Share this entry

personal pension Line breaks: per|son¦al pen|sion

Definition of personal pension in English:

noun

A pension scheme that is independent of the contributor’s employer.
Example sentences
  • Until stakeholder pensions came along, personal pensions were horrible.
  • I took out a personal pension scheme in a managed fund two years ago and contributed about €8,000 to it.
  • Members of personal pensions and stakeholder schemes can also normally take up to 25% of their fund tax-free.

Share this entry

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day exemplum
Pronunciation: ɪɡˈzɛmpləm
noun
an example or model...