Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered. All the important terms and acronyms explained right here.
What are Pension Contributions?
Contributions made towards your pension are simply the amounts of money that are put into it. You make your own individual contributions, while in many cases an employer will also make contributions to the fund. You will receive tax relief on the contributions you make. In most cases, pension contributions are set at a certain percentage of your salary.