Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the differences between provident fund and pension fund?

Pension Administration Pension Funds Fund Managers Fund Services Fund Analysis
user-image
Question added by Samahir Alshawwaf , Senior Accountant , Head Quarter of United Nations Relief and Works Agency ( UNRWA)
Date Posted: 2017/01/30
Upvote (0) Views (3) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Malik Danyal Hameed
by Malik Danyal Hameed , car sales and rental agent , City Motors

Provident fund is the contribution of employee and employer, you can say that its a retirement (lump sum) fund for employees. 

Pension fund is the contribution of employee and government / state. It is also a retirement fund but you can take it on monthly basis.

Write Your Answer
More Questions Like This