HND个人理财参考答案

HND个人理财参考 答案 八年级地理上册填图题岩土工程勘察试题省略号的作用及举例应急救援安全知识车间5s试题及答案 HND个人理财参考答案PAGEHND个人理财参考答案CreditcardAdvantage3PowerandEaseofPurchase-Creditcardscanmakeiteasiertobuythings.Ifyoudon'tliketocarrylargeamountsofcashwithyouorifacompanydoesn'tacceptcashpurchasesputtingpurchasesonacreditcardcanmakebuyingthingseasier.ofPurchases-Creditcardsmayalsoofferyouadditionalprotectionifsomethingyouhaveboughtislost,damaged,orstolen.aCreditLine-Havingagoodcredithistoryisoftenimportant,notonlywhenapplyingforcreditcards,butalsowhenapplyingforthingssuchasloans,rentalapplications,orevensomejobs.Disadvantage3YourBudget--Thebiggestdisadvantageofcreditcardsisthattheyencouragepeopletospendmoneythattheydon'thave.Mostcreditcardsdonotrequireyoutopayoffyourbalanceeachmonth,soevenifyouonlyhave£100,youmaybeabletospendupto£500or£1,000onyourcreditcard.InterestRatesandIncreasedDebt--Creditcardcompanieschargeyouanenormousamountofinterestoneachbalancethatyoudon'tpayoffattheendofeachmonth.ThisishowtheymaketheirmoneyandthisishowmostpeopleintheUnitedStatesgetintodebt.CardFraud-Likecash,sometimescreditcardscanbestolen.Theymaybephysicallystolenorsomeonemaystealyourcreditcardnumberanduseyourcardtorackupdebts.Howtoavoidtopayinterestonpurchase?theoutstandingbalanceinfullbytheduedatewhichstatementeverymonth.upadirectdebittoclearoutstandingbalanceeachmonthautomatically.Non-cashpaymentContactlesspaymentContactlessisafast,easyandsecurewaytopay.Thepurchasertapsthecardreaderwiththeircard,waitsforabeepandgreenlightandthetransactioniscompleted.FromSeptember2015,thecontactlesscardpaymentlimitisbeingincreasedfrom£20to£30.Beyondthelimit,thecustomerhastousethechipandpinfunctiontoauthorizethetransactionusingtheirPINnumber.Advantages:1.Convenience.Tappingtopayisfasterandmoreconvenientthanmostotherformsofpayment.Acontactlesscard,forinstance,canbeusedwithoutremovingitfromyourwallet.2.Acceptance.Contactlesscardsareacceptedatfarfewerlocationsorretailersthanotherpaymentmethods.Disadvantages:1.Lessimplicit.Ifyouhavemultiplecardsinyourwalletandyoupaywithoutremovingthem,thewinnerisrandomluck.Sometimes,thiscancauserealissues(suchaserrorsattransitsettings).2.Lesssecurethanchip-and-pinISADefinition:TheindividualSavingAccountisanaccountwhereinterestandgainsmadeoncapitalisnottaxedatsource.Features:1.availabletosaversaged16orover.2.ISAsareavailabletoUKresidents.3.ISAwasdesignedtoencouragesavertoinvestinawiderangeofsavingorinvestments.4.WithstockandsharesinaISA,dividendsarefreeiftax.Anycapitalgainsonthestocksandsharesarealsotaxfee.5.ThemaximumyoucansaveinISAsis£20,000(6April2018-5April2019)taxfee.6.ISAcanbesavingaccounts,shareaccountsoracombinationofthetwo.TherearefourcomponentswithinISA.1.CashISA2.StocksandsharesISA3.InnovativefinanceISA4.LifetimeISAHowtosavingYoucansaveupto£20000inonetypeofaccountorsplittheallowanceacrosssomeoralloftheothertypes.Youcanonlypay£4000intoyourlifetimeISAinataxfree.PersonalloansintheUK1.Loantermscanusuallybe1yearto8years(or5years),andtheexacttermdependsontheamountborrowed.2.Personalloansarealwaysunsecured.3.Interestontheloanischargedatafixedrateforthefullterm.4.Personalloansusuallyavailableforsumsof£1,000to£50,000(or£25,000),themaximumamountdependsonfinancialinstitutions’decisionsandcustomer’individualcircumstances.5.Personalloaniscreatedbytransferringfundsintothecustomer’scurrentaccount.Overdraftfeatures1.Anoverdraftallowsyoutoborrowalimitedamountofmoneythatbankshaveapprovedforyouthroughyourcurrentaccount,andyoucanissuechequestomakepaymentsuptothatlimit.2.Bankswillonlychargeyouinterestandfeeifyouactuallyuseit.Thechargebasedonthetotalamountofoverdraftondailybasis.3.Lowerinterestrateswillbechargedcomparewiththeborrowingfromcreditcardsincethetotalamountofborrowedmaydecreaseifyoursalaryispaidtoyourcurrentregularly.MortgageEquityreleasemortgageEquityreleasemortgageistheprocessofpayingoffonemortgagewithproceedsfromanothermortgageusingthesamepropertyassecurity.Advantage31.Thereleasepfequitythatcanbeusedforrenovationworkorexpandingyouhome.2.Norestrictionsonrentingthepropertyoutifthereisnomortgage.3.Theprocessforapplicationisveryquicksincethisisnotthefirsttimeapplication.Disadvantage21.Itmaximumloanisupto£25,000.2.Youmaybeswitchingyourshorttermdebtstolongtermdebts.RedundancyinsurancepolicyRedundancyinsurance,alsoreferredtoasunemploymentprotectioninsurance.Itallowsyoutocover50%-70%ofyourGROSSsalaryuptoamaximumof£5000permonthTaxFree.Features:1.Benefitsarepayablemonthlyusuallyafter30daysunemployment.2.Payableuntilareturntoworkortheceasingdate.3.Canbeinsole,jointcoveror2separatenames.4.Oftenlinkedaccidentorsicknessinsuranceplans-althoughcanbetakenasseparatebenefits.ASUYoucanchooselinkedASU.Itisdesignedtoprovideyouwithfinancialprotectionintheeventyouareunabletocontinueworkingbecause:1.Youhavelostyoujobthroughonfaultofyouown.2.Youbecomeillandaretoosicktowork.3.YouareinjuredandunabletoworkFactorsWhentheychooseinsurance,theycanconsider1.benefits/levelofcover2.premiumspayable3.Conditionsandexclusiontothecover4.Dothepremiumschange5.Insuranceperformance6.OneoffchargesDividendrights1.nofixedrateofdividend.2.Dividendispaidafterdividendatafixedrateispaidonpreferenceshares.3.Atthetimeofliquidation,capitalonequityispaidafterpreferenceshareshavebeenpaidbackinfull.4.Thesesharesaremostimportantpartofacompany’scapital.5.Theycarrytheriskofthecompany’sfailure.Companiessometimesclosingthedoorandgoingoutofbusiness.Then,companypaysitscreditorsfirst.Preferenceshareholdersreceivetheirshareofthecompany’sassetsbasedonthevalueofthesharestheyown.Afterthat,anyvalueremainingisdividendamongtheordinaryshareholders.Differencebetweenunittrustandinvestmenttrust1.Unittrustareopen-endedschemesofinvestment,whichmeansthereisnolimitstothenumberofunitscanbecreated.Investmenttrustsareclosed-ended:aninvestmenttrusthasafixednumberofshares.2.Unittrustismanagedbyafundmanager,whomaintainsthetrustandtriestoimproveprofitlevel,aseparateorganisationactsastrustee.Themanagersandthetrusteesundertakecontractualobligationsthataresetoutinthetermsofthedeed.Everyinvestmenttrusthasanindependentboardofdirectors.Theyareresponsibleforsafeguardingshareholderinterests.So,themanagersanddirectorswhoexercisecontrolinvestmentunitcanbethesameperson.3.UnitTrustscanadvertisetoinvitethepublictobuyunitsatanytime.InvestmentTrustsarenotallowedtoadvertiseexceptfornewissues.4.Investmenttrustsdobetterthanunittrustsoverthelongterm,becausemanyinvestmenttrustsusegearing.5.Broadlyspeaking,anannualmanagementchargefortheUnitTrustcanbeupto%ofthevalueofyourfunds.Broadlyspeaking,annualfeeforinvestmenttrustvaryfrompercentto1percentoffundsundermanagementTheDataProtectionAct1998Informationcanbetransferredtothirdpartiesinthefollowingcircumstances:1.Topersonsactingasthebank’sagentsunderastrictcodeofconfidentially.2.Suspicionofcommissionofterroristfinancingoffenceorforpurposesofidentifyingterroristproperty.3.Withtheaccountholder’sexpressagreementtonamethirdparty.4.Asrequiredbylaworregulation.5.AsrequiredinrelationtoMoneyLaunderinglegislation.6.Tocreditreferenceandfraudpreventionagenciesandotherorganisations.PaymPaymenablesyoutosendorreceivemoneyuptoadailylimitsetbybankusingjustamobilephone.Beforeyoustartusingmobilepayments,youwillneedtoregisterforpaymandlinkyourUKmobilephonenumberwithyouownbankaccountsincepaymonlyworksbetweenpeoplewhoareregisteredforhisservicewiththeirbankers.Paymusuallypaybackfriendsandfamilywithouthavingtowithdrawcash.Youdon’tneedtosharebankdetail.Youcanexchangepaymentswithotherpaymuser,nomatterwhotheybankwith.It’sfree,secureandeasytouseandpaymentsaresentinamatterofseconds.However,therearesomedisadvantages,youcan’tsendapaymenttosomeonewhosemobilenumberisnotregisteredforpaym.Thereisnowayofstoppingthepaymentonceyouselectconfirm.DebitcardDebitcardsarenotawaytoborrowmoneyandyouhavetomakesurethattherearesufficientfundsinyouraccounttocoverthepayment.Youcaninsertthedebitcardintothespecialcardreaderintheshop,andusingtheuniqueChipandPintoauthorizethetransactioninsteadsighingareceipt.Debitcardsallowforpaymenttobedebitedbyashoporacompanydirectlyfromyourcurrentaccountelectronically.Debitcardsareusedwithcardreadersinshopsthatcontactyourbankelectronicallytoconfirmthetransaction.Theycanalsobeusedtopayforthingsviatheinternetortelephone.It’seasytoobtainandconvenience.However,ithasnograceperiodandlessprotection.CreditcardCreditcardsareamajorsourceofshorttermborrowing.Acardholderisgivenlimitbytheissuerbasedontheirassessmentofthecreditworthinessofthecardholder.Iftheaccountbalanceispaidinfull,thecardholderhasenjoyedanextendedperiodpfinterestfreecredit.Ifthecardholderdoesnotpaytheirbalanceinfulltheymustmakeaminimumrepaymentdeterminedbythecardissuingcompany.Whenthecardholderdoesnotpaytheirbalanceinfull,interestischargeddailyontheoutstandingbalances.ISAIndividualsavingaccountsareagovernmentschemetoencouragemorepeopletosaveorinvesttheirmoneywithoutpayinganytaxontheinterestearnednoronincomeandanycapitalgainsfrominvestmentinanISA.TheISAallowancemaychangeeveryyear,soyoushouldseektomaximizetheyear’sISAallowance.Inthatway,youcanreduceoreliminatethetaxliabilityinrelationtoyoursavingsandinvestments.Youcan’tholdanISAwithoronbehalfofsomeoneelse.