Money purchase

This article does not cite any sources. Please help by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources:  –  ·  ·  · scholar · JSTOR (May 2008) (Learn how and when to remove this template message)

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

It can either be sponsored by an employer (such as a Small Self Administered Scheme, an SSAS) or an individual arrangement (such as a Self-invested personal pension, SIPP, or Personal pension, sometimes with an insurance company). 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 .

• v
• t