WORKPLACE SAVINGS
We know our members have different needs. That’s why our savings options include extra ways of saving and investing for your employees.
Saving at every life stage
Saving through payroll could help your employees make the most of any spare cash available. Just some examples of employees who could make the most of saving through payroll are:
Higher earners with restricted pension limits
Graduate trainees who need somewhere to save for a home
Young families who want to start building a nest egg for their children
Whatever their age or goals, your employees can choose the benefits that mean the most to them.
A solution to savings inertia
Saving through a Workplace ISA or a Workplace Fund and Share account can promote good financial behaviour from your employees. Unlike separate, individual accounts, Workplace saving contributions come directly from employees’ salary. That means it’s easier for your employees to save what they need. And that’s not all. Saving through payroll into a Workplace ISA or Fund and Share account can be cheaper for your employees, as employers are often able to negotiate favourable discounts on management charges.
What do we offer?
A Workplace ISA
ISAs (Individual Savings Accounts) are one of the most popular and accessible ways to help your employees benefit from generous tax breaks. Our Workplace ISA is an easy to manage Stocks and Shares ISA which lets employees invest money conveniently through your payroll and/or with lump sum top ups – alongside their workplace pension.
A Workplace Fund & Share account
Our Workplace Fund and Share Account is an easy to manage investment account with no payment limits. It’s aimed at those who have used their pension and ISA allowances but want to invest more. Your employees get free live share prices, and an award-winning dealing service.
SPOTLIGHT ON:
Stocks & Shares ISA
Money in a Stocks and Shares ISA is free from UK tax. And although investing is best for the long term, your employees can withdraw your money whenever they need to. Each tax year (6 April to 5 April) there’s a limited amount of money you can put in ISAs. This tax year the ISA allowance is £20,000. Tax rules for ISAs can change and their benefits depend on your circumstances.
Fund & Share Account A Fund and Share Account is a low-cost, flexible account that allows your employees to buy, sell and hold your investments in one place. It’s aimed at those who have used their pension and ISA allowances but want to invest more.
Make the most of Hargreaves Lansdown
As our clients, your employees can also make use of our other accounts – albeit not through payroll. These include: