Pensions glossary of terms

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

This guidance note provides an overview of the following terms:

•
Annual allowance
•
Automatic enrolment
•
Deferred member
•
Defined benefit arrangements
•
Flexi-access drawdown
•
Lifetime allowance
•
Lump sum allowance
•
Lump sum and death benefit allowance
•
Money purchase annual allowance
•
Money purchase arrangements
•
National Employment Savings Trust
•
Net payment arrangement
•
Occupational pension schemes
•
Pension commencement lump sum
•
Pension input amount
•
Pension input period
•
Personal pensions
•
Registered pension

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