What are earnings? - Money paid in return for doing a job, What is shift work? - Hours of work that are not the conventional 9 am to 5 pm, What can the beneficiaries of a will inherit from someone who has died? - Money and goods e.g. house, car, What is the job of an ‘executor’? - A person who is appointed to carry out the deceased person’s wishes as stated in their will., What does ‘intestate’ mean? - Dying without leaving a will, Who has inheritance rights where there is no will? - Married partners, civil partners and some other close relatives are able to inherit., What is a codicil? - An official alteration to a will, What is self-employed? - Someone who works for themselves/has their own business?, Who is an employee? - Someone who works for someone else?, What is casual/zero hours work? - When you have no set hours, What is Universal Credit? - An allowance available if you are out of work/on low income, What is the current pension age? - 66, The income generated by shares is called? - Dividends, Income generated by savings is called? - Interest, Income generated when someone dies is called? - Inheritance,

Unit 1 Topic 2

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