Students interested in this college are also interested in: University of Colorado Boulder, University of Denver, Arizona State University, University of Northern Colorado, University of California, Davis, University of Arizona. 1  Overview. 2  Admission. 3  Money Matters. 4  Academics. Campus Life.  Students.
Profit, employment and pension income / earned income. Earned income consists of income chargeable under the Income Tax (Earnings and Pensions) Act 2003, such as pay, private and occupational pensions, retirement annuities, state retirement pensions and taxable social security income.
Pension as a retirement plan has always been there. These form a fund for the employee which he gets upon his retirement. The major attraction of a pension plan is that the contribution to the fund is made by the employer. This contribution is often dependent upon the pay of the employee. There is no tax benefit to the employee every year as he is not making any contribution to the fund.