retirement annuity contract

English

Alternative forms

• RAC

Noun

retirement annuity contract (plural retirement annuity contracts)

1. (UK, pensions) A type of UK pension scheme with specific benefits, sold prior to July 1988, available to the self-employed or employees that were not offered a workplace pension.

Synonyms

• retirement annuity plan, RAP
• Section 226, s226
• Section 620, s620