Use our Jargon Buster to cut through the complicated language financial services companies sometimes use, and find out what it really means. The list is in alphabetical order so you can scroll down to look up words and their meanings:
National Insurance Contributions A tax which you pay as you earn. It's used to help fund the social security system including the State Pension, Unemployment, and the National Health Service.
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National Savings A range of savings products sold by the Government. You can usually buy them at Post Offices and on the internet.
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Net Interest Interest received from a bank or building society account after basic rate tax has been deducted. Higher rate taxpayers have to pay more tax. Non tax payers can reclaim the tax through their tax office.
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Normal Retirement Date (NRD) This is the assumed retirement date that is set within the rules of an occupational pension scheme.
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Pearl Assurance Limited No. 1419, London Life Limited No. 1179800, NPI Limited No. 3725037 and National Provident Life Limited No. 3641947 are authorised and regulated by the Financial Services Authority. All companies are registered in England and have their registered office at: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG, Tel: 01564 204321. We may record or monitor telephone calls. Important Company Registration and Legal Information.
