MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.

23rd November 2017
:: Scheme Member | Types of Pension Scheme | What is a pension scheme?

What is a pension scheme?
 
The term ‘pension scheme’ is referred to throughout Government legislation and refers to an arrangement that provides benefits on death, serious ill-health (terminal illness to you and me), ill-health or on retirement having reached a particular age (such as normal pension age).
 
The benefits available from a pension scheme commonly take the form of a regular payment, usually monthly, or the payment of lump sums. A pension scheme can provide one or more, or any combination of these benefits.
 
To find out more, choose one of our free Factsheets on the right to match your category of membership.
 
 
Not sure which category of member you are? See our definitions:
 
 
 
 
 
See our Glossary for definitions of phrases in our Factsheets
       
 
 
 
 
 
  Defined Benefit scheme members
 
What is a pension scheme? - for Active Members of Defined Benefit Schemes
What is a pension scheme? - for Preserved Members of Defined Benefit Schemes
What is a pension scheme? - for Pensioner Members of Defined Benefit Schemes
       
 
  Money Purchase scheme members
 
What is a pension scheme? - for Active Members of Money Purchase Schemes
What is a pension scheme? - for Preserved Members of Money Purchase Schemes
What is a pension scheme? - for Pensioner Members of Money Purchase Schemes
 
     

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