retirement annuity contract
English
Alternative forms
- RAC
Noun
retirement annuity contract (plural retirement annuity contracts)
- (Britain, 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