Pension Contributions – Is It For Everyone?

It was a Friday like any other for Mr. Paul, a 65 year old Accountant working with a medium sized organisation. Mr. Paul stepped into the office complex at his usual punctual time holding his black brief case and with a smile on his face. To his greatest surprise however, he was welcomed with a standing ovation by his colleagues who cheered him as he made his way to his desk. It wasn't just another day, it was his last day of work. As an employee who had faithfully served his employer for 30 years and being at the brink of retirement, the post-employment realities became glaring to Mr. Paul. He was excited about what the future held for him and at that moment, his perceived reward (end of service benefits and pension pay outs).