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Finance OS: Pension contributions

The Meaningful Money Personal Finance Podcast

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The Benefits of a DC Pension

The best option for the vast majority of people is to keep your DB scheme where it is not transferring out. In a DC pension, one of the tax benefits is that that fund grows tax-free. There's no tax being taken off it as it grows so it grows more quickly than if it was taxed. But you should tread extremely carefully if you are looking to transfer out.

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