Many employers offer a contribution to your retirement plan. In the US it is called a work sponsored 401(k), in the UK it is a personal pension plan – PPP.
How does it work and why use it?
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tax relief – money goes to your personal pension plan or 401(k) account before you pay tax from them,
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your employer’s contribution – extra money you receive from your employer to your retirement plan if you decide to save your money for retirement.
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