason. You should avoid this mistake at any cost and lookout for cheap car insurance for ladies. You can find many attractive plans on the Internet.
How to get the best insurance policy
You should thoroughly research the Internet for cheap car insurance for ladies. This is the best way to find out the leading insurance companies in your region. There is huge competition among insurance companies and they come up with many attractive schemes. You should go through the features of all the leading insurance companies and choose the best one as per your requirement.
Getting cheap car insurance for ladies depends on many factors. Your previous driving record will be the main benchmark when it comes to finding cheap insurance for your car. Apart from that, the condition of your car and the safety equipment installed in your car will also play an important role. Your vehicle will have to pass the safety inspection to prove that it is in safe working condition. The age of the policyholder will also be considered while granting insurance.
It is easy to get cheap car insurance for ladies in many countries. This is because, statistics show that women drivers are found to be more safe than men. The number of insurance claims by women are far less when compared to that of men. For this reason, insurance companies are likely to offer lesser premium rates for woman. However, it is important to maintain a good track record and also make improvements whenever possible. Normally, woman or not known to be rash drivers and this is the reason behind lesser number of accidents involving women drivers.You should take advantage of this fact and negotiate for lower insurance rates while speaking to the agents. You should also make it a point to go through the insurance policy in detail before signing the document.
Getting a car is everyone’s dream. But with the inflation raising high and value for money coming down, it has not been a reality for many. Are you one among those who dream everyday to own a special car? Is money the only thing that is stopping you from realizing your dream? If you answer yes for these questions then you are the right place. The remainder of the article will explain to you in simple words you can buy your car with loan for car. There are many banks operating car loans and you have to be wise to pick the right bank based on your salary and also your budget constraints. Some banks offer car loans with very minimal interest, but then they have a limitation on the maximum amount that can be cashed as loan. Other banks offer huge initial payment but they charge you more in the name of the interest. So you have to think twice before signing for a car loan.
Most of the banks have now started publishing ads on big hoardings and also on television and the internet. If you walking on road, am sure you will pass atleast one hoarding that reads find a caravan loan here @ 4% p.a”. All these hoarding will have a condition apply statement which most of us miss. So, before you finalize any loan, you have to read these conditions that specify about the loan tenure, the rate of interest and also the documents you need to product to get this loan. Most banks need your payslip and proof of address records for signing any loan. Some banks also insist you produce a letter from the company your work as a record for your employment status.
Thus, once they get all the consumer information they need, the banks will then process the loan application. This will take some time as the bank has to do some ground checks on the information you have submitted. The average time for processing loan for car may vary from bank to bank but its close to a week. If your loan application is successful, there will be an employee from the bank who will contact you regarding the loan. The next step will be the fund transfer. This is done through cheque or interbank transfer if you have an account with the same bank that is processing your loan. After this step, the amount you had requested will be transferred to you. The interest for the loan will start exactly a month after the amount was transferred and you may pay it through cheque, cash or bank transfer.
So sign for a car loan today and buy your dream car soon. Realizing a dream is one of the best things a man could ask for and your opportunity to do that is not very far.