Glossary: W

WHO YOU BORROW FROM

High street banks and building societies are competing with each other to lend you money. The interest rates they charge are set by market forces.

WITHDRAW

Take cash out of your account.

WORKING FAMILIES TAX CREDIT

The Working Families Tax Credit is a new way for working parents to claim financial support from the government. The amount of help you can get depends on your income, how many children you have and whether you have to pay for childcare. You can find out more about the Working Families Tax Credit from your local Benefits Agency Office, New Deal Adviser, Job Centre or Tax Enquiry Office.