Annual Percentage Rate (APR)
The true cost of the mortgage over the full term, set out as a yearly rate, including all fees, terms and interest. The calculation assumes that you maintain the mortgage for the full term. APR is a standard calculation in the mortgage industry and allows mortgages from all lenders to be compared
A fixed sum of money paid to someone each year, typically for the rest of their life usually associated with pensions at retirement.
when you buy bonds, you’re effectively lending money to a government or corporation to fund spending or raise capital.
Capital Gains Tax (CGT)
Tax payable on any gains over the CGT allowance from the sale or disposal of stocks or other assets subject to this tax. Tax is payable at 18% or 28% (2014/15 rates) depending on the taxpayer’s level of income.