the charges imposed by the Government on citizens and corporations to finance some of its spending

a compulsory tax on earnings from employment collected by the Government to fund public services

contributions paid from money earned to enable individuals to qualify for certain benefits and the State Pension

How much of our pay goes to the Government?

Citizenship

This unit develops pupils' knowledge and understanding of the UK economy and helps them appreciate its relevance to them.

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

charges on employment earnings collected for public services

charges imposed by the Government on citizens and corporations

contributions paid for people to qualify for certain benefits

Match each word to its correct definition.

Fill in the blank: All deductions, such as taxes, are taken from your {{}} before you are paid.

Which is **not** included on a payslip aside?

National Insurance is calculated on earning above what amount?

Fill in the blank: A {{}} is a long-term savings plan that provides you with an income after you retire.

What kind of taxation system does the UK operate, according to the Government's band system?

Fill in blank: Financial {{}} involves making informed decisions about budgeting, saving and avoiding debt.

What is the purpose of a savings account?

Fill in the blank: A debit card allows you to spend directly from your bank account, while a {{}} card lets you repay money later.

doing what is morally right, fair and good

taking money from a lender with the intention of paying it back

when you spend more money than you have from your bank account

putting money into something with the aim of making a profit

Match the word to the correct definition.

Fill in the blank: {{}} is deception for financial gain, often through scams that steal money or personal information.