money purchase

Questions

What does money purchase mean?

Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.

How to pronounce money purchase

1. Open the pronunciation page — Open the Speakur entry for “money purchase”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “money purchase”.
4. Repeat and practice — Say “money purchase” aloud, matching stress and vowels until it feels natural.