With a defined contribution pension (sometimes called money purchase) you build up a pot of money that you can use to provide an income in retirement.

A defined contribution (DC) plan is a retirement plan to which employees allocate part of their paychecks to an account that will fund their retirements. What Is a Defined Contribution... · How DC Plans Work

A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis.

A Defined Contribution (DC) pension scheme is a type of workplace pension where a fund of money is built up consisting of your own contributions, those your ...

A defined contribution pension (aka a DC pension or a money purchase scheme) is a type of private pension that you contribute to on a regular basis.

Defined contribution (DC) schemes are occupational pension schemes where your own contributions and your employer's contributions are both invested.

There are 2 main types: defined contribution - a pension pot based on how much is paid in. defined benefit - usually a workplace pension based on your salary ...

4 сент. 2024 г. · A defined contribution (DC) pension is the most common type available and is used in both workplace pension schemes and personal pensions.

A pension plan is a way for you and your employer to set aside money for your retirement. A defined contribution plan is the most common type of pension.

A defined contribution plan, on the other hand, does not promise a specific amount of benefits at retirement.