Money purchase

A Money Purchase scheme is a type of pension arrangement in the United Kingdom.

It can either be sponsored by an employer (such as a SSAS) or an individual arrangement (such as a SIPP or Personal pension, sometimes with an insurance company). Basically, with this type of arrangement a sum of money is accrued which is then used to secure an income at retirement. It is sometimes known as a Defined Contribution scheme to distinguish it from a Defined Benefit scheme where the benefits payable are linked to salary.

This economic policy related article is a stub. You can help Wikipedia by expanding it.v · Categories: Pensions in the United Kingdom Economic policy stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем написать реферат Wall Street: Money Never Sleeps Money Saving Voucher Codes Look at other dictionaries: money-purchase — UK US adjective [before noun] FINANCE ► used to describe a type of pension in the UK in which the money you put in while you are working is invested, and the amount you receive when you stop working depends on how well the investments perform: »I …   Financial and business terms money-purchase — A money purchase occupational pension scheme is where contributions are based on fixed cash amounts or salary percentages. These sums plus investment income and capital gains together provide retirement benefits based on the performance of the… …   Law dictionary Money Purchase — A Money Purchase scheme is a type of pension arrangement in the United Kingdom. It can either be sponsored by an employer or an individual arrangement with an insurance company. Basically, with type of arrangement a sum of money is accrued which… …   Wikipedia money purchase plan — USA money purchase plan, Also known as a money purchase pension plan. A defined contribution plan that provides for an individual account for each participant and for fixed employer contributions. Benefits under a money purchase plan are… …   Law dictionary money purchase pension plan — USA money purchase plan, Also known as a money purchase pension plan. A defined contribution plan that provides for an individual account for each participant and for fixed employer contributions. Benefits under a money purchase plan are… …   Law dictionary money purchase scheme — UK US noun [countable] [singular money purchase scheme plural money purchase schemes] business a pension plan in which a person’s payments are used to invest in an annuity . The amount of pension that the person receives depends on the total… …   Useful english dictionary money purchase scheme — Also known as a defined contribution scheme. A pension scheme where the benefits payable to an individual member are calculated by reference to contributions paid in to the scheme in respect of that member increased by the investment return… …   Law dictionary money-purchase scheme — Also known as a defined contribution scheme. A pension scheme where the benefits payable to an individual member are calculated by reference to contributions paid in to the scheme in respect of that member increased by the investment return… …   Law dictionary Money-Purchase Pension Plan — A pension plan to which employers and employees make contributions based on a percentage of annual earnings, in accordance with the terms of the plan. Upon retirement, the total pool of capital in the member s account can be used to purchase a… …   Investment dictionary money purchase scheme — UK / US noun [countable] Word forms money purchase scheme : singular money purchase scheme plural money purchase schemes business a pension plan in which a person s payments are used to invest in an annuity. The amount of pension that the person… …   English dictionary 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”