Defined Contribution Pension

Defined Contribution Pension

With this type of scheme, you build up a pot to pay you a retirement income based on contributions from you and/or your employer and investment returns. Defined contribution pensions include workplace, personal and stakeholder pension schemes. The schemes might be run through an insurance company or master trust provider, or through a bespoke scheme set up by your employer.

The size of your pot depends on how much you and your employer contribute, the level of charges you pay, and how well your investments perform.