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personal pension
noun
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
a pension derived from such a scheme
Example Sentences
As he is self-employed, Andrew has set up a self-invested personal pension.
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.
Under the French system, very few people have personal pension plans linked to capital investments.
She said her personal pension was not enough to live on.
Also set out some ideas for a new leader to boost home ownership by unlocking part of personal pension plans.
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