zlacker

>>toomuc+(OP)
Read somewhere that they get 12% match on 401k. No pensions, but there’s almost none of that in today’s world.

>>pixela+y3
Pensions seem nice to have, but IMHO, it's generally better for employer and employee when compensation is paid immediately. The accounting is simpler, accountability is easier, and there's no long term entanglements.

>>toast0+F5
Only if your tax system supports it.

In germany a pension comes from your gross salary, is untaxed and moved away. It then will be taxed later when you are retired but because you probably earn a lot less as a retire, you pay less taxes on it.

>>Steuer+s9
Similar in the UK: employers can offer a defined benefit pension plan (usually based on something like 1/60 of final salary time number of years worked) or more commonly now a defined contribution scheme (invest in to a market-based pension fund, where the employer selects the fund manager). Both of these are taken from pre-tax income, though at higher rates of income tax the employee will have to claim some tax back at the end of the tax year. These contrast with the SIPP, which is private to the individual and does not involve the employer, but has similar tax advantages to the DC employer scheme.