2020 Consolidated contract note

Glossary

Use this page to find the definitions of the different terms used on your Transaction 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.

AMOUNT PAID IN

The amount of money that was used to purchase additional units/shares on your account.

AMOUNT PAID OUT

Indicated by a minus sign; a reversal of a tax credit.

CHARGES

The charge taken from your money before it was invested in your chosen fund. See your Key Information page for more information.

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.

INCOME REINVESTED

Additional units/shares purchased for your unit holding, using income received from your fund.*

MONTHLY INVESTMENT

Units/Shares bought for you using money received from your regular contributions.

Payment Method: The payment was collected by Direct Debit.

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.

TAX CREDIT PAID OUT

Where you have transferred your ISA or Junior ISA to another provider, the income tax was paid to you by cheque.*

*Payment Method: TheFinancial Conduct Authority requires us to confirm to you how you paid for the transactions in this statement: no payment was required for thesetransactions.

Risk warning

Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest . Tax rules for ISAs may change in the future and their tax advantages depend on your individual circumstances.