personal pension
Britishnoun
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a private pension scheme in which an individual contributes part of his or her salary to a financial institution, which invests it so that a lump sum is available on retirement; this is then used to purchase an annuity
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a pension derived from such a scheme
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Instead, most millennial and Gen Z employees now accumulate savings in a personal pension pot, which is invested and pays out whatever is in the fund.
From BBC • May 17, 2026
As he is self-employed, Andrew has set up a self-invested personal pension.
From BBC • Oct. 28, 2024
Most people's personal pension pots are in "managed" or "balanced" funds with a mix of equities, bonds, property, cash and alternatives such as hedge funds or commodities.
From The Guardian • Aug. 12, 2011
Most personal pension funds have fallen over the past month, some by as much as a fifth.
From The Guardian • Aug. 12, 2011
Mr Mclean advises him to shop around among insurance companies for a personal pension scheme.
From BBC • Mar. 30, 2011
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
