Fixed term
Describes a savings account or form of investment with a minimum or known time period that’s agreed at the outset.
With a fixed-term investment, the investor parts with their money for a specified period of time, after which they’re repaid the amount they’ve invested and any income due.
Should I save or invest?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...