Glossary

Understanding your statement

Here you’ll find the definitions of the different terms used on your statement.

 

Accumulation unit Type of unit where income earned by the fund (after tax) is kept in the unit rather than paid out as a distribution. This means the capital value of the unit increases.
Conversion in/out A conversion of units/shares from Accumulation to Distribution, or vice versa.
Charges A charge taken from your money before it was invested in your chosen fund. See your Key Information page for more information.
Current value For a Unit Trust, Stocks and Shares ISA or OEIC, this is the value of your fund as at, 22 January 2020. Values are calculated by multiplying the number of units/shares you hold, by the bid price. The unit/share price is the price you will receive when you sell a unit/share back to us.
Distribution unit Also sometimes known as an income unit. Type of unit where any income earned by the fund (after tax) is paid out as a distribution on the distribution date.
Fund(s) Name of the fund you're invested in.
Growth View of how your investment products have performed during this statement period. This is made up of market movement, income accumulated and the effect of charges.
Income accumulated Income accumulated within the value of your holding.
Income paid out Income earned by your holding which has been paid out to you.
Income reinvested Additional units/shares purchased for your unit holding, using income received from your fund.*
Interest adjustment Interest adjustments are an alteration to a previous interest calculation. This may be because we were notified of a death after an interest payment had already been calculated and applied to the account.
Investment Type of product(s) you hold in the portfolio.
Loyalty bonus Annual bonus income which has been added to your investment.
Merge in/out For a Unit Trust, Stocks and Shares ISA or OEIC, this shows the movement of money or units/shares from one fund to another following a merger of two funds. Details of the merger can be found on your Additional information page if applicable.
Money in This is the total amount of money paid into your portfolio during this statement period. This would include transactions such as: Income reinvested, Interest adjustment, Interest received, Monthly investment, Purchases, Loyalty bonus, Stock transfer in, Transfer in and Tax credit reinvested.
Money out This is the total amount of money that has come out of your account during this statement period. This would include transactions such as: Withdrawal, Stock transfer out, Transfer out.
Monthly investment Units/shares bought for you using money received from your regular contributions.
Payment method The payment was collected by Direct Debit.
Payroll buy Purchase of a Unit Trust or Stocks and Shares ISA, bought for you through payroll.
Portfolio Your account with Legal & General Investment Management consists of portfolios containing your investment products, such as Unit Trust, ISAs and OEICs. Each portfolio statement you have within your annual statement corresponds to a portfolio in your Legal & General Investment Management account.
Purchase For a Unit Trust, Stocks and Shares ISA or OEIC, this shows the units/shares bought for you.
Tax credit paid out/Tax credit reinvested The income tax which has been deducted from your distribution and reclaimed from HM Revenue & Customs has been used to purchase additional units/shares in the fund from which the distribution has been made. Where you have transferred your ISA or Junior ISA to another provider, the income tax will be paid to you by cheque.*
Stocks and shares ISA Refers to the following products: Lump Sum ISA, Regular Index ISA, Regular Active ISA, FMISA, Lump Sum Junior ISA, Regular Junior ISA and Individual Savings Account.
Stock transfer in/transfer in The transfer of cash or units/shares to your Legal & General account from another investment manager. In some circumstances it may show the movement of money between investment accounts within Legal & General: for example, a stock transfer.
Stock transfer out/transfer out The transfer of cash or units/shares from your Legal & General account to another investment manager. In some circumstances it may show the movement of money between investment accounts within Legal & General: for example, a stock transfer.
Switch in/out For a Unit Trust, Stocks and Shares ISA or OEIC, this shows the movement of money or units/shares from one fund to another.
Unit trust or OEIC Refers to the following products: Unit Trust, Lump Sum Unit Trust, Regular Investment Unit Trust, Unit Trust Account
Value of your portfolio at the start of statement This was the value of your portfolio as at the start of the statement period 23 January 2019, and as seen on your previous statement. See 'Current value' for details on how your fund or product was valued.
Value of your portfolio at the end of statement This was the value of your portfolio as at, 22 January 2020. This includes the current value(s) of your individual funds described under 'Current value'.
Withdrawal For a Unit Trust, Stocks and Shares ISA, ISA or OEIC, this shows the proceeds from selling units/shares.
XD (Ex-Dividend) This indicates that a transaction was made between a date used to calculate income and pay income on a fund. This is normally a period of two months. You won't receive income on these transactions until after the next date that income is calculated.

 

*Payment Method: There is no payment required for these transactions. The Financial Conduct Authority requires us to confirm to you how you paid for the transactions in this statement.