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A sate pension that pays 50% lol that's a big ask. I assume you have your employers pensions as well.
by Mauricebranagh 5y ago
A sate pension that pays 50% lol that's a big ask. I assume you have your employers pensions as well.
- ajsnigrutin 5y agoWe don't have separate pensions. You pay into the state (~25% of gross income, part is taken from your gross, part is paid by the employer, to get a 'gross-gross' value), and that's your pension. We have separate saving schemes for pension, where your income tax is deferred until you take the money out (due to progressive tax brackets, your tax percentage will be lower when you're retired, than it is now), but usually employers have nothing to do with that, and with interest lower than inflation, it's just not worth it.