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Where you live in the UK will make a big difference to how much your daily living costs are, just as how you live will affect things too.
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Almost everyone who works in the UK must pay two different taxes on the money that they earn; these are called Income Tax and National Insurance Contributions.
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The UK has a very competitive job market so you may find that the amount of money you can earn will vary quite a lot from company to company.
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75% of all UK citizens bank with one of five major banks in the country, you will find ‘branches’ of these banks in most town centres and on most local high streets.
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A loan is a way of temporarily borrowing money, which you then repay with interest over an agreed period of time, usually between 1 and 30 years.
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You can open a savings account in the UK with just a £1 deposit, and there are hundreds of banks and savings companies that will happily invest it for you.
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There are seven main different kinds of investments that can be made in the UK; these are ISAs, Investment Trusts, Unit Trusts, OEICs, Endowment Policies...
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VAT stands for Value Added Tax, and is an indirect tax that you pay when you buy goods and services here in the UK. VAT is usually included in the price...
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A moneygram is a fast international money transfer system that allows you to send and receive money to and from approximately 60,000 locations in 200 different...
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Unless bills are included in your rent, you will probably have to make sure that they are paid by yourself. You can do this either by post, telephone, on-line...
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When you arrive in the UK you will soon notice just how often you see people paying for things, even as small as a cup of coffee, with a credit card...
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Last Updated ( Thursday, 28 August 2008 )
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Whilst all reasonable efforts have been made, the publisher makes no warranties that this information is accurate and up-to-date and will not be responsible for any errors or omissions in the information nor any consequences of any errors or omissions. Professional advice should be sought where appropriate. Copyright OKinUK Ltd August 2008
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Cost of Living
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