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the importance of pension saving.

the importance of pension saving.

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Importance of pension savings
1. They help in reducing taxes as they provide tax breaks from the contribution provided for pension.
2. Pension savings helps in setting up retirement fund which helps in economically securing the future of an investor .
3. It helps in receiving fixed monthly payment on retirement and helps to maintain the standard of living after retirement.
4. Risk involved in pension savings is very less as compared to other investment. Hence it is more secure form of investment.
5. Certain pension saving protect against inflation risk.

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