Ch5 1.10 paying for pension scheme

Discussion in 'CP1' started by amelhypo, Feb 11, 2024.

  1. amelhypo

    amelhypo Member

    Is funding for the pension scheme the same as making the contributions? I'm a bit by the terminology used here.
    Thanks!
     
  2. Ethan

    Ethan Keen member

    Funding can be made by sponsor / employer and employee
     
  3. Steve Hales

    Steve Hales ActEd Tutor Staff Member

    Yes, they're essentially the same thing. Contributions are made to fund the scheme. The scheme is funded by contributions (and investment return).
    Hope that helps.
     
    amelhypo likes this.
  4. amelhypo

    amelhypo Member

    Thanks for the clarification!
     

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