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Pensions

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Business

Lessons no : 11

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Lessons | 11


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Abdul Wahab Mahar

Nicely explained. 2024-03-21

Michael Udebhulu

Very comprehensive and excellently delivered. 2023-11-22

Joel Akumu

This has been the most elaborate and well delivered program in the simplest way for anyone to understand. 2023-04-18

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A pension plan is a retirement plan that requires an employer to make contributions to a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the employee's behalf, and the earnings on the investments generate income to the worker upon retirement.What are the three main types of pensions? There are three main types of pension. The state pension (paid by the Government), 'occupational' pensions (your pension through work) and private/personal pensions (what it says on the tin). Work pensions come in two main types.A pension is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments.