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IFA - see Independent Financial Adviser

IHT - Inheritance tax

Income Bond - a bond more like a fixed term fixed rate deposit account in that they are not

normally tradable, and are also normally very safe. May also refer to a life insurance bond

whose emphasis is income.

Income Protection Plan - an insurance policy that provides you with an income (to

retirement age and index linked if required) in the event that ill health stops you

working.

Income Tax - tax on income. Broadly speaking assume that you are liable to income tax on

all income that arises anywhere in the world.

Income Tax Allowances – see Allowances (tax).

Independent Financial Adviser - a UK professional who can research the market in order to make the optimum arrangements for their clients. As opposed to financial advisers who are only able to sell the products of one company.

Independent Mortgage Adviser - an adviser able to source mortgage funds from more than one lender. Many IMAs who are not also IFAs can only arrange the insurance and investment element with one company, which may not be the best for you.

Index Contracts - an investment that is linked to an Index, in the UK normally the FT-SE

100.

Index Linked Gilt - a Gilt whose return is linked to inflation.

Individual Savings Account - a tax efficient investment account.

Inheritance tax - a tax levied on estates.

In House Additional Voluntary Contribution - a way of improving your pension.

Initial Unit - a unit of investment fund (normally through a pension or life insurance

policy). This type of unit is used as part of the charging mechanism for the policy.

Intestacy - This occurs if you die without making a Will. A fixed set of rules are used to

distribute your estate.

Investment Trust - a form of investment company.

ISA - see Individual Savings Account.