Pensions – Explaining all THAT Jargon
Not going to lie, jargon does our heads in as much as it does yours. We set ourselves a challenge, could we explain what the bizarre words of pensions means in one sentence.
To stop us from falling asleep we made it a bit competitive. Final scores:
Catherine 40 + a pie
And be sure to listen to the end for a new regular feature – our favourite app of the week. Catherine kicks off with Tulipshare
4.04 Lifetime Allowance
5.22 Annual Allowance & MPAA
7.47 Money Purchase / DC
8.54 Defined benefit (DB), final salary, CARE
11.06 Salary sacrifice
12.17 Flexible Access Drawdown (FAD)
13,16 Carry forward
14.18 AVC & FSAVC
25.21 Protected Tax Free Cash
26.48 Revaluation & Indexation
28.13 Early & late retirement factors
29.31 Net & Gross
33.24 MVR / MVA
37.26 Tapered annual allowance
A comprehensive A – Z can be found here
Catherine Thomas-Humphreys is a qualified independent financial adviser, will writer and certified financial coach.
Catherine believes money is a force for good and when in the hands of good people can be used to do great things. She loves working with purpose-led parents who are ready to change their money habits & beliefs to achieve financial success for themselves and their family.
She founded #TheFinfluencer as a safe space to coach and empower parents to influence, make, save, spend and grow money, consciously, ethically and positively.
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
She uses her years of experience and research to support women experiencing or planning significant change in their lives.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Financial coaching – Ebb & Flow Financial Coaching
Financial advice – Bree Wealth & Tax
Julie’s inexpert social media antics – Instagram
Michelle Lambell started her career in financial services as a Stockbroker in 1999 undertaking both advisory and discretionary investment management. Following a career break where she spent time being a mum and running an arts and crafts business, Michelle returned to financial services in 2013 undertaking further study.
Today she is a Chartered Financial Planner, specialising in retirement planning advice, pensions and investments and a Certified Financial Coach. Michelle has a passion for providing financial advice, guidance and education to everyone, regardless of their gender, age or current circumstances.
Website | Instagram
Disclaimer: The information provided in the Women and Money Café Podcast and Website does not constitute financial advice and nor should it be taken as such. They are thoughts and discussions in around money and possible options available to you. Whilst all attempts are made to provide accurate information at the time of publishing you should seek your own clarification . Should you require advice for your specific set of circumstances contact a qualified, authorised financial adviser directly.