2 ms·
Isnt that the american style? Saving up for pensions urself? I never quite understood the steucture
by onesandofgrain 8mo ago
Isnt that the american style? Saving up for pensions urself? I never quite understood the steucture
- bryanrasmussen 8mo agothe pension that the government provides in most places is not enough to support someone in a continued middle class life, therefore you may often get a pension on top of your governmental pension from a company. The money paid in to this pension is often beneficial to you in that it will not be taxed as part of your income therefore you are deriving a benefit for your work that you do not get taxed on presently. Obviously when you get your pension you will be taxed but probably at a lower rate than when actually working. These pensions that invest and compound your investment over time can turn a comfortable middle class life into a very comfortable retirement, the American model instead of the European model of these kinds of company investments tends to be more risky however, and so there can often be scandals where you were supposed to be getting a pension but the rich company looted you and you're screwed hah hah.
- bryanrasmussen 8mo agoso for the case of negotiating for a job in Europe, if it is a good job, you should often consider not just the present wage but what the pension gives you. For example you may get a pension of 5% of your wage goes into the fund, and the company you work for matching that, indicating 5% extra wage that is not part of your taxed income. Depending on how your life is structured it may be smarter to go for a pension.