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Definitions (177)
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accountant
A professional who maintains accounts for businesses and individuals. Businesses use accountants for services such as maintaining financial records, tax affairs and payroll services. Individuals somet [..]
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additional voluntary contributions
When you top-up an occupational pension, by making extra contributions into a scheme that’s run by your employer, you make an ‘additional voluntary contribution’.
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administrative and public law
This is the law that governs the way public bodies carry out their statutory duties.
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adviser
A professional, who is qualified to give you advice. Among others, this could be an independent financial adviser (IFA), a whole-of-market mortgage adviser, a solicitor or an accountant.
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advocacy
Legal representation in a hearing, usually carried out by a barrister or solicitor on your behalf.
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agricultural law
This is the law that governs the farming sector, including tax, trusts and property rights connected with agricultural land.
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annual allowance
This is the maximum amount of money you can put into your pension funds in a given tax year, and still claim tax relief.
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annual statement
A statement from your financial services product provider sent to you once a year, showing how much you've paid, what your plan is worth (and if it’s in relation to a loan, what you still owe).
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annuity
At retirement – but before you reach age 75 – you have to buy an annuity with your pension fund. It’s a payment that’s usually paid monthly, which you’ll receive as a guaranteed regular income during [..]
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annulment
In England and Wales, this is when a marriage is declared void by a court, either because it was not legally valid when it took place or because it has since become not legally valid. In Scotland this [..]
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