A document showing you the cost of insurance cover, a policy value or a projected value for a future point in time. The difference between the return that a fund earns on its investments and the return that you receive.
The difference represents the effect of expenses and other charges. Someone who has entered into a legal relationship a 'Civil Partnership' that is similar to a marital spouse.
Life insurance which pays out if you die during the time you are covered for. At the end of the term, you have an option to renew the cover. With a repayment mortgage, you repay part of the money you have borrowed each month together with interest. At the end of the mortgage term, you will have repaid the money you borrowed in full and all the interest accrued throughout the term.
RPI is a measure of inflation. It tracks changes in the prices of a basket of goods and services, taking a large sample of retail goods including food, tobacco, household goods, transport fares, motoring costs and clothing. An increase in the index means prices have on average increased.
Pension policies that were taken out before June by self-employed people or employed people who were not in an occupational pension scheme. An annuity may allow for the income you are receiving to continue to be paid to your spouse or dependants after your death, though usually at a lower level. This was an earnings related pension which was paid to you by the Government when you retired, on top of your basic state pension.
If you reach state pension age on or after 6 April you will receive the new state pension. A person whose pension is part of a registered pension scheme. A pension paid by the pension scheme or by an insurance company selected by the scheme administrator.
It gives the Scottish Parliament the power to set its own rate of income tax from April Sealed copies are endorsed with an original stamped seal by the court official. The date you select when pension benefits from a pension scheme are intended to come into payment.
A lump sum paid from a pension scheme to a member who has a life expectancy of no more than 12 months. It is not available to those who have already taken their benefits. If paid after age 75 the lump sum is taxed as pension income at the recipient's marginal rate of income tax. A share of the ownership of a company.
This also entitles you to share in any profits the company makes. The office in Scotland responsible for issuing confirmation, the type of g rant of representation issued in Scotland if a person has died without leaving a will.
From 6 April the single-tier state pension was introduced. Individuals need at least 10 qualifying years to be entitled to receive any state pension and so the amount an individual will receive will be based on how many qualifying years they have, with individuals needing to have accrued 35 qualifying years to be entitled to the full single-tier state pension. A payment that allows you to take your pension fund as a lump sum without triggering the Money Purchase Annual Allowance. In order for you to take your pension savings as a small pots payment, there are a few conditions you must meet:.
With-profits investments include a special feature known as smoothing. Smoothing is designed to protect investors from the direct impact of any sudden movements in the stock market. The Government limit on the total value of all pension benefits a person can take without having to pay tax ignoring any special factors such as having enhanced protection or fixed protection. An instruction you give to your bank or building society to pay regular amounts to a third party. You will receive a basic state pension so long as you have paid or been credited with enough national insurance contributions by the time you reach the state pension age.
The State Pension age for men and women is It's due to rise further, to 67, between and An illustration of what the pension policy or pension scheme might provide at the normal retirement date. It uses assumptions which are generally set by the regulator. This illustration is normally sent to most pension policyholders each year, except in the year before the normal retirement date. If your policy has a sum assured, this is the amount we promise to pay you, so long as you pay all the premiums due for the term of your policy.
For whole life policies, we will pay this amount when the life assured dies. For endowment policies, we will pay this amount when the life assured dies or at the end of the policy term. If you cancel an investment or life assurance policy, this is known as a surrender. You should think carefully before surrendering your policy. We recommend that you seek independent financial advice before you do. Pension annual allowance AA is the annual limit on the amount of contributions paid to, or benefits accrued in, a pension scheme before the member has to pay tax.
Tapered annual allowance is lower than the standard annual allowance and is based on the individuals level of taxable income within the tax year. For the taper to apply, the limits on threshold income and adjusted income must both be exceeded. Some of your money that would have gone to the Government as tax, goes into your pension instead.
An amount of cash set by law that you can take at retirement free of tax. Sometimes simply referred to as 'tax-free cash' or 'cash lump sum. The length of time a policy is in force or, in the case of a mortgage, the length of time you have to repay what you have borrowed.
This is sometimes known as an annual final or maturity bonus. For life insurance, an advanced or rapidly progressing incurable illness where, in the opinion of an attending consultant or a Chief Medical Officer, life expectancy is likely to be no greater than 12 months.
Visit their website at www. Generally, the present Government and the departments responsible for the administration of the UK. A person or organisation who is not directly involved in a contract or relationship but has an interest in it.
Threshold income is one of two measures used to determine if a member has a tapered annual allowance. A with-profits policy shares in the profits and losses of the fund it invests in, in the form of bonuses. The amount received from another pension scheme or pension provider when pension benefits are moved from one provider to another.
The option for a member of a defined benefit pension scheme to take all of their pension benefits as a one-off lump sum. The lump sum will be subject to an income tax charge at the member's marginal rate. Where a policy is held by a person or persons the trustee s , for the benefit of another person or persons the beneficiaries , the trustees are the legal owners and will be the people entitled to make a claim under the policy.
The trustees have the duty to make sure that the proceeds are paid to the named beneficiaries, or are managed on their behalf. The legal document that transfers the legal ownership of a policy to the trustees to hold, subject to the terms of a trust. Unauthorised payments are any payments that don't meet the conditions to be an authorised payment. The assets money is invested in to build up the value in a policy. The person who assesses the terms we accept business on and whether a policyholder should be charged because they are at a higher risk of dying or becoming ill.
Calculating the risk that a policyholder will make a claim on an insurance policy, based on information such as age, sex, health and occupation. Underwriters can then decide how much the insurance premiums should be. A market value reduction may apply to these policies in certain circumstances.
A unit-linked policy is linked directly with particular investments for example, stocks and shares. The amount you finally receive depends on the success of these investments, which can go up or down in value. An interest rate that can move up or down at any time, usually when there are movements in the Bank of England Base Rate.
For income protection policies, this is the period after first taking out the policy when you are not fully covered. The policy may allow for your regular premiums to be suspended if you become ill and are unable to work. It gives the Welsh Parliament the power to set its own rate of income tax from April A life assurance policy which pays out whenever you die. Premiums might be paid for a specified period, up to a specified age or until you die.
A legal document that allows an individual to specify how their assets are to be handled following their death, naming the person, or persons, responsible for carrying out those wishes. A one-off lump sum paid, that may be subject to an income tax charge, under an occupational pension scheme which is winding up when the available fund is below a prescribed threshold.
There are no age limitations on when it can be paid. A with-profits endowment is a savings product which usually includes life cover. It pays you at least a fixed amount if you die before the policy matures, or the sum assured plus any bonuses that may have been added over the term, at maturity.
Phoenix Life Limited Co. To find the contact details for our customer centre team responsible for your policy, please enter the name of the company your policy was with before it became part of Phoenix Life e. To request infromation from the team responsible for your policy, please enter the name of the company your policy was with before it became part of Phoenix Life e. To find the customer centre team responsible for providing you with your retirement pack, please enter the name of the company your policy was with before it became part of Phoenix Life e.
We will now take you to the Standard Life Assurance Limited website to complete your application. On the website you will be able to view a Privacy Notice which outlines how your personal data will be used.
The following information is brought to you by Phoenix Customer Care who are part of the same group as Phoenix Life. Remember my selection for next time We can save this selection so that the next time you visit us we can remember what you have selected — we do this using a cookie.
To find out more about the cookies we use and how to delete them, see our privacy policy. We can see that you are using Internet Explorer 8 to view our website.
This means certain content may not be available to you. In order to get the best experience from our website, please upgrade to a later version of Internet Explorer or use an alternative such as Chrome or Firefox. Text size: A A A. Contact us. What can I expect to receive in retirement? What about tax? What do I do next? Where is my money invested? Tracing an unclaimed Industrial Branch policy? Protecting your identity Power of Attorney How do I contact an independent financial adviser?
Can I cash in my Phoenix Life pension? Security Retirement centre Accessing my pension savings — getting started Retirement planning video Retirement checklist Guide to pension help: Where can I get pension advice? Guide to the state pension Delaying your pension How do I apply for the state pension?
State pension before 6 April The new single-tier state pension from 6 April How much will my state pension be? Pension fees and charges Current changes to pension rules History of pension rule changes in the UK What are my options? Retirement options video Interactive retirement options explained guide You can keep your pension savings where they are You can get a guaranteed income for life or a fixed term known as an annuity You can get a flexible retirement income You can take your pension savings as a number of lump sums You can take all your pension savings in one go cashing in You can choose more than one option and mix them Help with retirement options What can I expect to receive in retirement?
Annual retirement budget planner Pension lump sum tax calculator Pensions calculator What about tax? You are here: Home Customer centre Unit-linked fund prices.
Unit-linked fund prices. Search another policy. Change policy. We have also produced a useful guide to how we work out unit-linked prices. Guide to how we work out unit-linked prices Important information about fund prices Prices are shown in pence Sterling.
The offer price is the price you pay for each unit. The bid price is the price you get when you sell each unit. If you switch between funds, you will normally sell units at the bid price in the first fund and buy units at the bid price in the second. The price of units can go down as well as up and is not guaranteed. However, there are a number of cash based funds where Phoenix Life is currently guaranteeing that the bid price will not fall.
Past performance is not a reliable indicator of future performance. To view a fund factsheet, please click on the name of the fund. If the factsheet for your fund is not available, please send us an email. If you invest in a with-profits fund, please visit the with-profits section. Click here to enable JavaScript. How to enable JavaScript This will take you to another website which will detail how to enable JavaScript.
Financial glossary. Start typing to find the jargon you are looking for. Adjusted Income. Bank of England base rate. Financial Ombudsman Service. General insurance. Pension deficit. Power of Attorney POA. Probate Registry of the High Court. S2P State Second Pension. Scottish Rate of Income Tax.
The Pensions Regulator. Crown copyright. Data Protection Act Guaranteed drawdown. Hybrid products. Notary Public. Pensions lifestyling.
Small pot payment. Sheriff's Court. Tax relief. Tapered annual allowance. Threshold income. The State. Welsh Rate of Income Tax. The type of assets the fund is invested in. Pension payments made within the tax rules that will not incur tax charges. The share of the profits added to with-profits policies. The amount paid out on death if an insured person dies.
A legal document that can be used in the UK to change your name. An individual who is financially dependent on another person. Payment of some other kind of benefit instead of money. A general name for company stocks and shares. The variable proportion of an investment fund that is invested in equities and property. The pot of money you have saved while you are working for when you retire. Extra contribution or premium on top of the original premium or contribution.
Returns from investments and profits and losses growth and falls in prices on investments. The legal process of distributing an estate for someone who has died without leaving a will. The person on whose death the proceeds of a policy will be paid. How long a person is expected to live. An insurance policy that pays out if you die. See market value adjustment MVA. Income after deductions such as tax. The price at which you buy units in a unit-linked fund.
An amount we charge each month, or each time you pay a premium, for managing the fund. These are contained in the policy document and tell you more about your policy benefits.
See market value reduction MVR. Phoenix specializes in transformation. To achieve this goal, two industry leaders, Carson Faris and Matt Beck, combined their diverse skillsets and companies to create Phoenix Investment Funds.
Equipped with a deep understanding of the commercial real estate market and how to efficiently remediate environmental issues, the Phoenix team continues to serve the lending community and successfully transform previously distressed assets into useful investment vehicles.
At Phoenix, we welcome the future and believe that anything is possible! Western Bay is committed to intelligently placing capital for our partners while also working to ensure that all parties involved in a Western Bay transaction see true benefits. AFP Saddington LLP is s a boutique firm dedicated to providing high-quality tax and accounting services to small and mid-tier businesses with an emphasis on value.
Provides conception to startup project management, engineering, design, and construction services with a technologically innovative and market sensitive approach. She makes use of her extensive background as a business strategist to work with the Phoenix Team in providing unique, win-win-win solutions that benefit our investors, our partners, and the many lenders, asset managers, and legal professionals who depend on us to help them dispose of challenged, nonperforming assets.
Before joining Phoenix, Dori founded a successful consulting company that continues to work with small and medium-sized businesses and solopreneurs interested in building new holdings, growing existing service-based companies, and advancing new aspects of their current businesses. She earned a B.
He has represented borrowers and lenders in all facets of real estate Finance. Carson Faris is co-founder and CEO of Phoenix Investment Funds, a multi-strategy investment firm specializing in the acquisition and repositioning of debt instruments secured by commercial real estate.
Carson was also the founder and President of Western Bay Investments, a real estate development firm, as well as Fundamental Real Estate, a boutique real estate brokerage firm. Carson discovered his true passion for business in the late s when serving as a Senator for the University of Wisconsin Milwaukee Lubar School of Business and developing a diverse group of small companies.
He credits these first companies—which focused on people, process, and product—for providing him with a deep understanding of business fundamentals, the value of integrity, and the importance of relationships. Brandon began his career at Wells Fargo Bank underwriting debt instruments for technology companies in Silicon Valley.
Brandon earned his degree in American Literature from the University of Southern California and is a licensed real estate broker in the state of California. Brandon loves playing golf, reading, and spending time with his three younger brothers. For over the last 10 years, as part of a larger organization, Brandon annually leads a group of high school students in the construction of a new home for impoverished families in Tecate, Mexico. Danny Greene is the Managing Director for Phoenix Investment Funds, overseeing investor relations, organizational strategy, and financial analysis.
He currently chairs the building finance committee of IKAR, a spiritual community rooted in Jewish values and committed to social justice. Adam has represented borrowers and lenders in all facets of real estate finance, including with regard to loan facilities for real estate developers, mezzanine loans, acquisition loans conduit loans, refinances, workouts and bankruptcies. Adam has extensive experience representing a variety of lenders in loan originations and workouts both real estate secured and mezzanine.
Adam has substantial experience in securitized loan origination transactions as well. Working in this group, Adam has concentrated on bridging the cultural divide between East and West and on using his expertise for the benefit of primarily East Asian lenders and borrowers.
From —, Adam was on the Board of Directors of the Pacific Resources Conference, a major real estate conference which matches Pacific Rim capital sources with California builders and owners of real estate.
He specializes in identifying legal risk associated with contaminated properties, and in finding solutions to address those risks. In that capacity, he has helped clients procure over environmental insurance policies for brownfields sites. Phoenix Ventures. Home Synergy Projects. Relationship Focused We are passionately committed to building long-term, mutually beneficial relationships.
Solutions We provide lenders an opportunity to quickly dispose of nonperforming assets, reduce liability, and eliminate the high cost associated with servicing credit-intensive assets. Teamwork Our relationship-focused team has managed hundreds of transactions and continually finds new ways to simplify the complex. Learn More. Notes in Review.
Sq ft of commercial property managed. Made possible by partners like you. Login to build portfolios and run more in-depth reports non SIPP policies. If you're registered for online services non SIPP you can also: Create and save your own basket of funds to track over time.
Build reports, analyse portfolios and compare prices. Login to secure tool. We're here to help you make the most of our online tools. Call us on
0コメント