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.

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

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

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.

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.

Insurance that pays a level of income in the event of long term sickness or disability

Any company with a share capital of at least a statutory minimum.

Insurance which will pay for the cost of medical treatment in accordance with the policy cover.

A collection of shares owned by an investor.

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.