Personal Pension Plan (PPP):
A savings scheme introduced by the UK government in 1985 to enable the self
employed, and employees working for companies not operating a group pension
scheme, to build up a pension fund for retirement.
PPPs are money purchase schemes and contributions to PPPs receive tax relief. An
employer may contribute to a persons PPP but this is not obligatory.
Personal pensions can move with individuals when they change jobs.
For more information click
here.*