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Words We Use

A&M Trust

A-Day

AVR

Active Member

Actuarial Valuation

Added Years

Additional Voluntary Contributions (AVCs)

Administrator (or Scheme Administrator)

Administrators

Agricultural Property Relief

Alternatively Secured Pension (ASP)

Annual Allowance

Annual Exempt Amount

Annual Report

Appropriate Personal Pension Plans (APP)

Approval

Arising Basis

Authorised Payment

Barber

Basic State Pension (BSP)

Beneficiaries

Benefit Crystallisation Event (BCE)

Bequest

Block (or Bulk) Transfer

Bridging Pension

Business Property Relief

Buy Out

CARE

CEP

CETV

CGT

CIMP

COMB

COMP

COSR

CSPSSA

Cash Balance Arrangement

Cash Equivalent

Chargeable Transfer

Charging Clause

Clearance

Codicil

Commutation

Connected Parties

Consultation

Contract In / Contract Out

Contributions Schedule

Deferred Member

Defined Benefit (DB) Scheme

Defined Contribution (DC) Scheme

Dependant

Disabled Trust

Disclosure

Discretionary Trust

Disposal

Domicile

ECON

EPB

EPP

ERF

Early Retirement

Eighteen to Twenty Five Trust

Employee Benefit Trust

Employer Financed Retirement Benefit Scheme (EFRBS)

Enhanced Protection

Estate

Estate Administration

Executor (Executrix: female)

Expression of Wishes

FA

FA 2006

FSAVC

FURBS

Final Pensionable Salary

Financial Assistance Scheme

Financial Reporting Standard (FRS) 17

GAD

GMP

GN

Grant of Probate

Group Personal Pension Scheme (GPPS)

HMRC

Hybrid Arrangement

ICTA

IHT

IIP Trust

IPDI

ITEPA

Income Drawdown

Income Tax

Indexation Allowance

Integration

Internal Dispute Resolution Procedure (IDRP)

Intestate

Joint Tenancy

LPI

Legacy

Letter of Wishes

Letters of Administration

Letters of Administration with will annexed

Life Interest Trust

Lifetime Allowance (LA)

Limited Price Indexation

Lower Earnings Limit (LEL)

Member Nominated Trustee (MNT) or Member Nominated Director (MND)

Minimum Funding Requirement (MFR)

Money Purchase Arrangement

NICO

NISPI

NRD

Normal Minimum Pension Age

Normal Pension Age

Notifiable Events

Ordinary Residence

PA04

PA95

PCLS

PET

PN

PR

PSA

PUP

Participating Employer

Payment Schedule

Pension Credit/Debit

Pension Protection Fund (PPF)

Pensionable Service

Pensioner Member

Pensions Advisory Service (PAS, tPAS, OPAS)

Pensions Ombudsman

Pensions Regulator

Personal Allowance

Personal Pension Scheme

Personal Representatives

Preservation

Primary Protection

Principal Employer

Priority Rule

Protector

Purpose Trusts

Qualifying Recognised Overseas Pension Scheme (QROPS)

RAC

ROPP

RPSM

RST

Recovery Plan

Registered Pension Scheme

Remittance Basis

Residence

Residue

Right of Survivorship

S2P

SCON

SDCS

SHP

SIPP

SPA

SSB

SSCB

Safeguarded Rights

Salary Sacrifice

Scheme Actuary

Section 67

Settlor

Severing a Joint Tenancy

Small Self Administered Scheme (SSAS)

Stakeholder Pension Scheme

State Earnings Related Pension Scheme (SERPS)

State Pension Age

Statement of Funding Principles (SFP)

Statement of Investment Principles

Statutory Funding Objective

TA

TKU

TSI

TV

Taper Relief

Tax Year

Tenancy in Common

Transfer of Value

Trivial Pension

Trust Company

Trust Corporation

Trustees

UEL

Unauthorised Member Payment

Unsecured Pension

WRPA

Will

YPT

tPR

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