Pensions in 30: 1. UK workplace pension provision

The Month in Pensions - Gowling WLG

Key points

• Pensions in the UK are provided in a number of different ways:
  • state pensions versus private pensions;
  • occupational versus personal pensions; and
  • trust-based versus contract-based.
• Employers provide pensions to fulfil legal obligations, because they are a tax-efficient benefit and to retain and attract employees.

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