PEPP account definition

PEPP account means a personal pension account held in the name of a PEPP saver or a PEPP beneficiary which is used for the recording of transactions allowing the PEPP saver to contribute periodically sums towards retirement and the PEPP beneficiary to receive PEPP benefits;
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Examples of PEPP account in a sentence

  • This information is verified against the banking information provided on the organization’s PEPP account.

  • The request shall also allow PEPP savers to specify the date from which payments are to be executed to the PEPP account opened with the receiving PEPP provider.

  • PEPP providers shall ensure that within each individual PEPP account a new compartment could be opened, either by transferal or addition, corresponding to the legal requirements and conditions for using incentives fixed at national level for the PEPP of the Member State where the compartment shall be open.

  • The Broker will provide the Client with information on the Client's PEPP account balance, a statement of PEPP benefits, and information about individual executed trades electronically at the designated time following the applicable law.

  • The Saskatchewan Pension Annuity Fund (SPAF) lets PEPP members convert their PEPP account into a life annuity to provide lifetime retirement income with fixed monthly income.

  • Without prejudice to the deadline under Article 13(3), immediately after being informed about the PEPP saver's intention to exercise his right of mobility between Member States, the PEPP provider shall inform the PEPP saver about the possibility to open, free of charge, a new additional compartment within the PEPP saver's PEPP account, while keeping the existing compartment, and about the deadline within which such compartment could be opened for the PEPP saver.

  • The Client has the right to continue contributing to an existing PEPP account even after changing residence to another Member State.

  • To determine your total retirement income, add up your retirement income sources (personal and spousal), including your PEPP account balance.

  • Voluntary contributions are optional contributions to your PEPP account over and above your regular pension contributions.

  • Conditions related to the accumulation phase Where a PEPP provider opens a new sub-account within a PEPP account in Malta it shall ensure that the accumulation phase shall commence on the day a PEPP saver attains eighteen (18) years of age.

Related to PEPP account

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.