Upload
derek-brown
View
221
Download
0
Embed Size (px)
DESCRIPTION
When young people leave home, there are various laws that affect them. For her Baccalaureate project, Christy Foster (S6) investigated these. The leaflet shows her conclusions.
Citation preview
How to
grow up
The Cost of a Car
Leases
You have to
• Maintain the flat • Ask permission to
change anything • Be a good neighbor: being loud,
aggressive or dirty can get you evicted. • The leaseholder advice association has
details of all your rights and
responsibilities
Read every bit of your lease. It will
have details of your responsibilities
and it is binding
Top Tips
• Make sure you know what’s included
in the rent and what bills you still
have to pay • Take photos of any damages:
otherwise you could face the blame
for them • If there’s already furniture in the flat
make sure it matches the innovatory
so you’re not held responsible for
missing items
See for more advice http://www.rightmove.co.uk/resources/property-guides/renting-guide.html
Insurance: what type?
• if you couldn’t afford to
replace your car go for
fully comprehensive • sometimes fully
comprehensive is
cheaper, so check
Insurance- lower the cost
• drive safely • drive less • avoid expensive cars or
customizing your car • add a low risk second driver
(e.g. parents) • be someone else’s second
driver • paying it monthly could cost
you more
Check out “pay as you
go” policies.
They fit a box to your car
that monitors how you
drive and charge you
accordingly.
Be aware of fake companies, they target young
drivers check if your company is registered by
the FCA
Tax
Income Tax
• If you earn less than £9400 than
you do not have to pay income
tax - if it’s being taken off your
pay then contact HM Revenue to
stop this.
National
Insurance
• If you earn more than
£149 a week you have to
pay National Insurance.
It will be taken off your
wage
Council Tax
• If only students live in the
house/flat then no council tax
has to be paid. • If even one non student lives in
residence then council tax will
have to be paid
Work
Holidays
• You are entitled to 5.6 x your
normal weekly contract hours in
paid holiday every year.
Pay
• If you are aged 16-18 at
minimum you must be
paid £3.71 an hour • If you are 18-20 you are
entitled to £5.03 an hour • If you are 21 and over
you are entitled to £6.31
an hour • As an apprentice you are
entitled to be paid £2.16
an hour
Working Hours
• If you are under 18 you shouldn’t
be working longer than 8 hours at
once or 40 hours a week.
Student
Loans
How Much?
• you can receive a student loan of
between £4500-£6500 depending
on your situation (see
www.saas.gov.uk to discover
what you’re entitled to)
Paying it back
• You don’t need to pay it back
while you’re still studying only
once you have left college/uni
and are making over £16,365 a
year at a rate of 9% of your
annual pay • Money can be taken off your
wages automatically to repay
your loans or at any time you
can make voluntary direct to
Student Loans Company (SLC)
Cancelation
You no longer have to
pay off the loan if:
• You reach age 65 • You die before it’s paid off • You become permanently
disabled or unfit for work