A defined benefit (DB) pension scheme is one where the amount you're paid is based on how many years you've worked for your employer and the salary you've earned. Defined benefit plans are appropriate for employer-sponsored retirement plans. Like other eligible schemes, they offer tax incentives to employers and partner employees.
Read more here: A Comprehensive guide for your defined benefit pension plans
A defined benefit (DB) pension scheme is one where the amount you're paid is based on how many years you've worked for your employer, the salary you had earned, either at the end of your employment or the average over a period of years prior to your retirement (or leaving the company) and the proportion of that salary at which your employers scheme based your pension payout on (usually 1/60th or 1/80th).
Defined benefit plans are common for employer-sponsored retirement plans, especially older schemes.
Like other eligible schemes, they offer tax incentives to employers and partner employees.Read more here: A Comprehensive guide for your defined benefit pension plans
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The UK has been riding the wave of a property boom for the last decade or so, and boasts some of the most expensive property in the world.
London has been experiencing a massive property boom over the last few decades.
Increased investment from abroad, notably Russian and Chinese investors, has driven many of the property prices sky high.In addition, London (and to a wider extent the UK) is at a cultural and financial epicentre.
From the traditional charm of the Cotswolds to rural Sussex to Devon and Cornwall, records are being smashed all the time for property prices.Another reason the UK is experiencing a property boom is the availability of housing stock.
This brought vast swathes of wealth into the country from all four corners of the globe.
Much of this wealth was spent on vast houses and country estates, as well as grandiose urban developments – much of which is still in an excellent degree of preservation.The chance to live the life of a Victorian country squire or an urban captain of industry is enough to get people writing cheques for silly amounts.As you can see, there are many reasons why property sells for astronomical figures in the UK.
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