Pay as you Earn, is the system used by employers to calculate and deduct Tax and National Insurance from the money you earn through work. These deductions are shown on your payslip.

A personal identification number (PIN) is a numerical code issued in association with payment cards, which may be required to complete a transaction.

A document from your employer showing your earnings and deductions, such as tax and National Insurance.

A way of lending money directly to individuals or businesses online, without using a bank. Returns can be higher, but there’s a risk of borrowers not repaying.

Money saved to provide an income when you retire.

Payments made into a pension scheme by you and/or your employer.

APR stands for Annual Percentage Rate. Personal APR is the rate you’re offered when applying for credit, based on your credit score and personal circumstances. It may be higher or lower than the representative APR.

A plan for managing your own money, and tracking income and expenditure.

Money you borrow from a bank or lender, which you pay back in instalments with interest.