
Income, Growth or both?
The Meaningful Money Personal Finance Podcast
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Is the State Pension Deducted?
In the late eighties, people were encouraged to pay less national insurance through their employer's scheme. The government realized that if this carried on, they couldn't afford to pay for it. They wanted to encourage people to take lessthon thation insurance and have that money go into a separate pension pot for themselves. So what effectually happened is mark that you would have paid lessnational insurance through your employer's scheme,. or you did what they called an appropriate personal pension. And most people will get that, but they don't atually know where it comes from. It's interesting, mather, you don't know.
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