This year, @DWPgovuk confirmed it will back proposals to expand pension saving to young and low earners, enabling millions of people to save more.
These measures will make a big difference to people’s pension saving over the years ahead.
Read more: https://t.co/b57zSp195C
Salary access, not a salary advance.
Hi gives employees free and flexible access to the money they’ve earned.
Hi will never charge employees to access their earned money.
Get in touch to find out more: https://t.co/zmmhsCQVdl
#PayFreedom#Payments#Salary#Flexiblepay
@LukeMassie@Stale_Bull @Vikkimoop @elonmusk@Twitter@Hi55Ventures To truly disrupt and feed the Fintech revolution @Hi55Ventures believe it starts with the democratisation of #payroll Only then can we take employees off the concept of once a month pay and move to real time settlements. Imagine paying your mortgage as you earn - huge savings!
@LukeMassie totally agree as I still find it amazing that employers push early wage access to employees that charge like payday lenders under the banner of financial wellbeing. The sooner the regulator gets involved the better.
Paying creators is great @elonmusk but asking them to wait 60 days is crazy, there should be a factoring element to it and also instant payouts. Money should be paid directly into creators bank accounts (which they could link to @Twitter) and there should be no payout fees💰
@Hi55Ventures@CityAM@Hi55Ventures think the worst is yet to come. Credit will tighten and become expensive, for those lucky enough to find it. household cash flows will be challenged and layoffs will become the new norm.
Repeated use of a chargeable (salary advance) scheme, particularly at the end of the month, is equivalent to a high implied interest charge.” – The National Audit Office.
Hi will never charge employees to access their earned money.
Get in touch: https://t.co/zmmhsCQVdl
#Salary
According to a report by @hyperjar, almost 20% of Brits say their biggest debt comes from BNPL usage.
With Hi, employees can get free and flexible access to pay, so they can budget more efficiently and boost financial wellbeing.
How we can help:https://t.co/HDAHN1rYEP
#payroll
@Stale_Bull@Visa@ZayZoon@Hi55Ventures@Mastercard It is @Hi55Ventures belief that charging employees for money they are owed is not a looking after their financial wellbeing. Charging rates like these is akin to feeding your employees with payday lending in our opinion.
It really is an excellent offer and a top gesture from @Hi55Ventures to honour the deal at 60p.
If you have funds in an ISA and didn’t want to withdraw those funds to take part, it has been confirmed that payment can be made in the new tax year, as to not impact your allowance.