Answer to Question #151906 in Finance for Anh

Question #151906
how does the government incentives people to save for retirement
1
Expert's answer
2020-12-23T07:21:16-0500

government incentives people to save for retirement through tax incentives and non-tax incentives.

Tax incentives come from a differential tax treatment applied to funded pension arrangements as compared to other savings vehicles.

Non-tax financial incentives are payments made by the government directly into the pension account of eligible individuals. They can take the form of matching contributions or fixed nominal subsidies.



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