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Originally Posted by Womble
Crazy. Here there's a requirement for employers to offer a workplace pension scheme and they have to contribute at least 3 percent of your salary if the employee contributes. If you're a professional you can expect anywhere from a 5% to 12% employer contribution. Also the government guarantees 90% of your total pension amount if you're in receipt of a defined benefit pension and the pension scheme goes tits up. Although there aren't many defined benefit pension schemes offered anymore. British communism has its benefits.
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Most employers will contribute or match your 401K money. So say you are sitting aside 3%, they would match that for a 6% contribution to a 401K every payday.