Benefits and Pensions
The added extras that make all the difference.
Simply PAYE have teamed up with Zumo Health, to offer the people we pay, a more immediate healthcare solution at an affordable price for you and your family.
Through Simply PAYE, Zumo health can offer you 24/7 instant access to a UK GP and same day prescriptions for just 59p per day.
Most conveniently, this service is offered to you on a month-by-month, direct debit basis with no maximum term!
Once registered, you will have additional access to Mental Health, Legal and Financial Support. Personal and instant support at a low and discounted rate.
If you would like more information, please contact James on 01923 537403 or email support@simplypaye.com
In addition, we have provided various links below, where you will find all the information you may need:
Eligible users get FREE access to our new discount website partner - Edenred.
In order to take advantage of the hundreds of offers, you just need to click on the Register button below and fill in a short form, to be added to our system.
Once you have received your first payment through us, you will be granted access through an email link. This is usually within 48 hours.
If you already have login details, please select Access Edenred.
We want to make sure that we can provide genuine cash savings to help your money go further.
Fresh offers are added to the platform regularly and you can pick and choose to redeem these via your PC, tablet or even phone, using the dedicated app.
Saving for retirement (private pensions)
It can be easy to put off or even forget about the future, especially when you are younger and may feel that pensions aren’t something you need to worry about. But there are many reasons to consider putting something extra away for retirement – especially if you are a contractor or agency worker and do not qualify for auto-enrolment. Or even if you want to add a bit more, here’s how and why:
1. Tax relief: When your income is over a certain level, the government takes tax from your earnings. You can see this on your payslip. If you put money into a pension scheme, it qualifies for tax relief, so some of your money that would have gone to the government as tax now goes into your pension pot instead. This is one of the benefits of a pension over a traditional savings account and is why pensions are so important.
You can usually take up to a quarter (25%) of your pension savings as a tax-free lump sum, so if you’ve built up your own pension pot over the years, you can draw down a chunk of it without penalty and use the rest of your pot however you choose when you reach the age of 55.
2. Compound Interest: Don’t be put off by the complex term - compound interest simply refers to how your pension fund grows and benefits from the sheer time that amounts remain invested: Interest gets paid into your pension plan and is then reinvested again along with your contributions, meaning the longer you leave money in your pension, the more compound interest it will generate and the larger your pot could become. This can be highly beneficial for pension savers as it builds and grows over time. This is why generally people are advised to start saving sooner, rather than later, to get the benefit of extra years (or decades) of interest.
Employee and Worker Auto-Enrolment Pensions
If you are employed, then your employer may be obliged to automatically enrol you in a pension scheme. As there are a broad variety of schemes available and we are not qualified nor registered (FCA), we cannot possibly advise you within this field. However, eligibility is specific and must meet certain criteria: Minimum earnings, contributions levels, etc are all set by the government.
Please speak to your employer’s payroll/HR department or your manager concerning your pension options or Simply PAYE Ltd to see if you are eligible.