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Finance OS: Pension contributions

The Meaningful Money Personal Finance Podcast

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The Importance of Enrollment in Pensions

Some companies pay people very low basics and big bonuses. They didn't want to have big fluctuations in pension contributions as well. So they could actually pay 9% of earnings, but only on basic salary. This was introduced in Australia many years before this. And I've got to figure they're up to something, 12% earnings now. But essentially now you've got the basics of how workplace pensions work,. all right, but we need to get practical. It still makes me smile. Yeah.

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