Business Terms and Jargon Explained

What is Pension Contributions

This is payments made into a pension scheme. In this scheme once you have retired you will receive a pension, a regular payment of income. The amount will depend on how much you have put in and for how long.

There are many different types of pensions e.g., employers pension, state pension and private pension

All payments into a pension is tax deductable.

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Term created / updated 2006-06-29 13:19:59

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