Net Asset Value (NAV)
The total of a fund’s assets, minus any liabilities and expenses, divided by the total number of units or shares in the fund. The NAV isn’t necessarily the same as the market price of a unit or share in a fund.
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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...