Benefits of a pension

[attagirl]

There are several benefits of having a pension such as:getting tax relief on your contributions, you can take a tax free lump sum when you retire, you can often choose the funds you invest in, others can pay into your pension on your behalf and last is that you do not need to be working to have a pension fund.

[APhillips86]

I have a 401k plan through my work (I'm not sure if its the same thing, i'm kinda dumb in this field, but i'm assuming it is at least similar) the main reason I signed up for the plan was so I would have some extra money at my disposal when I retire. I want to make sure I am set when I can no longer work.

[financestrategy]

its a stick for the elderly retired person. a stick which provides strength to move on without depending on others. again it certainly adds to the tax benefit just as my friend attagirl said. but more than the tax benefit a person is concerned about his future after retirement which is quite eased off. pension acts as the back bone of a retired person making him self sufficient.

[Consultant_Lorens]

The most important benefit for a pansion is that you can continue to lead your life as you do today withut depending on anyone. Its a financial assistance for your oldage. I agree that there are benefits of tax associated with it, but the most important advantage is that it makes the person self-dependent.

Regards