Unit
Funds (for example Unit Trusts) are split into units of ownership. If you buy into an investment fund, you buy units in the fund.
Other types of fund, (for example an OEIC) with different structures, are split into shares.
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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...