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Personal pension plan |
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Personal pension planA savings scheme introduced by the government in 1985 to enable the self employed, and employees working for companies not operating a group pension scheme, to build up a pension fund for retirement.PPPs are money purchase schemes and effectively replace what was known as a retirement annuity contract (RAC).Contributions to PPPs receive full tax relief up to maximum given percentages of net earnings for a range of ages.Life assurance may be purchased with up to 5% of net relevant earnings which will receive full tax relief. This percentage is included within the maximum contributions allowable.An employer may contribute to a person's PPP but this is not obligatory.Personal pensions can move with individuals when they change jobs.A PPP may be used to contract out of S2P.Similar MatchesPersonalizationPersonalizationRequesting personal information from mailing list subscribers and website visitors and then delivering customized Web pages or emails based on that information. Personal inflation ratePersonal inflation rateThe inflation rate as it affects a specific individual. Personal incomePersonal incomeA person's total income which includes salary, transfer payments, dividend and interest income etc. General personal equity planGeneral personal equity planSee 'personal equity plan'. Personal incomePersonal incomeTotal income received from all sources, including wages, salaries, or rents, and the like. Further SuggestionsPersonal article floaterpersonal identification number Personal Property Loan personal ledger personal accident insurance personal accident and sickness insurance Personal pension personal exemption Personal tax view (of capital structure) personal accounts Personal Investment Authority Personal property personal pension scheme Personal trust personal possessions group personal pension Umbrella personal liability policy umbrella personal liability insurance personal allowance additional personal allowance appropriate personal pension plan personal equity plan personal loan Personal search Personal exemption |
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