Definition of pension pot in English:

pension pot


  • The total fund of money that constitutes the basis of someone's retirement pension.

    • ‘Many judges now retire with 2 million-plus pension pots.’
    • ‘The top bosses of bailed-out banks should have been sacked with no bonuses paid or immoral increases to their ridiculous pension pots.’
    • ‘A worker in the private sector with a defined-contribution pension must amass a pension pot of almost 700,000 to enjoy an equivalent annual pension.’
    • ‘Council chiefs have won a battle to keep their gold-plated pension pots out of a new Government disclosure scheme.’
    • ‘The first generations who contributed to its compulsory system are now approaching retirement to appreciate just how little their pension pots will buy.’
    • ‘Nearly a quarter of stamp duty is paid by UK pension funds, reducing the value of the average pension pot by 8,000.’
    • ‘Miss Gibb is also expected to keep her 507,000 pension pot.’
    • ‘Someone pocketing a ten per cent pay rise will therefore see only part of that rise translated into their pension pot.’
    • ‘You can already see the ads piling up in the tabloids offering even bigger riches to people with big pensions pots.’
    • ‘The deep income inequalities offer little chance of building cash savings of 50,000 or a decent pension pot.’
    • ‘Therefore you need to save ever bigger sums to achieve the same pensions pot.’
    • ‘An annuity is a financial scheme which pays a regular income from your pension pot.’
    • ‘Many at work do not earn enough to build a decent pension pot.’
    • ‘Here the company promises to put some money into your pension pot.’
    • ‘Workers in the private sector must acquire a pension pot of almost 700,000 to enjoy an equivalent annual pension.’
    • ‘At the same time, it says staff are having to contribute an extra 1.6 per cent into their pension pots.’
    • ‘The law requires you to buy an annuity with most of your pension pot by the age of 75.’
    • ‘Firstly falling interest rates have sharply reduced what your pension pot will buy, leaving people with much smaller incomes.’
    • ‘The pension pots of former prime ministers are around 1.75 million.’
    • ‘The longer you can wait to retire, the bigger your pension pot should be.’