Money

Money

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If money is stopping you from getting the best start in life, this section is for you.

Follow the links to the left to find out about what money you can get whilst at school, college or university; what benefits there are if you're unemployed; what is National Insurance & tax; what's available if you're a student with a disability; how to get help with child care; and what to do if you get into debt.

See below for more info on:

Young Money

Minimum Wage

Princes Trust Community Trust Awards

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Young Money

Got an idea for a group or activity of your own?

Apply for Young Money. This funding is available to anyone aged 13-19 living in Portsmouth (PO1-PO6). The money can be spent on anything that will increase things to do or places to go for young people in Portsmouth. Only young people can decide where the money goes. The young money panel (whose members are also aged 13-19) get to look at all application forms, and make all the decisions regarding who gets the funds.

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Minimum Wage

With a few exceptions, all workers in the UK aged 16 or over are legally entitled to be paid a minimum amount per hour. This is regardless of the kind of work they do or the size and type of the company. The rate is reviewed every year.

The National minimum wage for 2008-2009 is £5.73 (Adult rate - workers aged 22 and over).

Development rate for 18-21 year olds is £4.77

Development rate for 16-17 year olds is £3.53

Apprentices under the age of 19 are not entitled to the National Minimum Wage. Apprentices who are 19 or over and in the first 12 months of their apprenticeship are not entitled to the National Minimum Wage.

The rate for the accomodation offset increased to £31.22 per week (£4.46 per day).

With a few exceptions, all workers in the UK aged 16 or over are legally entitled to be paid a minimum amount per hour. This is regardless of the kind of work they do or the size and type of the company. The rate is reviewed every year.

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Prince's Trust Community Cash Awards

Cash awards up to £5,000 for young people to design and set up projects on a voluntary basis that will benefit their local community. Past awards have included funding for start up youth cafes, asylum seekers improving perceptions in the community through photographic exhibitions, community radio stations, organic gardens kept for and by young people with mental health problems, DVD’s to raise awareness of crack dealing. Eligible projects must:

• be run and managed by young people
• deal with a local community need, with clear benefit to that community
• benefit the young people running the project
• be new or developing initiatives
• Read more...

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If you’re a young person with learning difficulties or difficulties the 4US website has widget publications to download and the Trans-active website goes through a transition interview with a Connexions YA.

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Page updated: Friday, June 11, 2010 10:08 AM