Personal finance : a practical approach / Jane King, Mary Carey.

Includes index.

Minimal Level Cataloging Plus. DLC

CONTENTS
1. Facing life decisions --
Introduction
Fundamentals of financial planning
Life decisions
Typical patterns of income, debt, and savings
Attitude to risk
Risks
Inflation
Conclusion
2. Balancing your personal budget --
Introduction
The cash budget
Balancing the budget
Level of savings
Monitoring the budget
Conclusion
3. Appreciating the limitations of financial regulation --
Introduction
Self-regulation of financial services 1970
1986
Deregulation in the City of London: 1986
The beginning of financial services regulation: 1986
1997
The era of the Financial Services Authority (FSA): 1997
2013
Retail Distribution Review
Regulation since 2013
The Money Advice Service and financial capability
Financial Ombudsman Service
Conclusion
4. Managing your debt --
Introduction
Annual percentage rate (APR)
Student loans
Bank overdrafts
Personal loans
Credit cards. Contents note continued: Store cards
Mortgages
Peer-to-peer lending
Hire purchase
Payday loans
Debt advice
Conclusion
5. Understanding income tax and National Insurance --
Introduction
The personal allowance
Income tax bands
Tax on interest received
Tax on dividend income
Preparing an income tax computation
Employment income
Income from self-employment
Self-assessment
National Insurance(NI) contributions
Conclusion
6. Building your savings --
Introduction
Reasons for saving
The UK household saving ratio
Risks of saving
Inflation risk
Compound interest
Annual equivalent rate (AER)
Tax treatment of savings
ISAs
Types of savings accounts
A systematic approach to becoming a saver
National Savings and Investments
Credit unions
Peer-to-peer lending
Conclusion
7. Understanding capital gains tax and inheritance tax --
Introduction
Capital gains tax (CGT). Contents note continued: Exemptions from capital gains tax
The CGT annual exemption
The CGT computation
Shares and CGT
ISAs (individual savings accounts)
CGT gains and losses
Tax planning for capital gains tax
Reliefs from CGT
Administration of CGT
Inheritance tax
Exemptions from inheritance tax
Potentially exempt transfers (PETs)
Gifts with reservation
Conclusion
8. Investing for the future --
Introduction
Risk and return
Shares
Measuring return on shares
Bonds
Government bonds (gilts)
Investment performance
Diversification
Collective investments
ISAs (individual savings accounts)
Venture capital trusts
Buying and selling investments
Relative risk
Conclusion
9. Buying your own home --
Introduction
Historical context of home ownership in the UK
Property prices
Rent or buy?
Types of mortgage
Mortgage interest
The deposit
The annual percentage rate (APR). Contents note continued: Other costs of buying a property
How much to borrow?
Shared ownership
Rent-a-room relief
Remortgaging
Equity release schemes
Conclusion
10. Investing in buy-to-let property --
Introduction
Benefits of investing in a buy-to-let property
Disadvantages of investing in a buy-to-let property
Appraising a buy-to-let investment
Rental yield
Taxation of buy-to-let properties
Risks faced by buy-to-let investors
Conclusion
11. Using insurance to manage your risks --
Introduction
What is insurance?
Insurable interest
To insure or not to insure?
Uberrima fides or utmost good faith
Moral hazard
Adverse selection
Compulsory or required insurance
Life assurance
Income protection insurance
Critical illness insurance
Payment protection insurance (PPI)
Assessing the need for life assurance and income protection
Pensions
Other insurance policies
Conclusion.
12. Planning for your retirement --
Introduction
The problem with pensions
The basics of retirement planning
The state pension
Defined-benefit (salary-related) pension schemes
Defined-contribution (money purchase) pension scheme
Workplace pensions
Personal pensions
Self-invested personal pension (SIPP)
Pension scheme charges
Tax relief on pension contributions
Options at retirement
Other income streams in retirement
Planning for retirement
Conclusion
13. Making your will --
Introduction
Reasons for making a will
The practicalities of writing a will
Reviewing and updating wills
Assets that do not form part of an estate
Introduction to the rules of intestacy
The rules of intestacy
general principles applied when the deceased is survived by a spouse
Applying the intestacy rules
The rules of intestacy
general principles applied when the deceased is not survived by a spouse. Contents note continued: Deed of family arrangement or variation
The law of family provision
The administration of an estate
Conclusion
14. Coping in a crisis --
Introduction
Facing a debt problem
Options for homebuyers with debt problems
Other options for dealing with debt problems
Individual voluntary arrangement (IVA)
Bankruptcy
Managing a debt problem
Conclusion
15. Bringing it all together --
Introduction
The planning decisions that affect your financial position
The case studies
Conclusion

This book presents the principles of personal financial planning, using case studies and examples to introduce students from a variety of disciplines to an essential set of skills. Encouraging students to take control of their finances, the book moves through fundamentals, including budgeting and managing debt, to engage with major issues and life events where financial literacy is key. Pedagogical features including learning objectives, case studies, terminology boxes, ponder points, examples, and questions help the students to develop their practical skills and show them how to make informed financial decisions.