An employers’ pension can also be known as a company pension and is the pension scheme that is run by the company that you work for if they run one.
Many types of employer pension schemes are known as money purchase schemes whereby you and often your employer contribute a proportion of the amount of your salary to build up a pension pot that enables an individual to purchase an annuity when they are ready to retire.
With the introduction of NEST (National Employment Savings Trust) most employers will offer a company pension to employees’ requiring contributions from both employers and employees.
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