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The Group Saving Scheme is simply a regular premium payment made by the employer and the employee. A percentage of the salary is deducted from each employee, and is invested into a plan that is separate from other company assets.
There is no doubt that setting up a Group Saving Scheme benefits both the company and its employees. For the company, the plan is an effective way to do the following:
For the employee, the plan is a cost-effective way to help employees to do the following:
The Group Saving Scheme is simply a regular premium payment made by the employer, the employee or by both combined employer or the employee. A percentage of the salary is deducted from each employee, and is invested into a plan that is separate from other company assets.
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