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Pension Glossary

Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered.

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A

What is an Accrual Rate
What are Annual Management Charges (AMC)
What is the Annual Allowance
What is an Annuity
What is Auto-enrolment

B

What is a Beneficiary

C

What is Compound Interest
What is Consolidation
What is the Consumer Price Index
What are Pensions Contributions

D

What is Decumulation
What is a Defined Contribution Pension (aka money purchase)
What is a Defined Benefit Pension

E

What is an Early Exit Fee
What is an Earmarking Order
What are Employer Contributions
What is an Enhanced Annuity (aka impaired annuity)
What is Equity Release
What is an Estate
What are Exit Penalties

F

What is a Final Salary Scheme
What is the Financial Conduct Authority
What is Fixed Term Annuity
What is Flexi Access Drawdown (FAD)
What are Pension Freedoms
What is a Frozen Pension

G

Group Personal Pension Plan
What is a Guarantee Annuity Rate
What is a Guarantee Period
What are Guaranteed Benefits

I

What is a pension illustration?
What is Income Drawdown?
Independent Financial Adviser
What is Investment-Linked Annuity

J

What is Joint-Life Annuity

K

What is a Key Features Document

L

What is Lifetime Allowance

M

What is the Marginal Tax Rate
What is a Money Purchase Plan
What is Money Purchase Annual Allowance

O

What is an Occupational Pensions
What is an Open Market Option

P

What is a Pension Sharing Order
What is a Pension Fund
What is a Pensionable Salary
What is a Personal Allowance
What is Lasting Power Of Attorney

S

SERPS
What is Salary Sacrifice
What is the Selected Retirement Age
What is a Self-Invested Personal Pension (SIPP)
What is a Stakeholder Pension
What is the State Pension?
What is the State Pension?
What is a Pension Statement
What is a Suitability Letter

T

What is a Terminal Bonus

U

What is an Uncrystallised Pension Lump Sum

W

What is a Workplace Pension