The reserves of private funded pension schemes are treated in SNA as being collectively owned by the households with claims on the funds. The payment of pension contributions into the funds and the receipts of pensions by pensioners are, therefore, not transfers between different institutional units. They constitute the acquisition and disposal of financial assets. In order to achieve that the balance of the pension contributions over pension receipts does not enter into household saving, it is necessary to add back pension contributions to and subtract pension receipts from, the disposable income of households recorded in the secondary distribution of income accounts in order to get back a figure for saving of households that is the same as what it would have been if pension contributions and pension receipts had not been recorded as current transfers in the secondary distribution of income account.