Income funds
Funds that aim to generate an income for investors. To achieve this, income fund managers invest largely in assets which provide income or dividends.
The income paid out may vary from month to month, depending on the dividends the fund generates – which are paid by the companies owned by the fund’s underlying investments. See also growth fund.
View AJ Bell fundsPopular 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...