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Managing my money
Managing my money

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Managing My Money Glossary

Glossary of terms used in Managing My Money.

Browse the glossary using this index

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Defined benefit

Describes a pension scheme where the pension is worked out according to a formula, usually linked to pay and length of time in the scheme.

Defined contribution scheme/Money purchase scheme

Describes a pension scheme where the pension depends on the amount paid in, how the invested money grows, and the amount of pension that can be purchased from an insurance company at retirement.


The part of a company's post-tax profits distributed to shareholders, usually expressed as an amount per share.