Tax year
The tax year (sometimes called the fiscal year) runs from 6 April to the following 5 April.
Tax rules are usually built around the tax year dates. And most tax allowances and reliefs will renew at the start of each tax year.
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...