personal pension scheme
11personal pension — noun a pension scheme that is independent of the contributor s employer …
12Self-invested personal pension — A Self Invested Personal Pension (SIPP) is the name given the type of UK government approved personal pension scheme, which allows individuals to make their own investment decisions from the full range of HM Revenue Customs (HMRC) approved… …
13group personal pension plan — group personal pension plan/group personal pension scheme (GPPP) An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions… …
14State Earnings-Related Pension Scheme — SERPS A scheme, started in 1978, run by the UK government to provide a pension for every employed person in addition to the basic state flat rate pension. The contributions are paid from part of the National Insurance payments made by employees… …
15State Earnings-Related Pension Scheme — SERPS A scheme, started in 1978, run by the UK government to provide a pension for every employed person in addition to the basic state flat rate pension. The contributions are paid from part of the National Insurance payments made by employees… …
16self-invested personal pension — (SIPP) A personal pension scheme where the member, and not the pension plan provider or trustees, determines the investment strategy. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
17pension credit — Introduced by the Welfare Reform and Pensions Act 1999, a pension credit is the amount used for the benefit of the ex spouse of a member of an occupational pension scheme or a personal pension scheme under a pension sharing order. The scheme may… …
18pension debit — Introduced by the Welfare Reform and Pensions Act 1999, a pension debit applies to a member of an occupational pension scheme or a personal pension scheme who is subject to a pension sharing order on divorcing their ex spouse. The pension debit… …
19work-based pension scheme — Pension schemes in the UK that the Pensions Regulator has responsibility for regulating. Work based pension schemes are defined in section 5(3) of the Pensions Act 2004 to include occupational pension schemes, stakeholder pension schemes, and… …
20pension credit member — A member of an occupational pension scheme or a personal pension scheme who is an ex spouse or former civil partner of an existing member, and who has received a pension credit. Related links pension credit …
