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Higher-paid employees - term used to determine whether or not an employee is liable to tax on Benefits in Kind. These days higher-paid is almost everyone.

Higher Rate Tax - tax rates above Basic Rate Tax.

Home Income Plan - a contract that allows people to use the equity in their house to

generate income.

Home Reversion Plan - a contract that allows people to use the equity in their house to

generate income and/or capital, in particular by a method that passes some or all of the

ownership of the property to an investor (person or fund).

Hybrid Arrangements - These occur when a scheme promises some kind of minimal value, irrespective of actual fund performance. For example the terms might be "1/60th for every year of service, or whatever the fund buys, if greater". If performance was good then the full fund will be used and it will be a Money Purchase Arrangement. If there was poor performance, then the scheme would pay out the 1/60th and be seen to be Defined Benefit.