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I think that there are legal requirements that actually prevent you from doing such and generally when you are with a company you have their pension and when you leave you accumulate new pension in addition to what you have. But i don't think you can take out more than one.Is it possible to have more than one pension for one person? I don't know if it would be possible, but if it is, do you think it'd be a good idea to have more than one pension?
It's very possible to have more than one pension in the sense that, you can start a private pension scheme for yourselve while the government organise the normal pension scheme for you.Is it possible to have more than one pension for one person? I don't know if it would be possible, but if it is, do you think it'd be a good idea to have more than one pension?
It's like the legislation between the countries I know: each one can only have one pension (the law forbids more than one), but during working life can choose to complement using a private plan. The payment of the private plan may be done once, yearly or monthly. The more the investment, much bigger the pension. These plans may help in the case of failure of a country's social security.If there are insurance companies that are offering a pension package (usually the build up period is 10 years) then you can invest in those pension plans as much as you can afford. When you retire then you can be receiving several pensions courtesy of the pension plans that you had invested in. Just be careful in choosing the insurance company.
There's absolutely nothing wrong in having many pension plan since it is your money just that it is not enough to start as the money might limit one but otherwise there's no big deal as it is savings for retirement.I think is very possible to have one pension scheme. There are many pension company out there which are out there to make profit. People can decide to invest in different pension scheme in order to make profit too.
It depends on the country on the place where you are working but over here what I understand is you can have a state pension and also a federal pension so it is possible to have two pension.It's like the legislation between the countries I know: each one can only have one pension (the law forbids more than one), but during working life can choose to complement using a private plan. The payment of the private plan may be done once, yearly or monthly. The more the investment, much bigger the pension. These plans may help in the case of failure of a country's social security.
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