Personal Finance notes

Personal Finance is an option module for students studying Accounting and Finance. This document covers: sources of income pension, equity release, the risks, the state pension, workplace pension (defined benefit, defined contribution), options on retirement, annuities, income drawdown, automatic enrolment, personal pensions, stakeholder pensions, self-invested pension pension, pension scheme charges, tax relief on pension contributions, tax relief for contribution to workplace scheme, tax relie...

Personal Finance is an option module for students studying Accounting and Finance. This document covers: background on debt, Bank of England, inflation post-Brexit, problem debt, debt advice, liberalisation of financial services, secured versus unsecured debt, types of credit, types of lenders, common forms of personal borrowing, terms relating to debt, annual percentage rate (APR), credit rating, student loans, student loan repayments, credit repairing process, the five Cs of credit, when to us...

Personal Finance is an option module for students studying Accounting and Finance. This document covers: savings, why it is important to have savings, risks associated with saving, reasons for saving, household savings ratio, who is better at saving, capital risk, tax risk, interest rate risk, inflation risk, compound interest, annual equivalent rate, tax implicaton, types of saving accounts, systematic approach to saving, other options for saving, deciding factors when looking for a savings acc...

Personal Finance is an option module for students studying Accounting and Finance. This document covers: historical context in buying property, social sector, shared ownership (part-buy, part-let), properties from Local Authorities and Housing Associations, young owner-occupiers, recent lending policies, rent or buy, private rental, assured shorthold tenancy, benefits or renting, buying versus renting, leasehold vs freehold, what to buy, service charge, social renting, rising house prices - sup...

Personal Finance is an option module for students studying Accounting and Finance. This document covers: applying for a mortgage to purchase a property, costs of buying a property, types of mortgages, which mortgage to choose, sale timeline/stages, property investments, buy-to-let investing, benefits of buy-to-let investing, disadvantages of buy-t0-let investing, taxation issues, other property opportunities, how to prepare yourself for a mortgage application.

Personal Finance is an option module for students studying Accounting and Finance. This document covers: relationship between risk and return, tax effective ways of investing, dimensions of investing, attitudes to risk, components of risk factor, investment pyramid, shares, share prices, measuring return on shares, bonds, three factors that affect bonds, investing and trading shares, portfolio theory, recent development, taxation shelters, investment steps, the arbitrage, discounted cash flows, ...

Personal Finance is an option module for students studying Accounting and Finance. This document covers: estate planning, Capital Gains Tax, inheritance tax, transfers between spouses, gifts, potentially exempt transfers (PETs), wills, misconceptions about wills, rules of intestacy, general principles on intestacy, law of family provisions, practicalities of writing a will, important elements of writing a will, reviewing cancelling and updating wills, joint ownership of assets, what happens to p...

Personal Finance is an option module for students studying Accounting and Finance. This document contains notes taken from coursework guidance sessions on the presentation assessment for the Personal Finance module at LSBU. It covers tips on how to go about completing the coursework to get a good mark, step-by-step guide on what you need to do, a breakdown of the marking scheme, important points you need to cover in your presentation. For this piece of coursework, students are buying shares of a...

Personal Finance is an option module for students studying Accounting and Finance. This document contains notes taken from coursework guidance sessions on the report assessment for the Personal Finance module at LSBU. It covers tips on how to go about completing the coursework to get a good mark, step-by-step guide on what you need to do, examples of financial innovations you can cover in the coursework, what the report layout should look like and what it must contain, things you need to avoid. ...