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personal pension |
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personal pension n 1. (Government, Politics & Diplomacy) 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. (Government, Politics & Diplomacy) a pension derived from such a scheme How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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