A with-profits savings scheme or financial plan is one in which the people who put money into the scheme receive extra money each year based on how successful the investment has been.
[business]
Returns on with-profits bonds have improved.
with-profits in British English
(ˌwɪðˈprɒfɪts)
adjective
finance
(of an insurance policy, investment, etc) paying a bonus linked to the issuing company's annual profits
Returns on with-profits bonds have improved.
Examples of 'with-profits' in a sentence
with-profits
It is one of the few reasons why advisers would recommend a with-profits product.
Times, Sunday Times (2006)
Time to close our with-profits plan?
Times, Sunday Times (2007)
If they are with-profits plans, check with companies that buy or auction policies to see if that would give you a better return.
Times, Sunday Times (2010)
Most with-profits policies hold out the prospect of a terminal bonus, but this is discretionary and only paid where justified by investment performance.
Times, Sunday Times (2012)
If you have a qualifying with-profits plan, the lump sum at the end of the term can be free of tax on income and growth.
Times, Sunday Times (2009)
If you have a qualifying with-profits plan, the lump sum you receive at the end ofyour term can be free of tax on income and growth.