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: key insurance terms, types of risks, risk management methods, the building blocks of an insurance plan, insurance terms, what is insurance, common types of insurance, excess on a policy, to insure or not insure, Uberrima fides, moral hazard in insurance, adverse selection, life insurance, life assurance, term insurance, whole of life insurance, assessing the need for life insurance, income pr...

This document contains the lecture notes to the first lecture class for the module Personal Finance. The first session covers on how students are going to be assessed and an overview of what the learning objectives and learning outcomes are for this module. It also covers the advantages of personal financial planning. This is an option module for students studying Accounting and Finance.

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 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 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 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. ...

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 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...

This is an option module for students studying Accounting and Finance. This document covers: the power of budgeting, the theories behind our spending decisions, different types of budgeting systems, how to prepare a budget, different types of consumer behaviours, what is budgeting, purpose of budgeting, why people budget, why people don't budget, budgeting building process, managing household finances.

Personal Finance is an option module for students studying Accounting and Finance. This document covers: key insurance terms, types of risks, risk management methods, the building blocks of an insurance plan, insurance terms, what is insurance, common types of insurance, excess on a policy, to insure or not insure, Uberrima fides, moral hazard in insurance, adverse selection, life insurance, life assurance, term insurance, whole of life insurance, assessing the need for life insurance, income pr...

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...

This document contains the lecture notes to the first lecture class for the module Personal Finance. The first session covers on how students are going to be assessed and an overview of what the learning objectives and learning outcomes are for this module. It also covers the advantages of personal financial planning. This is an option module for students studying Accounting and Finance.

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 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: income, state benefits in the UK, sources of income, 'informal' economy, minimum wage, payslip, income tax, National Insurance, where do taxes come from, where do taxes go, tax year, income tax rates, National Insurance Contributions, employment income, benefits in kind, dividends income, self-employment, graduate considerations, income level by occupation, public sector versus private sect...

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...

This is an option module for students studying Accounting and Finance. This document covers: the power of budgeting, the theories behind our spending decisions, different types of budgeting systems, how to prepare a budget, different types of consumer behaviours, what is budgeting, purpose of budgeting, why people budget, why people don't budget, budgeting building process, managing household finances.

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...