pension pot
Plural
pension pots
1
the total accumulated savings set aside for retirement
- As retirement approached, Sarah began contributing more to her pension pot to ensure a comfortable lifestyle in her later years.
- The financial advisor recommended diversifying investments within the pension pot to minimize risk and maximize returns.
- After years of diligent saving, John's pension pot had grown significantly, providing him with a substantial income during retirement.
- The government introduced reforms to encourage individuals to save more for retirement, including tax incentives for contributions to their pension pot.
- 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.