How_Money_Works_-_The_Facts_Visually_Explained

242 243 to charity. Any tax owing is paid directly from the estate to HMRC by the executor of the will. As an incentive to those ...

Mortgages The UK has one of the most diverse mortgage markets in the world, with a wider range of products than in most countrie ...

244 245 First-time buyers in the private sector can open a Help to Buy ISA account to build up a deposit. For every £1 saved int ...

The new state pension A new UK pension system was introduced in April 2016 – the New State Pension with a maximum weekly payout ...

246 247 contract and pays in on the employee’s behalf. If the employee leaves their job they can transfer the accrued funds to a ...

Page numbers in bold refer to main entries. 24-hour-maturity money market funds 87 A absolute return funds 185 accountability 11 ...

248 249 HOW MONEY WORKS Index conversion 38, 39 lump sums (pensions) 197, 202 cash flow 26, 36–9 gap 39 management of 38–9 posit ...

INDEX Industrial Strategy 234 depletion 32–3 deposit (property) 176, 244 deposit accounts 56, 87, 166–7 deposit liabilities 90 d ...

250 251 HOW MONEY WORKS Index gilts 50 global data analysis 63 global financial crisis 35, 75, 82, 92, 128, 215 global payment n ...

INDEX rental property 170–71 returns 189 risk tolerance 192–3 shares 48–9, 54, 60–61, 164–5, 182–3 and state pensions 140–41 tax ...

252 253 HOW MONEY WORKS Index N narrow money 86 the Nasdaq 61 national income 115 National Insurance (NI) 106, 140, 240 – 41, 24 ...

INDEX repairs, property 170, 171 repayment mortgages 212 representative currency 87 reserve currency 139 reserve rates 100–103 r ...

254 255 HOW BUSINESS WORKS Index New State Pension 240, 246 and retirement 196–7 UK 246 statements, company 44–5 stock exchanges ...

ACKNOWLEDGMENTS Dorling Kindersley would like to thank Alexandra Beeden for proofreading, Emma Wicks for design assistance, Phil ...