Personal pension definition

Personal pension means a pension or other periodical payment under a personal pension scheme.
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Personal pension means a long term savings product where an individual shall contribute voluntarily and a lump sum shall be available upon that individual’s retirement; and
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Personal pension means the personal pension of Xxxx Xxxxxxxx with Norwich Union to which the Company makes contributions;
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Examples of Personal pension in a sentence

  • Personal pension consists of a basic pension and an individual account pension, and will be paid on a lifelong basis.

  • Personal pension advisers are charged with the responsibility of obtaining the identification evidence on behalf of the pension fund provider.

  • Personal pension DC schemes in the UK are provided by financial institutions such as insurance companies, banks, building societies, unit trusts (i.e., open-ended mutual funds), investment trusts (i.e., close-ended mutual funds), and open-ended investment companies.

  • Personal pension accounts fees shall also be recorded in the unassigned payments account.

  • The priorities for action adopted by the Summit will be promoted and implemented through the current ministerial discussions between the European Union and the countries and groups in Latin America, and between the European Union and Caribbean countries, in the framework of the Lome Convention.

  • Personal pension A separate pension that you can take out to save towards your retirement.

  • Section 63b Personal pension account fee A personal pension account fee must not exceed 1% of the amount of the contributions credited to the unassigned payments account prior to the crediting of pension points to the saver’s personal pension account.

  • Personal pension products are individual retirement related savings products which are complementary to, but separate from, state or occupational pension schemes.

  • Personal pension schemes are funded and pay a pension at retirement on a defined contribution basis, and are broadly similar to the US’s 401k individual pension plans, in that individuals have some choice over the type of investments in the fund, but the investment vehicle is a pooled investment fund, in which the individual participates with many other individuals.

  • There are two broad types of pension scheme: ▪ Trust-based schemes, run by trustees, such as the BPS; and▪ Personal pension schemes, run by insurance companies.


More Definitions of Personal pension

Personal pension means a pension or other periodical payment under a personal pension scheme. Please include the amount of your pension whether it is paid to you or to another person. You do not have to include the amount of your pension, where all of it is paid to your trustee in bankruptcy or to someone else on behalf of your creditors provided that you and any member of your family do not have any income apart from that payment.
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Related to Personal pension

  • personal pension scheme means a personal pension scheme which--

  • Personal Pay means additional pay granted to an employee:

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • Retirement Benefit means the benefit set forth in Article 5.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Termination Benefit means the benefit set forth in Article 7.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Disability Benefit means the benefit set forth in Article 8.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Service benefit means the credit toward retirement benefits as determined by the

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.