Glossary beginning with H

H

Hedge fund

Hedge funds are a high risk investment: they comprise a complicated set of strategies that aims to make attractive returns on the stock markets.

Higher rate taxpayer

You are a higher rate tax payer if you are earning more than the higher tax rate threshold and are paying 40% income tax for the tax year.

Home reversion schemes

With a home reversion scheme, homeowners sell their home at a substantial discount of its value. They give up ownership and the right to any future increase in the property value, but they can continue to live in the property. These plans are available for those aged at least 70 and are for people who have nowhere else to go to obtain money.

Human rights law

This body of law was created by the Human Rights Act 1998. It gives UK citizens the fundamental rights and freedoms contained in the European Convention on Human Rights.

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