variant line up to 4 variants, dropping the 2019 Perodua Bezza 1.3 Premium X (MT) citing low uptake rate
quite a substantial footprint.Geely claims that the Haoyue has an impressive interior space utilisation rate
eWallet instead of your card.Users who have enabled PayDirect in their TNG eWallet app will be able to pay
Meanwhile, imported (CBU) new and reconditioned cars can continue paying sales tax at only half the normal rate
over RM 2 billion.In a statement issued by MHA, the institution said that the government will have to pay
Did I mention bigger wheels and tyres generally cost more, especially if your car comes with run-flat
With the factor of a 10 percent down payment and an average interest rate of 2.27 percent on a 9-year
their vehicles at an authorised service centre.That said, if you plan to finance a used car, expect to pay
rendering of how it could look like.The all-new Japanese coupe is expected to be powered by a 2.4-litre flat-four
insurance), you are looking at a monthly repayment of around RM 1,120, factoring in a 2.27% interest rate
battery with the connectors and the atmosphere.A battery with come corrosion on the terminals is not flat
reflect the revised payment terms with borrowers/customers with hire-purchase (HP) loans and fixed rate
Customers are entitled to a low-interest rate from 1.88 percent and a 1-year warranty during this promotional
extended until July 2025.Assuming you have made full payments in the last 90 days, you don’t have to pay
Your car ownership experience isn’t complete without having at least one flat tyre incident.
One way to pay less road tax in Malaysia is to opt for a smaller engine, which usually means opting for
In 1949, the loan tenure for a VW Beetle was 12 months with an interest rate of 9 % per annum.
insurance) as an example, the monthly repayment is roughly RM 1,100 per month, assuming 2.25% interest rate
programme at selected Shell petrol stations.As the name describes it, RFID fuelling will allow customers to pay
pandemic.With all activities and businesses put on pause, many people were either forced to take massive pay
locally-assembled cars will be exempted from paying 10 percent sales tax while imported vehicles will see the rate
DC Fast Charging can be done at a maximum rate of 50kW (80% charge in 36 minutes).
owners who took financing packages from BMW Credit Malaysia are still bounded by their contract, to pay
Renault, was accused of concealing more than $90 million of compensation.SEC states that Nissan will pay
your regular Toyota Alphard and Vellfire aren’t posh enough for your liking, you might want to pay
through mobile apps, there’s no surprise if some modern car owners have never had to change a flat
plans to roll out features/upgrades remotely, over-the-air style.That means that owners will need to pay
Powering the all-new model is a 2.4-litre flat four engine (235 PS, 250 Nm), paired to either a 6-speed
Flux is currently running a special deal where you just need to pay RM 99 on your first month of any
Call for Government to do more to address pre-existing under-funding of infant feeding and health visitors , as well as the new challenges caused by the pandemic, from @alisonthewliss #maternitypetition
Very disappointed at @Scully reiterating the false claim that the UK’s maternity leave & pay is generous. The flat rate of Statutory Maternity Pay is roughly half the legal minimum wage for a 35 hour week. Most parents can’t afford to take their entitlement #maternitypetition
Information: If you are at risk pregnant & are shielding due to public health advice, then you ARE entitled to be furloughed & placed on the Job Rentention Scheme. Some women are simply receiving SSP or having to apply for UC when they should be getting 80% of wages.
Employees who qualify for Statutory Maternity Pay, will still be eligible for 90% of their average weekly earnings in the first 6 weeks, followed by 33 weeks of pay paid at 90% of their average weekly earnings or the statutory flat rate (whichever is lower).
@resfoundation report puts forward v creative mitigation to risk that firms will take business disruption loans without employing staff - keeping a % of the collateral of any firm that does this
Other main recommendation is that wage subsidy to keep employees attached to firms is a flat rate Statutory Retention Pay, mimicking Statutory Maternity Pay, paid out at flat rate of £151.20 (for most people).
The #COVIDー19 furloughing scheme is an adaptation of Statutory Maternity Pay (SMP)On SMP, people shift to flat-rate c£150 a week, after first 6 weeks at 90% of gross pay. Lasts 33 weeks. People remain on payroll.A gradualist model for @RishiSunak
Interesting - is that because of the rate drop for higher earners, do you think?
It's because with the exception of Statutory Maternity Pay the UK system does not provide earnings insurance but low value flat rate benefits.
We are arguing for the flat rate of statutory maternity/paternity/parental pay to rise to the minimum wage for full time work as a first step towards decent pay for #maternity and parental leave.
This is a tricky one to answer as there are a lot of variables: Hold were/are you when you won the money. What is you life expectancy (calculated genetically i.e. the average age of death going back two generations on both sides. So the age of death of your parents (if they are indeed dead), the age of their parents (grand-parents to you, on both sides. You do that as a statistical “mean” i.e. add up the ages at death of all 6 person and divide that total by 8. Form the example below that would provide and mathematical average of 80. Or you could use the “median” method that is to say line up the ages from youngest to eldest and then take the average of the middle two values. That is to say you parents died at 81 and 83; but you Maternal Grandparents died at 75 and 78 ; and you paternal Grand parents died at 79and 84 then you would line them up: 75, 78, 79, 81, 83, 84 . So the median value would be the 79&81 and because you a round number for the statistic you would add those together making 160 then divide by two (for the difference) , which in this case would be 80. Ironically by coincidence in this case both median and arithmetical average figure is the same: 80 years life expectancy. How much savings you had already. Do you already own your own property, or the amount of capital from the lump sim of the lottery to settle it, leaving the remainder for investment. Have you other debts that you are servicing in terms of loans and Credit Cards, as they need to be settled in full to prevent you paying interest and charges, which would eat in to your cashflow in any case. Having now established your own life expectancy by statistical analysis, you now have to look at the age you are now, the age you expect to retire, and the expected date of death. As we are increasing longevity (there are more people over 80 years old in the UK now , than there was in 1970s, when the life expectancy of a man was 71–77 years and a woman 73–79 (Statistically women live longer than men, particularly [for some reason] those who have had children). So using you scenario where the statistical and mean age of death on both sides of the family is 80 years old, you now have to deduct your age from that. So say (I have to be careful here -:) ) you are 40 years old when you won,/win, the lottery, that means that the money as an income is going to have to last you for a further 40 years i.e. until death. Now you have the fun game of factoring in Inflation. What £11K per annum purchased in 1990, would need about £35K per annum to-day to cover the same goods. That is why it is so important to take in to account potential inflation changes. Bear in mind back in the 1970s we had an inflation level of near 20% pa flat. I were 50 then, and my life expectancy adjusted for time (as above) my death expected 75–77; that would mean I need an income for the final 27 years of my life, to keep me fed, watered, and a roof over my head. Assuming that you have paid your mortgage and own your property out-right, that means you are safe in terms of shelter and given the way that rentals on even a basic 1 bed apartment have jumped from £180 per month in 1985, to well over £1,100 as at 2020. that is a 750% increase in 35 years. That is a hell of a leap. In the UK part of that is to do with size of Britain in terms of surface area and the number of people living here (The official Census count (2018) is 66.46 Million ) and that does not include immigrants illegal or otherwise i.e. not registered in the census as they were not legally here. You can probably push that up to near 69 Million. It is estimated that by 2025 that there will be more people over the age of 65 and below the age of 18, than there will be jobs, and indeed that is already the case. If you factor in those in jobs will be fewer than 50% of the population i.e. 33 Million by the year 2050 as we have fewer being born now than we had between 1900 and 1970. However to compensate for that lower birth rate, people are living longer which causes another headache. If you have fewer people working because the jobs are not there, the income from (UK National Insurance) will fall; in turn that means less funds available to those who will need either National Health support or support in their old age. Indeed it has been suggested for some time, the State Pension will cease to exist, at best means tested by 2040. Indeed it was only three years ago that the State Pension age of 60 for women and 65 for men; has now been brought up to a common State Pension Age of 67 years old. That means that your State Pension (if indeed there is one) will have to rise in line with inflation and more (which will never happen). To that end you are going to have to save for your old age out of your own investment/pension. Assuming that you have been lucky enough to work from the age of 16 to the now retirement at 67; that means you have 51 years worked. So you are going to have to have put away a hell of a lot of money when you were younger, in the 1980s it was suggested that you put away 5–7% of your gross salary in to a pension fund. We are now talking nearer 10% of your gross annual salary just to cover the increase in the pensionable age. Again indeed if it does exist in 2040. Most people these days have breaks in their careers whether it be due to starting a family (for girls) but for both sexes, unemployment due to redundancy. Again note the difference in the UK between the “Official” unemployment figure 2.1 Million-( which is optimistic !); I would dare to say that you could increase that by at least 50% if you include people who are looking for work, or alternatively on maternity leave and receiving a lower income than their salary (Government Statutory Maternity Pay [SMP]). That means if you have the proverbial 2.4 children per family unit (which is not actually true as a gross population of women able to conceive, the factor is nearer 1.8 children per family unit, unless you include the immigrant population, which raises the figure again to about 2.2 children per family unit. The assumption that the mother is going to have 2 children (just of ease of calculation) the average term of confinement for a mother before and after the birth of the child is 13 weeks before and 26 weeks after the birth of the child. so a total of 78 months on basic maternity pay. Assuming that ALL pregnant women are on SMP and not on retained pay from their employer payroll, that means 78 months FALL in household income. Also it is unlikely that the mother will return to full time employment and works part time, after those 78 months, that will still reduce the household income before she had the children. This brings us full circle to how old you are and you plans for starting or already with a family and you and your partner’s life expectancy, against how long the children are going to need full financial support with school, feeding, clothing etc. more so if they go on to Further /Higher Education. Of course that also affects the length of time that the children will need financial support, increasing the need for a larger contribution to your pension at an early age, if you do indeed intend to have children. So now we could be looking at as much as 12% of your combined annual income being diverted to a pension scheme(s) - and I do recommend you have more than scheme with more than one insurer. As we have seen in the UK pension companies at one point seen as near “bomb proof” get in to severe financial difficulties and cut their projections for annuities and final pay-outs. That also means that if the Government scheme does become income based, then there is going to be a whacking great hole in many people’s finances as many will not receive a pension, or at least not what they expected ! Now to come to the actual question, and depending you have complied with the above assumptions, which will give you and your partner a near comfortable retirement to you are the age of 80, you will probably need a win (and deducting the sum that you have saved had you not come in to the lottery), something in the region of GB£27 Million cash to live off, again assuming that the return on capital employed is factored in on the investment of that GB£27 Million to provide from the date of winning at 50 years old and your death at 80. That figure would factor in issues like inflation. However if you were to win at the age of 35, again you would be looking at increasing that capital sum to near GB£40 Million again to take account of inflation until you die 40 years on. So assuming you have no other income and just that created by the lottery win, for the “older generation born1960- 1990” to just live off the interest on the capital sum you would need about GB£27 Million. If you get a reasonable rate of return on the annuity, giving you a survivable income and index linked to inflation, you would probably need a win of about GB£22–24 Million to give you a stable income for you and your partner; and to provide for your children who will (we hope) survive you when they leave home at say 25 years old, although at that time they may have contributed to the household income. However even they now face a jeopardy since if they want to get married/ partner and have children they are going to have an even bigger struggle than we are from the 1960s and 70s. Assuming that you have no children to leave money to i.e. you and your partner choose not to start a family. Then you may get a better retirement if you have both invested when you left school and then you can afford to liquidate or do “Equitable Mortgages” (Equity Release) on the property which you own. But if you have no one to leave it to, you may as well take the equitable mortgage/ Equity release as when you die, you don’t want to leave all that hard earned money to the Whitehouse/ 10 Downing Street/ House of Commons. It is playing with numbers largely and again how old the person who has posed the question is, and from there on how long they think they have left to live. My flat 30 Miles East of London in todays terms will realise about GB£100 000, by the time I am 80 it may be worth £1,000 000. So since it is unlikely that I will have surviving family I will still have to find and about the GB£ 22 000 000 to see me from now through to my death in 30 years time ! Scary isn’t it ! Chris R- London
The statutory right to paid maternity leave is 39 weeks, with the first 6 weeks paid at 90% of the employee’s average gross pay and the rest at a flat rate of £139.48 per week or 90% of their average gross pay, whichever is the lower. The employee is then entitled to another 13 weeks unpaid if they wish to take it. The employer is allowed to pay more than these statutory amounts if they wish, as long as they pay at least these amounts. I work for a payroll software company so deal with this every day. Although I have no solid statistics I can safely say that the vast majority of employees take the full 39 paid weeks but very few then go on to take the 13 weeks unpaid. Equally, it's quite rare for anyone to go back to work early although it does happen.
The U.S. isn’t very competitive with other countries when it comes to taking care of its workers, according to a new ,report from Glassdoor,. Conducted in cooperation with London-based Llewellyn Consulting, the report, “Which Countries in Europe Offer Fairest Paid Leave and Unemployment Benefits?” shows a sharp divide between American workplace benefits and those offered in 14 European countries. “In the U.S., workplace benefits like unemployment, maternity/paternity leave, and paid time off are part of the total compensation pie negotiated between employer and employee,” said Glassdoor’s chief economist Andrew Chamberlain in a statement. “In most cases, the responsibility to provide these necessary social benefits to workers falls to U.S. employers rather than the government.” This is in contrast to social policy across Europe, Chamberlain observed, which generally results in far more generous benefits than what is typical in the U.S. With unemployment at historic lows, the general sentiment among workers is that they can find another, better job elsewhere, particularly among millennials, 44% of whom ,Deloitte found, would leave their employers in the next two years. Benefits could make the difference between a talented employee staying or leaving to find a better package elsewhere. A separate ,Glassdoor survey, found that 79% of U.S. employees report they would prefer new or additional benefits instead of a pay raise, and more than half (57%) of people said benefits such as health insurance, paid vacation, paid sick days, and a retirement plan–some of which are mandated in European countries–are among their top considerations before accepting a job. Using the United States as a benchmark, this study compared of benefits in six key areas: Paid maternity leave Paid paternity leave General parental leave Paid holiday allowances Paid sick leave Unemployment benefits Data from the ,OCED Family Database, of all parental leave policies was analyzed for 14 countries including Denmark, France, Spain, Netherlands, Sweden, Finland, Italy, Norway, Austria, Belgium, Germany, the U.K., Switzerland, Ireland, and the U.S. It’s important to note that Glassdoor analyzed the U.S.’s parental leave policy as stipulated under the Family and Medical Leave Act (FMLA), which also allows unpaid leave for reasons other than childbirth, such as caring for sick children, spouses, or elderly parents. This was reclassified as “general parental leave” rather than “maternity leave” or “paternity leave.” There are differences from country to country based on government regulatory mandates, but those that ranked as the most generous are Denmark, France, and Spain, while the U.K., Switzerland, and Ireland are among the least generous. The U.S. brings up the rear in nine of the 12 areas ranked as well as an overall aggregate score of .03 for its benefits (or lack thereof). For comparison, Denmark scored a 7.8 and France came in second with a 7.2. Paid parental leave is now a hot-button issue as ,businesses of all sizes,are scrambling to offer what the U.S. government doesn’t. Under the FMLA, new parents (birth mothers, birth fathers, and new adoptive parents) are entitled to 12 weeks of unpaid parental leave. Working mothers in the U.S. may take short-term disability benefits offered at the state level, such as in California and New Jersey. Highlights from Glassdoor’s report: MATERNITY BENEFITS Maternity leave in all E.U. countries has to amount to a minimum of 14 weeks, but the time and pay offered in each country differs considerably. The U.K. offers the longest time at 52 weeks (1 year), 39 of which are paid at 90% of previous earnings for the first six weeks and the remainder at up to £140 a week. The U.K. is followed by Ireland at 42 weeks, 26 of which are paid at a flat rate of €188 per week. Germany, Spain, the Netherlands, France, Austria, and Denmark all offer at or near the statutory 14 weeks at full pay. PATERNITY LEAVE The U.S. has no mandated paternity leave. However, similar to U.S. maternity leave policies, many companies offer paid paternity leave to new fathers to help attract and retain talent. Paternity leave is still unregulated by the E.U., and entitlements vary dramatically. Austria, Germany, Ireland, and Switzerland offer no mandated paternity leave. New fathers in Finland get the most leave by far with 45 working days off (nine weeks), while Spain and France are the next most generous. GENERAL PARENTAL LEAVE In the E.U., general parental leave is different from maternity and paternity leave that new birth parents receive, and it is regulated. E.U. legislation states that parents have the right to take time off work to care for children up to 8 years old for a minimum of four months (16 weeks). The amount of time workers can take parental leave, and the pay offered during that time, varies by country. Each country sets pay during parental leave. France and Germany offer by far the most time off (three years), although not all of it is paid. Most countries offer less time than France and Germany, but with all of it paid. Denmark, Norway, and Sweden are the most generous in this regard. In Ireland, Spain (a full year), and the U.K., all leave is unpaid and Switzerland (not a member of the E.U.) offers no leave at all. The parental leave regulation in the U.S. is second to last when compared with these European countries. PAID HOLIDAY: ANNUAL LEAVE AND PUBLIC HOLIDAYS There is no statutory annual leave entitlement in the U.S. The number of days offered is left as part of the compensation package negotiated between the employer and employee. The average number of paid vacation days for U.S. workers is 10 days, according to a report by the Center for Economic and Policy Research. Paid holiday entitlement in the E.U. is set at a minimum of four weeks (20 days) per year, exclusive of bank holidays; however, a number of countries are more generous. Sweden, France, and Denmark offer the most, at five weeks (25 days) for a standard Monday to Friday job. The number of paid public holidays is highest in Spain (14), Austria (13), and Italy (12), and lowest in Switzerland (4), the U.K. (8), and the Netherlands (8). In the U.S., a report by the Center for Economic and Policy Research found the average number of paid public holidays workers are entitled to is six days. SICK PAY AND LEAVE The U.S. has no statutory mandate for paid sick leave, and the number of days offered is part of the compensation package negotiated between the employer and employee. Sick leave and pay are most generous in the Netherlands, where workers can be absent for up to 104 weeks (2 years), while receiving 70% of their salary. They are least generous in the U.K. (28 weeks, paid at a flat rate of around £88 a week); France (26 weeks, paid at 50% of earnings); and Ireland (dependent on the specifics of a worker’s employment contract). UNEMPLOYMENT BENEFITS Like most areas of social policy, unemployment benefit systems across countries vary widely, making it challenging to compare countries. The amount paid and the time period covered can depend on factors such as how long someone has been working, whether he or she has dependents, and even on age. The U.S. offers between 40% and 50% of earnings for up to 26 weeks, depending on the individual state. Unemployment benefits (taking both benefits and the eligibility period into account) are greatest in Denmark (90% of previous earnings, for up to 104 weeks) and Belgium (65% of their prior earnings for the first 13 weeks) They are least generous in the U.K., Ireland, and the U.S. “Providing benefits and other workplace entitlements is a complex responsibility for governments and businesses,” Glassdoor’s Chamberlain says. “Striking the right balance is never easy.” Thanks VS
I am from the UK and much prefer the UK system. I never even thought about healthcare till I moved to the US. Perhaps I was lucky back home, but the whole process was much more relaxed and efficient, felt less like a visit to a conveyor belt assembly line. Waiting rooms were comfy, laid back with mood lighting and tropical fish tanks to relax patients waiting to see doctors. No fees or copay but they do take 12% of your pay check for national insurance which covers your healthcare. If your a child or under a income threshold, unemployed or a student under 25 it’s completely free. Prescriptions are flat rate means tested so many low income people don’t have to pay. My sister had both her kids at home in the UK. She was not rushed, had two midwives and was allowed 4–5 days in hospital to recouperate from the experience if she chose. She also got 6 months Statutory Maternity Pay First 6 weeks: 90% of average weekly earnings (AWE) before tax the remaining 33 weeks: £148.68 or 90% of their AWE (whichever is lower) When I was a kid my friend cut his hand badly with a hunting knife. We went to emergency, Quick and efficient paid nothing. Here in the US. My friends son broke his ankle playing American football in school. He was in between jobs and had basic health insurance which refused to cover his sons injury. Wouldn’t pay any of it because playing sports at school wasn’t deemed an accident. Cost a couple of thousand dollars where in the UK there would have been no question and no charge.