Pensionable for Dummies
adjective
pronunciation: 'pɛnʃənəbəlWhat does Pensionable really mean?
Pensionable is a word that might seem a little confusing at first, but don't worry, I'm here to help you understand it! Now, have you ever heard of the word "pension"? It's kind of like a special savings account that people put money into when they're working so that they can have some extra money to live on when they're older and no longer working. Well, "pensionable" is an adjective that describes something that can be counted towards or used to calculate your pension.
Imagine that you have a piggy bank where you're saving up all your money. Now, let's say that every time you put a dollar into that piggy bank, it gets added to your savings and you can use it later. The word "pensionable" works in a similar way. It's like saying that something you earn or contribute can be added to your pension savings.
But what exactly can be pensionable? Well, it could be your salary or wages from a job. Let's say you work at a store and you make $10 an hour. Every hour you work and get paid, that $10 could be considered pensionable because it can be counted towards your pension savings. So, the more hours you work, the more money you'll have in your pension later on!
Not only that, but other things can be pensionable too, like bonuses or commission you earn from your job. These extra earnings can also be added to your pension savings, just like how you can put extra coins into your piggy bank. It's like getting a little reward for your hard work, but instead of spending it right away, you're saving it for when you're older and need it.
Now, keep in mind that not everything you earn or receive is pensionable. Some things, like gifts or money you get from winning a contest, are not counted towards your pension savings. It's like when you find a dollar on the ground—it's a nice surprise, but you can't put it into your piggy bank to save.
So, in a nutshell, "pensionable" simply means that something can be counted or used to calculate your pension savings for the future. It's like adding money to a piggy bank, but instead of actual coins, you're adding up the amount of money you earn or receive from certain sources. And remember, the more you add to your pension, the more secure and comfortable your future might be!
Imagine that you have a piggy bank where you're saving up all your money. Now, let's say that every time you put a dollar into that piggy bank, it gets added to your savings and you can use it later. The word "pensionable" works in a similar way. It's like saying that something you earn or contribute can be added to your pension savings.
But what exactly can be pensionable? Well, it could be your salary or wages from a job. Let's say you work at a store and you make $10 an hour. Every hour you work and get paid, that $10 could be considered pensionable because it can be counted towards your pension savings. So, the more hours you work, the more money you'll have in your pension later on!
Not only that, but other things can be pensionable too, like bonuses or commission you earn from your job. These extra earnings can also be added to your pension savings, just like how you can put extra coins into your piggy bank. It's like getting a little reward for your hard work, but instead of spending it right away, you're saving it for when you're older and need it.
Now, keep in mind that not everything you earn or receive is pensionable. Some things, like gifts or money you get from winning a contest, are not counted towards your pension savings. It's like when you find a dollar on the ground—it's a nice surprise, but you can't put it into your piggy bank to save.
So, in a nutshell, "pensionable" simply means that something can be counted or used to calculate your pension savings for the future. It's like adding money to a piggy bank, but instead of actual coins, you're adding up the amount of money you earn or receive from certain sources. And remember, the more you add to your pension, the more secure and comfortable your future might be!
Revised and Fact checked by Michael Garcia on 2023-10-29 20:03:02
Pensionable In a sentece
Learn how to use Pensionable inside a sentece
- If you work for many years and pay into a pension plan, then when you retire, you will receive a pension that is pensionable.
- Some jobs offer pensionable benefits, which means that the money you receive after retirement will be based on the amount of time you worked and the salary you earned.
- John has been working for the government for 20 years, and his entire salary is pensionable, so he knows he will have a comfortable retirement.
- A pensionable age is the age at which a person can start receiving a pension based on the contributions made throughout their working life.
- Mary just turned 65, which is the pensionable age in her country, so she can now retire and start receiving her pension.
Pensionable Similar Words
Words that similar to the original word, but are not synonyms.