Pension pot
volume
British pronunciation/pˈɛnʃən pˈɒt/
American pronunciation/pˈɛnʃən pˈɑːt/

Definition & Meaning of "pension pot"

Pension pot
01

the total accumulated savings set aside for retirement

Wiki

pension pot

n
example
Example
After years of diligent saving, John's pension pot had grown significantly, providing him with a substantial income during retirement.
The financial advisor recommended diversifying investments within the pension pot to minimize risk and maximize returns.
The government introduced reforms to encourage individuals to save more for retirement, including tax incentives for contributions to their pension pot.
As retirement approached, Sarah began contributing more to her pension pot to ensure a comfortable lifestyle in her later years.
Upon reaching retirement age, individuals can choose to withdraw a lump sum or receive regular payments from their pension pot to support their living expenses.
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