Personal allowances are going up, but salary sacrifice is being reduced - and employees need to think about their finances
With both the National Living Wage and personal allowances due to rise in April this year, employees will be looking forward to 'keeping more of what they earn', to quote Chancellor of the Exchequer Philip Hammond's Autumn Statement 2016.
But they also need to be aware that with the reduction of salary sacrifice benefits and an increase in Insurance Premium Tax (IPT), some key savings will be reduced.
So what will be the key to employees staying ahead of the game with their finances in 2017? Over the course of the year, WEALTH at work and Reward will be blogging about financial education, workplace savings and pensions - examining how companies can support their staff in making the right monetary decisions and staying financially well.
Follow the blog series HERE