P
- Where income tax and National
Insurance contributions are collected from your salary, before
it is paid to you, by your employer and passed to the Inland Revenue.
- A service provided by the Department
of Social Security which tells you what your pension is worth.
- An independent arbitrator for pension
disputes with statutory power to enforce his or her decisions.
- Tax-efficient savings plans
replaced by ISAs in 1999. You can no longer invest in a new PEP
but you can still transfer your existing PEP into an ISA.
- A pension scheme for those who
are self-employed, or, if employed, are not members of an occupational
scheme and so make their own pension provision.
- The facility to use small segments
of your pension to buy annuities as and when you need more income
rather than buying one annuity annually with your whole fund.
- Insurance that pays
a level of income in the event of long term sickness or disability
- Any company with a share
capital of at least a fixed amount.
- Insurance which will
pay for the cost of medical treatment in accordance with the policy
cover.
- A collection of shares owned by an investor.
- Calculated by dividing the market
price of a company's ordinary shares by its earning-per-share figure
as an indicator of the company's performance potential.
Q
- a type of insurance policy that
can have tax benefits.
- Most UK funds are grouped into sectors and each
sector is divided into four quartiles with the best performing
funds being in the top quartile.
R
- The amount by which the value of your investment
increases.
- New shares sold by a company to raise capital.
- Refers to the fact that the value of your savings
and investments can fall as well as rise.
- The official measure of inflation
calculated by weighting the costs of goods and services to approximate
a typical family spending pattern.
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