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Money Confidence - Jargon Busting
On this episode of the Money Confidence podcast, Sarah and Georgia bust some jargon that is used in financial services.
KEY TAKEAWAYS
ISA stands for Individual Savings Account.
AMC stands for Annual Management Charge.
JISA stands for Junior Individual Savings Account.
UFPLS stands for Uncrystallised Funds Pension Lump Sum. It's a ways to take funds from a money purchase pension as a lump sum (or series of lump sums).
DFM stands for Discretionary Fund Manager.
NEST stands for National Employment Savings Trust.
LTA stands for Lifetime Allowance, which is currently £1,073,100 (in the 2022/23 tax year)
SIPP stands for Self-Invested Personal Pension.
GIA stands for General Investment Account.
CGT stands for Capital Gains Tax.
AA stands for Annual Allowance.
OEIC stands for Open-Ended Investment Company.
BEST MOMENTS
'Last week I forgot to press record again...I was so worried about telling Georgia.'
'Over 99% of NEST members are in one of their retirement date funds, whereby the level of risk taken with your funds decreases as you approach your retirement age on the plan.'
'When you contribute into the NEST pension there's a charge of 1.8%.'
'If you win the lottery, don't worry. You don't have to pay Capital Gains Tax.'
'Every time we are on the phone or doing the podcast, I'm either getting prodded or buried in cushions.'
'I think Flynn's our biggest fan.'
'My mouth was attacked by a dentist.'
'We also give advice on what you should do when you have your wisdom teeth taken out.'
ABOUT THE HOSTS
Sarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!
The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.
CONTACT METHOD
W: https://www.thegoodmoneycoach.com
IG: https://www.instagram.com/sarah_talks_money/
LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/
Hosted on Acast. See acast.com/privacy for more information.
View all episodes
By Sarah Blyth and Georgia LeggOn this episode of the Money Confidence podcast, Sarah and Georgia bust some jargon that is used in financial services.
KEY TAKEAWAYS
ISA stands for Individual Savings Account.
AMC stands for Annual Management Charge.
JISA stands for Junior Individual Savings Account.
UFPLS stands for Uncrystallised Funds Pension Lump Sum. It's a ways to take funds from a money purchase pension as a lump sum (or series of lump sums).
DFM stands for Discretionary Fund Manager.
NEST stands for National Employment Savings Trust.
LTA stands for Lifetime Allowance, which is currently £1,073,100 (in the 2022/23 tax year)
SIPP stands for Self-Invested Personal Pension.
GIA stands for General Investment Account.
CGT stands for Capital Gains Tax.
AA stands for Annual Allowance.
OEIC stands for Open-Ended Investment Company.
BEST MOMENTS
'Last week I forgot to press record again...I was so worried about telling Georgia.'
'Over 99% of NEST members are in one of their retirement date funds, whereby the level of risk taken with your funds decreases as you approach your retirement age on the plan.'
'When you contribute into the NEST pension there's a charge of 1.8%.'
'If you win the lottery, don't worry. You don't have to pay Capital Gains Tax.'
'Every time we are on the phone or doing the podcast, I'm either getting prodded or buried in cushions.'
'I think Flynn's our biggest fan.'
'My mouth was attacked by a dentist.'
'We also give advice on what you should do when you have your wisdom teeth taken out.'
ABOUT THE HOSTS
Sarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!
The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.
CONTACT METHOD
W: https://www.thegoodmoneycoach.com
IG: https://www.instagram.com/sarah_talks_money/
LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/
Hosted on Acast. See acast.com/privacy for more information.