Tax wrapper: Tax breaks that an investor can 'wrap' around their investment, so that they can are sheltered from paying some or all tax on it. The most common tax wrappers are ISAs and pensions.
Tax Free Lump Sum (TFLS): The allowance for your client to take up to 25% of the amount built up in any pension as a tax-free lump sum, which does not affect your client's Personal Allowance. Tax is then taken off the remaining amount before they receive it.
The Pensions Advisory Service (TPAS): They provide free and impartial guidance to clients with workplace and personal pensions. This is for clients only, Ascentric and financial advisers would not contact TPAS for guidance, they would use the Pensions Regulator for this.
The Pensions Regulator (TPR): They are a body who give guidance to employers, trustees, pension specialists and business advisers. Ascentric and financial advisers can contact them for guidance on certain matters, should it be needed.