pension scheme

A UK investment type to save for and provide benefits upon retirement, often with tax benefits. Please see the following terms for specific definitions: Occupational pension scheme, Qualifying Recognised Overseas Pension Scheme (QROPS), retirement annuity contract, State Earnings Related Pension Scheme (SERPS), Self-Invested Personal Pension. (SIPP), Small Self-Administered Scheme (SSAS), State pension schemes, superannuation, Company pension scheme, Contracted in money purchase scheme (CIMP), Contracted out money purchase scheme (COMP).