Meaning of the word "pension pot" in English

What does "pension pot" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pension pot

US /ˈpen.ʃən ˌpɑːt/
UK /ˈpen.ʃən ˌpɑːt/
"pension pot" picture

Noun

1.

the total amount of money that an individual has saved or invested for their retirement, typically through a pension scheme

Example:
He's been contributing to his pension pot for over 30 years.
The value of her pension pot increased significantly last year.
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