Cryptocurrency Q&A
Is Nest a money purchase scheme?
Is Nest a money purchase scheme?
Marco
Wed Nov 06 2024
|
6 answers
1279
I'm interested in Nest and want to know if it's considered a money purchase scheme. I'm looking for clarification on this point to help me understand its financial implications better.
6 answers
CharmedEcho
Fri Nov 08 2024
Alternatively, they can be workplace pensions, an example of which is Nest, arranged by employers for their staff.
Was this helpful?
213
35
GinsengBoostPowerBoost
Fri Nov 08 2024
Contributions to these pension schemes are made over time by either the individual or their employer.
Was this helpful?
357
22
Arianna
Fri Nov 08 2024
Pension schemes that are occasionally termed as 'money purchase' pensions or simply referred to as pension pots have gained widespread popularity in recent times.
Was this helpful?
314
54
lucas_taylor_teacher
Fri Nov 08 2024
The pension provider is responsible for investing the funds contributed.
Was this helpful?
41
54
CloudlitWonder
Fri Nov 08 2024
These schemes can be personalized plans established by individuals themselves.
Was this helpful?
256
79
Load 5 more related questions
