Back To Solo
Notes List
Tax Table
Logout
Introduction & Glossary
Main Types, attributes and benefits
  • Definition of money purchase benefits
  • Main Types
  • Eligibility and conditions of membership
  • Contributions
  • Statutory money purchase illustrations (SMPIs)
Legal bases and their impact on pension planning
  • Trust based and contract based schemes
  • Master Trusts
  • Governance standard for occupational schemes
  • Charge Controls
  • Relevant multi-employer schemes
  • Governance standards for workplace PPP
  • SSAS vs SIPP
Factors to consider and benefits
  • Normal Pension Age
  • Member benefits
  • Ill health early retirement
  • Wavier of Contribution and pension contribution insurance
  • Income protection insurance/Permanent health insurance
  • Life Assurance
Benefits on leaving and transfer
  • Early leave options
  • Transfer Issues
Stakeholder pensions
  • Main Features
  • Regulation
Tests
Return to Solo 5 (RO4) course

Introduction & Glossary

Introduction

A money purchase scheme may be an occupational scheme provided by an employer for the benefit of the employees, or it may be an individual arrangement funded by the member (and sometimes by the employer as well). There are a few differences between these two and we will explain them in this chapter.

Key terms

This chapter features explanations of the following terms and concepts: