Item Count : 8
Page : 1 of 1
Back to A-Z
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National Insurance |
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This is the code on the plastic card you’re given just before your 16th birthday. Your employer gives the number to the National Insurance Contributions Agency of the Government, so that it can deduct money from your wages to pay for benefits that you might need to claim, like Incapacity Benefit, and your state pension when you retire. If you don’t have one, you can go to your nearest Social Security office to
apply.
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Net |
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Indicates a sum of money from which certain amounts have already been taken away.
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Net Income |
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Your net income is the total you earn in a week, month or year after any deductions for tax and National Insurance.
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Net Interest |
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This is interest which has already had the tax taken off it.
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Net Pay |
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The pay you actually get. All the deductions have been taken off before you get it.
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New Deal |
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New Deal is a Government programme that aims to give unemployed people the help and support they need to get into work. Everyone on New Deal gets a personal adviser who is their point of contact throughout the programme. The personal adviser prepares a plan to get you into a suitable job.
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Non-priority debts |
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Non-priority creditors can take you to court to recover the debts but cannot take any other action unless you default on a court order. They are more likely to accept reasonable repayments
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Notice |
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The time you must wait to get your money after telling, say, your bank or building society that you want to take it out. If you don´t wait this time you may be penalized by, for example, losing interest.
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