Income units

An investment fund offers two types of units or shares you can buy – accumulation or income. The difference is in how they handle the income (i.e. the dividends or interest) the fund generates.

Where accumulation funds reinvest this income, income funds pay it out to investors. The income is paid to your cash account regularly (usually monthly or quarterly) for you to choose to withdraw or reinvest. See also accumulation units.

Acc v Inc funds

Popular terms

Ready-made pension

A simple, low-cost pension where you choose from four AJ Bell fund options.

Money paid in is automatically invested...

Pension builder

The Pension builder fund is AJ Bell’s low-cost standard option, designed to help you invest the money you’ve paid into...

Non-workplace pension

A type of pension that you set up yourself. You control how much you pay in (and when) as well...