OPEN - ESDS

.
RETIRENSNT PENSION -
SAVE AS YOU EARN -
SECOND MORTGAGE -
SELF CATERING
HOLIDAY
SELF EMPLOYED
SNEPANCE PAY
SEVERE DISABLEMENT -
ALLOWANCE
SHAP&5
SHOP RUNNING A CLUB -
SICKNESS BENEFIT -
SICK PAY
SOCIAL FUND
SPECIAL TEMPoRARY -
EMPLOYMENT PROGRAMME
( STEP)
See NI Retirement Pension.
Sa= As You Earn is a National Sav_in9S or Building Society
scheme whereby a Person agrees to make sixty regular
monthly contributions ( from a S4 minimum to a s50 maximum)
ovsr five years.
A second mortgage is s+ loan usually arranged for a large
item of expenditure (eg, home improvements). The
distinguishing feature of this type of loan is that it
uses the person’s home as security, consequently the rate
of interest is likely to bs less than other types of long
term loan.
Where all arrangements for eating are arranged by the
holiday maker. Trawsl and accommodation may bs arranged
by agent or by holiday maker.
SOUeOne is self employed if they work on their own account
instead of &awing a wage or salary from an employer. It
includes anyone who is responsible in their work only to
themselves (Tax is not deducted at source by PAYE but paid
direct to Inland Revnue) .
This is general term covering payment for loss of office
or money in lieu of notice.
Paid to people who cannot work because of long term
sickness and who do not qualify for Contributory
In=lidity pension because of too few NI contributions.
A share in a company can bs bought by an individual
thereby making him a part owner of the company. Interest
( dividend) is paid from the profits of the company to
shareholders.
This type of club is normally run by a small shop mainly
for toys, clothing and household goods. In many cases the
customer has to make a number of payments to the club
before being entitled to mske a purchase. Usually the
payments are not earmarked for any specific item, but can
be used to purchase any goods sold by the shop.
See Statutory Sick Pay. NI Sickness Benefit.
See Statutory Sick Pay. NI Sickness Benefit, ~ployers
Sick PaY .
~is fund replaces statutory grants such as Death Grant
and Msternity Grant. Paymsnts from it are msans tested
ie. a grant depends on income and need. In April 1988
lump sum payments for people on bsnefit towards the cost
of hsdding, clothing etc will bs replaced by LOAwS from
social fund.
This programme provides temporary work for adults who
have bsen out of work for six months, in the case of 19-24
year olds, or twelve months for those whO are older.
Those taking part are paid the rate for the job subject
to a maximum limit. Projects are sponsored by Local
Authorities and voluntary organisations and are designed
to improw the local area. The programe is run by the
Manpower Ser vices Commission. The programe is currently
being replaced by the Community EnterPrise prova~e
(CEP).