The Chosun Ilbo on MSN
South Korea ends severance pay, mandates retirement pensions
The existing severance pay system, where companies accumulate retirement funds internally, will be abolished and unified into a ‘retirement pension’ system where funds are deposited in external ...
Salary sacrifice schemes allow workers to swap part of their pay for higher pension contributions, cutting NI while boosting retirement savings.
The schemes enable people to maintain their take-home pay, as people end up paying lower national insurance contributions ...
From 2029, salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from national ...
Salary sacrifice pension changes have been branded at Westminster a stealth tax on working people as the UK confronts a ...
In response, National Treasury Cabinet Secretary (CS) John Mbadi said that the government is developing an end-to-end pension ...
PenCom has rolled out a new digital platform aimed at eliminating long-standing data gaps in Nigeria’s pension system ...
Finance Minister Matia Kasaija has said the Uganda Retirement Benefits Regulatory Authority (URBRA) 2025-30 Strategic Plan is critical in expanding retirement savings and strengthening social security ...
PenCom and PFAs have launched a new self-service platform for pension data recapture, allowing RSA holders to easily update ...
Budget 2026 did not contain any specific announcements related to NPS contributions, tax benefits, withdrawals, or annuity rules. The scheme continues to operate under existing regulations and policy ...
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