#1 (permalink) Mon Aug 21, 2006 13:24 pm Retirement and pensions question |
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Business English Lesson, Advanced Level
ESL/EFL Test #160 "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 "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 _________________________
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??)
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FangFang I'm here quite often ;-)

Joined: 18 May 2006 Posts: 369
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