PQR

Compulsory Pensions Coming for All Call us on 01746 716767, or email us at info@thompsonprior.co.uk

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P

PAYE - (Pay As You Earn)
Where income tax and National Insurance contributions are collected from your salary, before it is paid to you, by your employer and passed to the Inland Revenue.

Pension Forecast
A service provided by the Department of Work and Pensions which tells you what your state pension is worth.

Pensions Ombudsman
An independent arbitrator for pension disputes with statutory power to enforce his or her decisions.

Personal Pension Scheme
A pension scheme for those who are self-employed, or, if employed, are not members of an occupational scheme and so make their own pension provision.

Phased Retirement
The facility to use small amounts of your pension fund to buy annuities as and when you need income, rather than buying one annuity at retirement with your whole pension fund.

PHI - (Permanent Health Insurance)
Insurance that pays a level of income in the event of long term sickness or disability

PLC - (Public Limited Company)
Any company with a share capital of at least a statutory minimum.

PMI - (Private Medical Insurance)
Insurance which will pay for the cost of medical treatment in accordance with the policy cover.

Portfolio
A collection of shares owned by an investor.
Price/Earnings Ratio - Calculated by dividing the market price of a company's ordinary shares by its earning-per-share figure as an indicator of the company's performance potential.

Q

Qualifying (life policy)
A type of insurance policy that can have tax benefits.

Quartile
Most UK funds are grouped into sectors and each sector is divided into four quartiles with the best performing funds being in the top quartile.

Return
The amount by which the value of your investment increases.

Rights Issue
New shares sold by a company to raise capital.

Risk
Refers to the fact that the value of your savings and investments can fall as well as rise.

RPI - Retail Price Index
The official measure of inflation calculated by weighting the costs of goods and services to approximate a typical family spending pattern.

Tel: 01746 716767 | Fax: 01746 716787 | Email: info@thompsonprior.co.uk

Thompson Prior Financial Services LTD is authorised and regulated by the Financial Services Authority. We are entered on the FSA Register No 581326 at www.fsa.gov.uk/register. The Financial Services Authority does not regulate Will writing, deposit accounts, taxation and trust advice and some types of offshore investment. We recommend that you also refer to FSA consumer web site www.moneymadeclear.fsa.gov.uk The guidance and information contained within the web site is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.