a reduction in the value of an asset over time, due in particular to wear and tear
1 of 5
what is self assessment?
• Self-Assessment is a system the HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return
2 of 5
what is liquidity?
having instant access to your money
3 of 5
what are the four factors someone should consider before deciding on saving or investing?
whether they can access their money, what return they'll get, any charges, the risk attitudes of you and the account
4 of 5
why do providers like to attract graduates?
because they have the potential to earn more in the future than non graduates
5 of 5
Other cards in this set
Card 2
Front
what is self assessment?
Back
• Self-Assessment is a system the HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return
Card 3
Front
what is liquidity?
Back
Card 4
Front
what are the four factors someone should consider before deciding on saving or investing?
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