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4107251
The sources of money
Description
This is 'Personal Finance Level 2' Unit 2 mind map
No tags specified
personal finance
level 2
mind map
Mind Map by
s1500718
, updated more than 1 year ago
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Created by
s1500718
about 9 years ago
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Resource summary
The sources of money
Different type of employment
Full time
working for all of the working day and week, all year round except for paid holidays
Shifts
Working the sifts fro example morning shifts
Part time
a few working hours each day
Casual work
has no guarantee of work and is called upon to work
Self-emplayed
Works for themselves
Income fro people who are not working
EMA(Education Maintenance Allowance
Available for students
In full time education
in Scotland, Wales and Northern Ireland.
JSA (job seekers allowance)
available for and actively seeking work
between 18 years old and State Pension age
working less than 16 hours a week on average
Income Support
a single (lone) parent
caring for someone who is sick or elderly
pregnant or have recently given birth
can work up to 16 hours a week
ESA(Employment and Support Allowance)
disabled or unable to work because of illness
Child Benefit
child is under the age of 16
or over the age 16 and in full-time education
Basic State Pension
when you reach State Pension age
Investment income
Shares
buy shares in a company
dividend
bank or building society account
receive interest
investment is for a large amount of money - better rate of interest
Rent
buy property with their money and rent it out
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