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personal pension

British  

noun

  1. 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

  2. a pension derived from such a scheme

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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.

As he is self-employed, Andrew has set up a self-invested personal pension.

From BBC • Oct. 28, 2024

Under the French system, very few people have personal pension plans linked to capital investments.

From BBC • Jan. 18, 2023

She said her personal pension was not enough to live on.

From BBC • Sep. 17, 2021

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

Hargreaves Lansdown, the nation's biggest financial adviser, says the average size of a self-invested personal pension at the company is around £70,000, and a 20% hit means investors have lost £14,000 on average.

From The Guardian • Aug. 12, 2011