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Glossary

  • Total Expense Ratio (TER)

    Total Expense Ratio, or TER, measures the total costs of a Fund investment and can be applied to fund structures such as Unit Trusts, OEICs, Exchange Traded Funds and Exchange Traded Commodities. Typically the TER will consist of the annual management charge (the fee that the fund company charges annually to manage the Fund, typically commission paid to Fund managers) plus 'other' charges incurred with running the Fund. These other charges can consist of share registration fees, fees payable to auditors, legal fees, and custodian fees. The TER is calculated by dividing the total cost by the fund's total assets and is denoted as a percentage. It may vary from year to year.

Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

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The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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