Meaning of “pay into sth” in the English Dictionary

business-english dictionary

"pay into sth" in Business English

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pay into sth

phrasal verb with pay uk /peɪ/ us verb paid, paid

FINANCE to pay money regularly towards a pension:

He has been paying into a private pension scheme for 30 years.

(Definition of “pay into sth” from the Cambridge Business English Dictionary © Cambridge University Press)