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Whipsaw Glossary

Currently viewing the definition of: Personal Pension
 
 
 A personal pension plan is a pension plan that allows individuals to build a pension pot for retirement. It is aimed at the self employed and also employees who do not have the opportunity to join a company pension scheme. Also the pension pot is independent of the employer and so the individual can continue to invest even if they move jobs. 
 


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    • Venture Capital Trust
      A venture capital trust is similar to an investment trust in that it invests the money it receives in other businesses. In this instance, the businesses it invests in are new or unquoted companies that are looking for development capital. As such venture capital trusts are relatively high-risk investments. For investors willing to take on this risk there are income and capital gains tax benefits.