Money Purchase

iStock 000009292214XSmall 300x223 Money PurchaseA money purchase pension scheme is one in which both the employer and the employee make regular contributions usually as a percentage of salary.  The eventual benefits depend upon the investment return on the fund which has been accumulated

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John 35 and Paul 42 work in partnership as web designers

It was Paul who was keen to seek advice because it is John who has the marketing skills and Paul could see that if John left the business, died or could not work through sickness the business would suffer financially.

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