After his popular ‘Plain English guide to old pensions jargon’ Barnett Waddingham’s James Jones-Tinsley has returned to record two specials on new pension terminology called – and we bet you’ll never guess this – ‘A plain English guide to new pensions jargon’ (parts one and two).
In part one, James’s conversation covers five essential terms:
- PCLS (pension commencement lump sum)
- LSA (lump sum allowance)
- LSDBA (lump sum death benefit allowance)
- TTFAC (transitional tax-free amount certificate)
- MPAA (money purchase annual allowance)
For each item, expect an easy-to-understand definition that also offers a bit of background per term.
In a world that’s awash with word soups and acronyms, James’s jargon buster offers a welcome source of straightforward explanations of often quite complex ideas.
You can also watch the video of this episode on Vimeo or the event page at our website.
Can’t get enough pensions jargon?
Then look out for part two, where James will tackle even more new pension terms.
In the meantime, why not tune into James’s trio of old pensions jargon guides here in podcast or video formats? (Or visit the event pages for each episode at our website.)
