A Money Purchase scheme is a type of pension arrangement in the United Kingdom.
It can either be sponsored by an employer or an individual arrangement with an insurance company. Basically, with type of arrangement a sum of money is accrued which is then used to secure a pension in retirement. It is sometimes known as a Defined Contribution scheme to distinguish it from a Defined Benefit scheme where the benefits are payable are linked to salary.
Time to Fold? For employers with both profit-sharing and money-purchase plans, there was a time to hold em, but now the question is how to fold em.
Sep 01, 2001; The 2001 tax act may or may not end estate taxation, in the far future, but a more immediate impact has already surfaced: the...