personal pension

noun

1. 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
2. a pension derived from such a scheme

Example Sentences

As he is self-employed, Andrew has set up a self-invested personal pension.

From BBC

Guerra was particularly concerned by a new law that López Obrador has passed that seizes unclaimed personal pension accounts to hand out to other retirees.

From Seattle Times

Under the French system, very few people have personal pension plans linked to capital investments.

From BBC

She said her personal pension was not enough to live on.

From BBC

Also set out some ideas for a new leader to boost home ownership by unlocking part of personal pension plans.

From BBC