Definitions for "Arrangements"
The equal parts that a personal pension scheme can be split into to allow a member to purchase an annuity or take income withdrawals from at different times. Basis Year A year nominated by a member, for which an evidence of earnings must be provided, in order to support their contribution payment. This maybe either the current tax year or a tax year from the previous five years.
Arrangements made between correspondents about reciprocal business and reimbursement for payments made on each other's behalf.