Employees are missing out on tax relief on their bonuses because they are failing to put the money into their pension, instead choosing to spend it on treats, Aviva has said.
The provider found a mere 9% of people who received a cash bonus in the past opted to have part of it paid into their pension, a move known as ‘bonus exchange'. Instead, 39% chose to spend it on a treat...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till