There is significant financial gain to be had for both the employer and the employee if the employer contributes to the employee’s pension funds. Since 1 January 2012, companies have been able to contribute to their employees’ pension funds at lower cost and more easily because their contributions into III pillar pension funds are exempt from income tax.
Over the years there is a lot of money to be made from the savings on income tax coupled with the growth in value of the investment.
The employer pension can be an important part of your motivation package, boosting employee earnings and attracting the best staff to your company. This will give you a great advantage in recruitment.