Book cost
The amount you paid for an investment. This includes all charges that apply to the investment, such as stamp duty and dealing charges. By comparing ‘Book cost’ with ‘Value’, you can see whether the investment has gone up or down since you bought it, and by how much.
When you sell an investment, the book cost is used to calculate any gains or losses you make.
Popular terms
Lump sum and death benefit allowance
This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...
Lump sum allowance
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...