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What are the incentives available for people who save for retirement via a Pension Scheme? What other potential options exist for savers for retirement?

What are the incentives available for people who save for retirement via a Pension Scheme? What other potential options exist for savers for retirement? What are the taxation positions of these other options? Comparing these, is a Pension from a taxation point of view an 'efficient' way to save for retirement?

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