Income units
An investment fund offers two types of units or shares you can buy – accumulation or income. The difference is in how they handle the income (i.e. the dividends or interest) the fund generates.
Where accumulation funds reinvest this income, income funds pay it out to investors. The income is paid to your cash account regularly (usually monthly or quarterly) for you to choose to withdraw or reinvest. See also accumulation units.
Acc v Inc fundsPopular terms
This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...