pension scheme — Under the Pension Schemes Act 1993, an employer can contract out of the SERPs element of the state pension scheme (hence qualifying for contracted out rebate on National Insurance Contributions) by means of an occupational pension scheme. There… … Law dictionary
pension-sharing order — Introduced by the Welfare Reform and Pensions Act 1999, pension sharing orders apply to occupational pension schemes and personal pension schemes. The member s pension rights are valued as a cash equivalent, and part of their value is used for… … Law dictionary
Pension Protection Fund — (PPF) A statutory fund, established with effect from 6 April 2005 by the Pensions Act 2004. The PPF pays compensation at a prescribed level to members of defined benefit schemes that are eligible for entry. A scheme may be eligible if its… … Law dictionary
pension credit — Introduced by the Welfare Reform and Pensions Act 1999, a pension credit is the amount used for the benefit of the ex spouse of a member of an occupational pension scheme or a personal pension scheme under a pension sharing order. The scheme may… … Law dictionary
pension debit — Introduced by the Welfare Reform and Pensions Act 1999, a pension debit applies to a member of an occupational pension scheme or a personal pension scheme who is subject to a pension sharing order on divorcing their ex spouse. The pension debit… … Law dictionary
Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… … Wikipedia
Pension Protection Fund — The Board of the Pension Protection Fund (the PPF) is a Statutory Fund in the United Kingdom. It was created under the Pensions Act 2004. The Board of the PPF is a Statutory Corporation responsible for managing the Fund and for making payments to … Wikipedia
Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants … Wikipedia
Pension simplification — In 2004 the Labour government announced plans to rationalise the British tax system as applied to pension schemes; these changes are referred to as pension simplification. The new single tax regime were adopted on 6th April 2006; this date is… … Wikipedia
occupational pension scheme — Under the Pension Schemes Act 1993, an employer can contract out of the SERPs element of the state pension scheme (hence qualifying for contracted out rebate on National Insurance Contributions) by means of an occupational pension scheme. There… … Law dictionary
Pensions Act 2008 — The Pensions Act 2008[1] Parliament of the United Kingdom Long title An Act to make provision relating to pensions; and for connected purposes … Wikipedia
