7.5 Benefits Payable
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Benefits payable from a final salary occupational scheme are out
of the control of the potential member, and in terms of value for
money, the value of the employer's contribution should be taken
into account.
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Additionally, it may be useful to know the percentage of final
salary one might expect as benefit.
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Similar considerations apply regarding money purchase schemes,
except there is no benefit promise.
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Low level formulae or low contribution rates, however, should also
be taken into consideration, because however tax efficient such
schemes might be, if the return on investment is not sufficient,
alternatives must be sought
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