ETF
‘Exchange Traded Fund’. This is a collective investment fund that’s traded on a stock exchange, in a similar way to an individual company’s shares.
Most ETFs track an index such as the FTSE 100, but others can track a specific stock sector, currency or commodity.
How to become a Stock investorPopular 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...