Company Pensions
Finance
Wizzard Offers Information & Advice on Company Pensions.
A company pension is a pension scheme set up
and administered by a company for its employees.
Company Pensions can be contributory - with
employees making pre-tax payments direct from their
salaries - or non-contributory, in which case
the company makes the payments into the Pension on
its employees' behalf.
In contributory pensions schemes,
companies will commonly match employee
contributions. This is why financial advisers
usually recommend workers join company pension
schemes as soon as they can.
Pension holders will also be able to make pre-tax
additional voluntary contributions (AVCs) if they
wish. This involves paying into a separate fund that
will provide additional income for retirement.
Companies commonly offer a choice of several
investment products, usually varying in the amount
of risk involved.
There are a number of companies who should be able
to provide you with further information and advice
on all Pension issues. Your Pension Scheme is
valuable, make sure seek professional financial
advice.
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