personal pension
Individual retirement fund
A personal pension is a retirement savings plan arranged by an individual rather than through an employer.
Common in the UK, it allows self-employed people or those without workplace pensions to save for retirement with tax advantages: She set up a personal pension when she started freelancing.
Contributions are invested and grow until retirement age.
Saved money for later
- retirement accountTax-advantaged savings vehicle
- annuityPeriodic fixed payment
- defined benefitPredetermined retirement payment arrangement
- vestingGaining full ownership
beneficiary · retiree · superannuation · drawdown · lump sum · pot · payout · retirement income
Things given to help
- allowanceFixed periodic payment
- tax-deferredTaxes owed later, not now
- tax reliefReduction in owed levies
- employer matchCompany duplicates worker savings
carry forward · contribution limits · auto-enrollment · opt-out · top-up · payment schedule
Professional guiding monetary decisions
- retirement planningPreparing for post-career finances
- savingsAccumulated money kept
- wealthAbundance of valuable resources
- capitalWealth used for investment
financial security · long-term · future · provision · self-reliance · independence · flexibility · control
Collected works or assets
- diversificationExpanding into varied areas
- asset allocationDistributing investments strategically
- fund managerOversees pooled investment assets
- equitiesOwnership stakes in corporations
bonds · stocks · mutual funds · risk tolerance · compound interest · capital gains · market index · securities
nest egg
Saved money for later
- retirement accountTax-advantaged savings vehicle
- annuityPeriodic fixed payment
- defined benefitPredetermined retirement payment arrangement
vesting · beneficiary · retiree · superannuation · drawdown · lump sum · pot · payout · retirement income · decumulation
contributions
Things given to help
- allowanceFixed periodic payment
- tax-deferredTaxes owed later, not now
- tax reliefReduction in owed levies
employer match · carry forward · contribution limits · auto-enrollment · opt-out · top-up · payment schedule
financial advisor
Professional guiding monetary decisions
- retirement planningPreparing for post-career finances
- savingsAccumulated money kept
- wealthAbundance of valuable resources
capital · financial security · long-term · future · provision · self-reliance · independence · flexibility · control · self-directed
portfolio
Collected works or assets
- diversificationExpanding into varied areas
- asset allocationDistributing investments strategically
- fund managerOversees pooled investment assets
equities · bonds · stocks · mutual funds · risk tolerance · compound interest · capital gains · market index · securities · investment strategy
personal pensionworkplace pension
Employer-provided retirement savings
company pension · state pension · public pension · government pension · social security
personal, pension, person, persons, personhood, personally, personality, personalities, personalize