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About: Pension term assurance     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:TransferredProperty113252973, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatPensionsInTheUnitedKingdomyago:Abstraction100002137yago:Cost113275847yago:Outgo113275288yago:Payment113278375yago:Pension113384164yago:Possession100032613yago:RegularPayment113281275yago:Relation100031921yago:TransferredProperty113252973 New Facet based on Instances of this Class

Pension Term Assurance (PTA) was a form of life insurance available within the United Kingdom. Although PTA had been available for several years, it only became mainstream when changes were made to pension legislation on "A Day", 6 April 2006.Following these changes, PTA became a popular way of buying life insurance, as the premiums received tax relief, effectively making life insurance cheaper for the consumer. Despite what the name might suggest, Pension Term Assurance did not have to form part of a pension - it merely needed to be taken out at the same time as a new pension was set up.