When I was young and economics were sound, pension provision was relatively simple. Individuals contributed with full tax relief on what they paid in and employers often matched or exceeded those contributions as a tax free benefit to the recipient employee. Income and gains earned on the fund savings were also received tax free, at this stage at least.
The quid pro quo was when the pension was finally paid it was subject to income tax on the recipient. Simplistically, contributions were tax deductible when they went in but taxable when they came ...
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