Liquidity

How quickly and easily an investment can be converted into ready cash. Different types of investments are more liquid than others. For example, selling a share in an investment fund is usually quicker and easier than selling a property, which takes longer and incurs significantly more cost.

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...