Jargon buster

Before you choose your investments, you'll need to decide where...

A fund offers two types of units of shares...

A type of fund which has a fund manager...

AJ Bell’s own range of no-hassle investment funds, managed by...

The junior marketplace of the London Stock Exchange, acting...

The amount you’re allowed to pay in across all of...

A lifetime annuity is a type of insurance policy that...

An alternative junior marketplace to the Alternative Investment Market...

A term that describes how an investment or portfolio is...

When investing, the bigger the potential risk the bigger...

A type of collective investment fund authorised by the...

‘Bankers' Automated Clearing System’: an electronic payments scheme that allows...

A special type of transaction that lets you efficiently move...

A type of investment in which you lend money to...

The amount you paid for an investment. This includes all...

A type of drawdown that was available before 6...

Used up your pension annual allowance for the current tax...

A type of ISA (Individual Savings Account) that’s typically...

A one-stop-shop for managing your savings, offered by AJ Bell....

‘CREST Depository Interest’. This is a UK investment that represents...

‘Clearing House Automated Payment System’. An electronic system that lets...

A collective investment fund that has a fixed...

A collective investment, such as a fund, lets multiple...

A corporate action (also known as a corporate event) is...

The part of your pension that you’ve already accessed....

An account with no maximum investment limits or allowances....

On the ‘Portfolio’, ‘Dealing’ and ‘Transaction history’ pages, your dealing...

A type of pension that gives you valuable guarantees:...

A type of pension that you build up over...

A type of income you receive for holding an investment....

Drawdown is a flexible way to access your pension. After...

‘Exchange Price Information Code’. EPIC codes are now known as...

If you buy income units in a fund...

‘Exchange Traded Fund’. This is a collective investment fund that’s...

A check on whether an investor receives a reasonable benefit...

Also known as a ‘defined benefit’ pension, this is a special...

The UK's deposit guarantee scheme. It also pays compensation to...

You qualify as a first-time buyer if you‘ve never owned...

Describes a savings account or form of investment with a...

A type of drawdown pension. Drawdown is a flexible...

An index of the largest 100 companies that have...

A collection of investments, including shares and bonds, often...

A summary document prepared by a fund manager that...

The person (or organisation) who manages the assets of a...

Fund that invests in other funds – rather...

Bonds (or fixed interest securities) issued by the UK...

A type of fund that aims to increase its...

When you transfer an investment in its current form, rather...

Funds that aim to generate an income for investors....

An investment fund offers two types of units or shares...

A list of investments and their prices. For example, the...

A fund which tracks the performance of an...

The measure of how prices of goods and services (and...

A cash savings account that lets you withdraw money whenever...

An asset you buy with the hope of generating an...

An investment option we offer to customers who put their...

In the UK, an investment trust is a type of...

‘Initial Public Offer’. An IPO is the first time a...

‘Individual Savings Account’. ISAs are ‘wrappers’ in which you can...

The maximum amount you can pay into ISAs in...

‘International Securities Identification Number’. An ISIN is an international standard...

A Junior ISA (or JISA) is a tax-efficient way to...

‘Key Information Document’. Before you invest in a fund, you...

‘Legal Entity Identifier’. A unique code required whenever a legal...

If you’ve never accessed a pension, or you’ve only accessed...

A type of ISA you can open if you’re...

Lets you specify the maximum or minimum price at which...

How quickly and easily an investment can be converted into...

A UK marketplace where shares, bonds and exchange-traded funds...

When you access your pension, you can usually take up...

This is a limit on the total tax-free lump sums...

The ‘Make Good’ offer is specific to Sharia savings accounts...

The rate of tax you pay on the next £1...

A market auction refers to the process where buyers and...

‘Money purchase annual allowance’. This applies when you take an...

A fund that invests in other funds – rather...

An AJ Bell service that lets you view all your...

‘National Client Identifier’. All of our customers need to give...

The total of a fund’s assets, minus any liabilities...

A type of pension that you set up yourself. You...

A type of savings account that works like a halfway...

To hold Canadian shares within your ISA, ...

'Open-ended investment company' – a type of fund structured...

A type of corporate action. Like a rights...

All funds have an annual ongoing charge (sometimes abbreviated...

A type of corporate action. Like a rights...

Collective investments that don’t have a fixed size or number...

‘Over the counter’. Describes a trade arranged directly between two...

A type of fund that attempts to track the...

‘Pension commencement lump sum’. This is the official name for...

An account designed to help people save for their retirement....

The Pension builder fund is AJ Bell’s low-cost standard option,...

A government service that gives you free, impartial guidance on...

The range of investments you hold across different accounts....

A £1.50 charge automatically applied when investors buy or sell...

'Relevant Benefit Crystallisation Event'. This complicated-sounding term means any lump...

A simple, low-cost pension where you choose from four AJ...

Investing a set amount regularly, rather a one-off lump sum....

‘Real Estate Investment Trust’. REITs are property investment firms that...

A type of corporate action that aims to raise...

The balance of the uncertainty of an investment. A high-risk...

A type of corporate action typically used to execute...

‘Stock Exchange Daily Official List’. A seven-character identification code given...

A type of pension that gives you more control...

One of the two key dates when you buy an...

A share is a small part of a company. So...

A type of savings account offered by our Cash...

A tax that applies when you buy most UK-listed shares...

The name given to the exchanges where you can buy...

When a company divides its existing shares into multiple...

‘Stocks’ and ‘shares’ mean broadly the same thing and are...

A stop-loss order is an instruction to sell a UK-listed...

A technical term for accessing your pension. You can...

If you have a high income, the tapered annual allowance...

The government offers tax relief to encourage people to save...

The tax year (sometimes called the fiscal year) runs from...

A type of takeover bid for a company, usually made...

An investment in which you lock away your cash for...

A unique series of letters and numbers given to US-listed...

A unique abbreviation given to UK-listed shares so they’re...

One of the two key dates when you buy an...

In our Cash savings hub, your transaction account is where...

A legal agreement for a third party to hold and...

Describes any pension savings you haven’t accessed yet. You need...

Usually abbreviated to UFPLS, an uncrystallised funds pension lump sum...

Funds (for example Unit Trusts) are split into...

The URN is the unique reference number of your child’s...

A form you need to complete to hold US ...

A type of pension set up by your employer....

A way of measuring the return on an investment over...