Employee Benefits in United Kingdom (UK) 2021

Report
77 Pages
February 2021
Region: United Kingdom
GlobalData
ID: 5264229

Summary

The UK has one of the most comprehensive and well-established welfare systems in the world. It is predominantly controlled by the social security system. Welfare benefits in the country are disbursed under various schemes, such as cash benefits, healthcare, education, housing, and personal social services. Cash benefits are classified into three subgroups: national insurance; means-tested; and non-contributory benefits.

Key Highlights

The Department of Work and Pension (DWP) is responsible for the overall functioning of the UK’s social security system.
The DWP ensure a decent income for pensioners and encourage people to save for retirement, it ensure value for money and reduce fraud and error. It encourage people to work. The DWP ensures to reduce work-related injuries and diseases with the help of a Health and Safety Executive
The National Health Service (NHS): This provides medical, dental, and ocular treatment free of charge for people living in Great Britain and Northern Ireland
In the UK, private retirement benefit plans are provided under Pillar II. Pillar II comprises occupational, company, or workplace pension schemes.

The report provides in-depth industry analysis, information and insights of the employee benefits in UK, including -

Overview of the state and compulsory benefits in the UK, detailed information about the private benefits in the UK, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the UK.

Scope

This report provides a detailed analysis of employee benefits in the UK -

It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
It highlights the economic and regulatory situations relating to employee benefits in the UK

Reasons to Buy

Make strategic decisions using in-depth information related to employee benefits in the UK.
Assess the UK's employee benefits market, including state and compulsory benefits and private benefits.
Gain insights into the key employee benefit schemes offered by private employers in the UK.
Gain insights into key organizations governing the UK's employee benefits, and their impact on companies.

1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions

3 COUNTRY STATISTICS4 OVERVIEW OF EMPLOYEE BENEFITS IN THE UK5 REGULATIONS

6 STATE AND COMPULSORY BENEFITS

6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Eligibility
6.1.3 Benefits
6.1.4 Payment Options
6.1.5 Contributions
6.2 Death Benefits
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment Options
6.2.5 Contributions
6.3 Long-term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment Options
6.3.5 Contributions
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment Options
6.4.5 Contributions
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment Options
6.5.5 Contributions
6.6 Workers’ Compensation
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment Options
6.6.5 Contributions
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment Options
6.7.5 Contributions
6.8 Other Benefits
6.8.1 Family Benefits
6.8.2 Minimum Resources Benefits
6.8.3 Unemployment Benefits
6.8.4 Long-term Care Benefits
6.8.5 Leaves and Holidays

7 PRIVATE BENEFITS

7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Accidental Death and Dismemberment Benefits
7.6 Other Benefits

8 APPENDIX

8.1 Methodology
8.2 Contact the Publisher
8.3 About the Publisher
8.4 Services
8.5 Disclaimer

List of Tables

Table 1: Employee Benefit Definitions
Table 2: The UK - Country Statistics
Table 3: The UK National Insurance (NI) Contributions Thresholds
Table 4: The UK - Class 1 NI Contribution Rates for Employee
Table 5: The UK - NI Contributions for Employers
Table 6: The UK Workers’ Compensation - Payment of Constant Attendance Allowance
Table 7: The UK Maternity and Paternity Benefits - Statutory Maternity, Paternity and Adoption Pay, 2020-2021
Table 8: The UK Unemployment Benefit - Contribution-based Jobseeker’s Allowance
Table 9: The UK Unemployment Benefit - Income-based Jobseeker’s Allowance
Table 10: The UK Leave - Fixed National and Public Holidays 2021
Table 11: The UK Number of DB Schemes

List of Figures

Figure 1:-United Kingdom- Main Institutions of Social Security System

PURCHASE OPTIONS

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SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€1434EUR$1,495USD£1,240GBP
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ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€4303EUR$4,485USD£3,721GBP

Table of Contents

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