Employee Benefits in the UK 2025
Description
Employee Benefits in the UK 2025
Summary
The report provides in-depth industry analysis, information, and insights of the employee benefits in the UK, including an 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.
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, childcare housing, and personal social services. Cash benefits are classified into three subgroups: national insurance; means-tested; and non-contributory benefits.
Key Highlights
This report provides a detailed analysis of employee benefits in the UK-
Summary
The report provides in-depth industry analysis, information, and insights of the employee benefits in the UK, including an 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.
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, childcare housing, and personal social services. Cash benefits are classified into three subgroups: national insurance; means-tested; and non-contributory benefits.
Key Highlights
- HM Revenue & Customs, the Department for Business, Energy, and Industrial Strategy (BEIS), and the National Health Service are responsible for the functioning of the overall social security system.
- A person’s national insurance contribution is determined based on their income.
- An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
- In the UK, employers offer supplementary retirement benefits through occupational, company, or workplace pension schemes under Pillar II.
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 benefits, long term care benefits, minimum resource benefits, leaves and holidays, termination process, and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in the UK
- Make strategic decisions using in-depth information related to employee benefits in the country
- Assess employee benefits of the market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the country
- Gain insights into key organizations governing employee benefits market, and their impact on companies
Table of Contents
71 Pages
- 1 Executive Summary
- 2 Introduction
- 2.1 What is this Report about?
- 2.2 Definitions
- 3 Country Statistics
- 4 Overview of Employee Benefits in the UK
- 5 Regulations
- 6 State and Compulsory Benefits
- 6.1 Retirement Benefits
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.2 Death in Service
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.3 Long-Term Disability Benefits
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.4 Short-Term Sickness Benefits
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.5 Medical Benefits
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.6 Workers’ Compensation Insurance
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.7 Maternity and Paternity Benefits
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution
- 6.8 Other Benefits
- Family Benefits
- Unemployment Benefits
- Long-Term Care Benefits
- Minimum Resources Benefits
- Leaves and Holidays
- Termination process
- 7 Private Benefits
- 7.1 Retirement Benefits
- 7.2 Death Benefits
- 7.3 Medical benefits
- 7.4 Disability Benefits
- 7.5 Accidental Death and Dismemberment Benefits
- 7.6 Other Benefits
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: the UK – Country Statistics, 2024
- Table 3: the UK – NICs Thresholds
- Table 4: the UK – National Minimum Wage April 2025
- Table 5: the UK – Class 1 NI Contribution Rates for Employee 2024–25
- Table 6: the UK – NI Contributions for Employers April 2024–April 25
- Table 7: the UK – Weekly Statutory Sick Pay Rates for 2022–23
- Table 8: the UK – Industrial Injuries Disability Benefits Level 2025 to 2026
- Table 9: the UK – Payment of Constant Attendance Allowance from 2025 to 2026
- Table 10: the UK – Statutory Maternity, Paternity, and Adoption Pay, 2025–26
- Table 11: the UK – Working Tax Credit, Eligibility
- Table 12: the UK – Additional Benefits
- Table 13: the UK – Benefits of age
- Table 14: the UK – Income-Based Jobseeker’s Allowance
- Table 15: the UK – Fixed National and Public Holidays 2025
- Table 16: the UK – Number of DB Schemes 2024
- Table 17: the UK – Mileage Allowance Payments
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