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Meaning of "personal pension" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF PERSONAL PENSION

personal pension play
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GRAMMATICAL CATEGORY OF PERSONAL PENSION

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Personal pension is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PERSONAL PENSION MEAN IN ENGLISH?

Personal pension scheme

A Personal Pension Scheme, sometimes called a Personal Pension Plan, is a UK tax-privileged individual investment vehicle, with the primary purpose of building a capital sum to provide retirement benefits, although it will usually also provide death benefits. These plans first became available on 1 July 1988 and replaced retirement annuity plans. Both the individual can contribute as well as their employer. Benefits can be taken at any time after age 55 if the plan rules allow, or earlier in the case of ill health. In the past, legislation required benefits to be taken before age 75, and many plans still contain this restriction. Part of the fund may be taken as a lump sum at retirement. There are two types of Personal Pension Scheme: Insured Personal Pensions, where each contract will have a set range of investment funds for planholders to choose from and Self-Invested Personal Pensions. Insured Personal Pensions with charges capped at a low level, and which satisfy certain other conditions, are known as Stakeholder Pensions.

Definition of personal pension in the English dictionary

The definition of personal pension in the dictionary is 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. Other definition of personal pension is a pension derived from such a scheme.

WORDS THAT BEGIN LIKE PERSONAL PENSION

personal equity plan
personal estate
personal foul
personal friend
personal growth
personal hygiene
personal identification number
personal insurance
personal loan
personal organizer
personal pension plan
personal pronoun
personal property
personal relationships
personal shopper
personal space
personal stationery
personal stereo
personal stylist
personal trainer

WORDS THAT END LIKE PERSONAL PENSION

air suspension
apprehension
ascension
coefficient of expansion
commission
comprehension
declension
dimension
en pension
expansion
extension
file extension
hair extension
hypertension
mansion
pension
pretension
recension
surface tension
suspension
tension

Synonyms and antonyms of personal pension in the English dictionary of synonyms

SYNONYMS

Translation of «personal pension» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF PERSONAL PENSION

Find out the translation of personal pension to 25 languages with our English multilingual translator.
The translations of personal pension from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «personal pension» in English.

Translator English - Chinese

个人养老金
1,325 millions of speakers

Translator English - Spanish

pensión personal
570 millions of speakers

English

personal pension
510 millions of speakers

Translator English - Hindi

व्यक्तिगत पेंशन
380 millions of speakers
ar

Translator English - Arabic

التقاعد الشخصية
280 millions of speakers

Translator English - Russian

личный пенсионный
278 millions of speakers

Translator English - Portuguese

pensão pessoal
270 millions of speakers

Translator English - Bengali

ব্যক্তিগত পেনশন
260 millions of speakers

Translator English - French

pension personnelle
220 millions of speakers

Translator English - Malay

Pencen peribadi
190 millions of speakers

Translator English - German

persönliche Rente
180 millions of speakers

Translator English - Japanese

個人年金
130 millions of speakers

Translator English - Korean

개인 연금
85 millions of speakers

Translator English - Javanese

Pensiun pribadi
85 millions of speakers
vi

Translator English - Vietnamese

lương hưu cá nhân
80 millions of speakers

Translator English - Tamil

தனிப்பட்ட ஓய்வூதியம்
75 millions of speakers

Translator English - Marathi

वैयक्तिक पेन्शन
75 millions of speakers

Translator English - Turkish

Kişisel emeklilik
70 millions of speakers

Translator English - Italian

pensione personale
65 millions of speakers

Translator English - Polish

emerytalnym
50 millions of speakers

Translator English - Ukrainian

особистий пенсійний
40 millions of speakers

Translator English - Romanian

personal de pensie
30 millions of speakers
el

Translator English - Greek

προσωπική σύνταξη
15 millions of speakers
af

Translator English - Afrikaans

persoonlike pensioen
14 millions of speakers
sv

Translator English - Swedish

individuell pensionsförsäkring
10 millions of speakers
no

Translator English - Norwegian

personlig pensjon
5 millions of speakers

Trends of use of personal pension

TRENDS

TENDENCIES OF USE OF THE TERM «PERSONAL PENSION»

The term «personal pension» is regularly used and occupies the 88.535 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
59
/100
The map shown above gives the frequency of use of the term «personal pension» in the different countries.
Principal search tendencies and common uses of personal pension
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «personal pension».

FREQUENCY OF USE OF THE TERM «PERSONAL PENSION» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «personal pension» during the past 500 years. Its implementation is based on analysing how often the term «personal pension» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about personal pension

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PERSONAL PENSION»

Discover the use of personal pension in the following bibliographical selection. Books relating to personal pension and brief extracts from same to provide context of its use in English literature.
1
Occupational and Personal Pension Schemes: Review of Certain ...
This report covers the review of the rebate by the Government Actuary for people with salary-related contracted-out schemes (COSRS), money purchase contracted out schemes (COMPS) and Appropriate Personal Pensions (APPS) in relation to the ...
Great Britain. Dept. for Work and Pensions, 2006
2
Personal Pension Plans and Stock Market Volatility
Introduction1 Since the early 1980s there has been a veritable explosion in the spread of what may generically be called personal pension plans. These are arrangements that involve the accumulation of balances in individual accounts and ...
Max Alier, Dimitri Vittas, 2000
3
The Rationale and Performance of Personal Pension Plans in Chile
I. INTRODUCTION Chile implemented a revolutionary reform of its social security system in May 1981, when it replaced the pre-existing social pension system with a private system of personal pension plans. The Chilean reform has attracted ...
Dimitri Vittas, Augusto Iglesias Palau, 1992
4
Pension Schemes and Pension Funds in the United Kingdom
Personal pension schemes are pension schemes that are organized for individuals or groups of individuals by financial institutions such as banks and insurance companies rather than by the companies for .which these individuals work.
David Blake, 1995
5
Pension Reform: Fourth Report of Session 2005-06
In 1996 we launched the Virgin Personal Pension with a simple charging structure that challenged the established pensions industry. Our Pensions Pack won the top award from the Plain Language Commission in 1997. 8. In 1998 we, along ...
Great Britain: Parliament: House of Commons: Work and Pensions Committee, 2006
6
Meeting future workplace pension challenges: improving ...
Contract-based pension scheme Defined benefit (DB) scheme Defined contribution (DC) scheme Disclosure of information Eligible Jobholder Financial Service Authority (FSA) Guaranteed Annuity Rates (GAR) Group personal pension (GPP) ...
Great Britain: Department for Work and Pensions, 2011
7
The Pension Strategy for Canadians: The Ultimate Guide to ...
The book is built upon the work of Nobel Prize winners William F. Sharpe and Harry M. Markowitz.
Andrew Springett, 2009
8
Social Security Pension Reform in Europe
of the savings on up-front marketing and administration costs.7 Stakeholder pension schemes (SPS) are low-cost personal pension schemes introduced in April 2001. In 1996, the U.K. workforce totaled 28.5 million people, of whom 3.3 million ...
Martin Feldstein, Horst Siebert, 2009
9
Personal Finance: A Practical Approach
Employers can contribute to an employee's personal pension scheme and this is most likely to be arranged in circumstances where no workplace scheme is offered. Sometimes employers offer to make contributions into personal pension  ...
Jane King, Mary Carey, 2013
10
pension institutions and annuities in denmark
*2003 Source: Statistics Denmark, Central Customs and Tax Administration and the Danish Insurance Association. Contributions to annuities (life or term) have absorbed a small part of personal pension contributions at close to 15 percent.
Carsten Andersen, Peter Skjodt, World Bank, 2008

10 NEWS ITEMS WHICH INCLUDE THE TERM «PERSONAL PENSION»

Find out what the national and international press are talking about and how the term personal pension is used in the context of the following news items.
1
Piers Linney: 'I failed the 11-plus but it didn't stop me making a fortune'
Do you have a personal pension or long-term financial strategy? I have some very small pension plans that were taken out when I was an ... «Telegraph.co.uk, Jul 15»
2
The biggest pensions shake-up in a century: how will it affect you?
If you don't have one you can set up a self invested personal pension (Sipp) cheaply via an online broker. However if you do this and you're a ... «Yahoo Finance UK, Jul 15»
3
'With £250000 how can I help my children, aged seven and 37, buy …
... in two years' time, he has a £35,000 self-invested personal pension, held in "tracker funds", which mimic movements in the stock market. «Telegraph.co.uk, Jul 15»
4
Jarvis Securities Plc Announces GBX 4.25 Dividend (JIM)
It also provides retail execution-only stock-broking, individual savings account (LON:JIM) and self-invested personal pension (SIPP) investment ... «Dakota Financial News, Jul 15»
5
Ombudsman rules Sipp is blameless for £40k loss
The Pensions Ombudsman has ruled in favour of self-invested personal pension provider Yorsipp after an advised client complained he lost ... «FT Adviser, Jul 15»
6
Only a third of people will get the full flat rate pension: will you?
... state second pension - in return for lower National Insurance contributions into a company pension or contributions into a personal pension. «AOL Money UK, Jul 15»
7
The Crusader: All change for dividends
Up pension contributions to a Sipp (self-invested personal pension). Spread taxable income, if married or in a civil partnership, to lower earning ... «Express.co.uk, Jul 15»
8
Working Funds: 3 Ways to Cash in on Life Insurance for Retirement
Option 3: PERSONAL PENSIONS - You can also strategically use the cash value as a personal pension. Some policies will have a "lifetime ... «Huffington Post, Jul 15»
9
REVEALED: The pension firms with rip-off fees cutting thousands of …
... plan, seven charged an annual fee for using drawdown, and eight charged an annual fee if you have a self-invested personal pension. «Express.co.uk, Jul 15»
10
Retirees have £9000 income shortfall
... (43%) paid into a work pension scheme while even fewer (30%) had a personal pension or SIPP (Self-Invested Personal Pension). «moneyfacts.co.uk, Jul 15»

REFERENCE
« EDUCALINGO. Personal pension [online]. Available <https://educalingo.com/en/dic-en/personal-pension>. May 2024 ».
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