What Is Pension Contribution?
Money set aside from your salary into a pension fund for retirement.
Definition
Pension contributions are payments made into a retirement savings fund. They may be mandatory, voluntary, employer-matched or part of the state system depending on the country. Employee contributions are typically deducted before or after tax depending on local rules.
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Open Net to Gross Salary EstimateOther glossary terms
Gross Salary
Your salary before taxes and deductions are removed.
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Your salary after all taxes and deductions are removed — the amount you actually receive.
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A tax paid on earned income, deducted from your salary or paid on profit.
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Compulsory contributions paid by employees and employers to fund public welfare programmes.
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