What is a salary saving scheme?

[Valeria]

Looking for a smart way to save money every month without stressing about it?

 

[Jonas_Kahnwald]

A salary saving plan essentially works by setting up a system where a certain amount of money is regularly withheld from your wages before you get your pay, and then that money is used either to invest or to save. This way, you end up accumulating a nest egg in a very disciplined manner, and it is almost a no-effort process on your part. It's a practice most commonly seen in mutual funds, pension schemes, or employee perks programs.

 

[Emly]

A salary saving scheme is a financial plan where a fixed amount is automatically deducted from an employee’s salary and invested or saved regularly. It helps build savings in a disciplined way, often used for mutual funds, retirement plans, or employee benefit schemes, with minimal effort from the employee.

 

[alexmetro]

A salary saving scheme is basically a plan where a fixed amount gets set aside from your salary every month, so saving happens automatically, I like it because you don’t even miss the money after a while.