Employee Retirement Income Security Act
Employee Retirement Income Security ActIn the US, a federal law introduced for the protection of participants in private pension plans.
Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits scheme
An unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office.
Retirement reliefRetirement relief
A special relief for Capital Gains Tax purposes which applies when an individual aged 55 or over disposes of his business or an interest in a business.
Employee Retirement Income Security Act (ERISA)Employee Retirement Income Security Act (ERISA)
The law that regulates the operation of private pensions and benefit plans.
Retirement annuity contract (RAC)Retirement annuity contract (RAC)
Prior to 30th June1988, people not in pensionable employment (employment where no pension scheme exists) or people who were self employed were able to qualify for tax relief for contributions made to a pension scheme known as a retirement annuity under sections 226 of the Income and Corporation Taxes Act 1970. Although RACs were replaced by personal pension plans from 1st July 1988 those already in force may continue to operate.
Tax deferred retirement plansTax deferred retirement plans
Employer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits.
Further SuggestionsBonds Enabling Annual Retirement Savings (BEARS)
Registered Retirement Savings Plan (RRSP)
normal retirement age
individual retirement account
Retirement Protection Act of 1994
normal retirement date
Individual Retirement Account (IRA)
IRA (individual Retirement Account)