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Occupational Pension Scheme - a scheme run by an employer which employees can join.

OEIC - see Open Ended Investment Company

Offer price - the price at which a financial instrument is sold to you, the investor e.g.

bid price 95p, offer price 100p. The company will sell to you at 100, and buy at 95. So if

you buy at 100 you will need the bid price to reach 101 before you can make a profit.

Offshore (investment) - putting your money outside the UK. Don't assume that this offers

any better returns or tax benefits than onshore funds without checking with your UK

professional adviser.

Open Ended Investment Company - a form of structure used by fund mangers for making investments available to investors.

Option - a contract that gives you the right to buy (Call option) or sell (Put option) underlying asset (i.e shares) at a predetermined price. Not for the average investor.

Ordinary Residence - a tax term, only of importance to Brits who have spent time outside

the UK, or immigrants to the UK.