Business English Lesson, Advanced Level
ESL/EFL Test #160 [color=blue]“Retirement and Pensions”, question 7
The most obvious reason for the existence of pensions is the tax advantage, since pension … are permitted to accumulate untaxed until retirement.
(a) benefits
(b) calculations
(c) contributions
(d) payouts
Business English Lesson, Advanced Level
ESL/EFL Test #160 [color=blue]“Retirement and Pensions”, answer 7
The most obvious reason for the existence of pensions is the tax advantage, since pension contributions are permitted to accumulate untaxed until retirement.
Correct answer: (c) contributions
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Hi,
You mean workers needn’t pay the pension taxes until they retire? But due to the high inflation they might pay more taxes when they get retired . Do you think it is still an tax advantage?? Personally, i don’t think it is good for the workers, maybe it is a tax advantage for the companies. By the way, How can those employers benefit from the pension expenses ?(only tax advantages??)
Thanks