You
may be offered membership of a plan through your work organisation.
These plans are certainly worth investigating, especially if there's
some sort of employer contribution. Some employers may contribute
up to a dollar for each dollar you contribute. That's a 100% return,
which isn't a bad way to start building your retirement fund.
A few important points to think about:
- Can you transfer the fund if you leave
the company?
- How long do you have to be with the company
before you're eligible for the employer subsidy?
- There's currently a tax advantage for employees,
on a marginal tax rate of 39%, to belong and contribute to an
employer-subsidised scheme.
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