Sentence examples for a pension payable from inspiring English sources
In a characteristic case, a firm's board of directors offered a long-time employee a pension payable whenever she elected to retire.
Tom McPhail, head of pensions research at financial services group Hargreaves Lansdown, said: "The fundamental aims of the various changes – to move to a simpler state pension, payable at a later age to reflect improved life expectancy and without discriminating according to age – were and still are the right thing to do.
Over 10 years a private could potentially build up £1,770 per year in pension, payable at state retirement age.
His pension, payable when he turns 55, is worth £304,000 a year.
Mr Brown has insisted, against civil-service opposition, that the state's basic pension, payable to all, will rise in line with inflation, whereas the means-tested supplement to poor pensioners will rise with earnings.
The tax payable on a pension pot on death has also been reduced to 35 per cent, ahead of a consultation detailing the changes.
It is possible that he was heavily involved in the final battle of the Wars of the Roses at Bosworth and thereby instrumental in gaining the crown for Henry VII, who rewarded him with a pension of 20 marks per year payable for his lifetime.
If a pension fund has not been used to provide an income, there is no tax payable.
A pension is easily measured.
