No idea too small

Month: June 2017

How can wireless printing increase productivity

How can wireless printing increase productivity

Wireless printers are one of the handiest devices you can have in the workplace as they provide businesses small or large with a whole host of benefits. The primary benefit of wireless printers is that they allow workers to access them without even being connected. […]

Your Top Options in Using and Hanging Your PVC Banner

Your Top Options in Using and Hanging Your PVC Banner

When it comes to your advertising and marketing options, there’s no traditional marketing tool that can be as effective as a banner. It’s true that you have other choices, such as advertising on social media, advertising in newspapers or magazines, or even advertising by word-of-mouth, […]

When is buying a house a good financial decision?

When is buying a house a good financial decision?

Considering to buy your first home, but still unsure because of personal and economic conditions? You’re not alone! Hundreds – thousands of potential homeowners’ struggle with the idea of finally committing to property ownership for understandable reasons.

So how would you know that buying a home is a good financial decision for you right now? Check out these factors:

Owning costs are less than renting. If you’ve assessed your budget and realised that your monthly payments for buying a home are less than you’re currently paying in rent, then it’s high time to purchase a home. Consult with the bank and check what your mortgage payments would be for different types of properties and check what you can afford. Don’t forget to include other costs you have to pay as well. If it’s the same or near, you’d be saving money by purchasing a home – and there’s the benefit of putting tour money towards your own home.

What’s great is that you don’t have to leave the confines (and the comfort) of your home to find great listings in good locations. Find the next perfect home for you and your family by visiting http://communities.lendlease.com/western-australia/house-and-land-packages-perth/ and browsing pre-built houses or properties to suit your family’s needs.

You’re 100% into it and you have a stable job. Your mind and soul are ready! Just like the time you planned to propose to your girlfriend, buying a house requires 100% of your commitment. Home ownership comes with a plethora of responsivities, which includes maintenance, property taxes, mortgage, and selling when the time comes to move again.

There are also moving expenses, legal fees, and all other costs that come with home ownership. If you are in a stable or business venture that will provide continuous finances for a mortgage, then it’s time. You can also have the property rented if you so wish.

A good buyer’s market. When the demand for housing is relatively low and there are multiple properties on the market that aren’t being sold fast enough, this is known as a buyer’s market. In this market, you will have a stronger bargaining power under the conditions than if you’re buying in a seller’s market, where the demand for homes is high, which results in few properties on the market sells fast. In a buyer’s market, you have a higher chance to get better prices and you’ll be able to negotiate a seller’s list price down – even quite significantly – and save yourself a lot of money in the process.

Low-interest rates. Low-interest rates mean that it’s a god time to look at purchasing a home. You’ll be able to get a good interest rate on your mortgage loan, which will save you a lot of money in the future. A home is stereotypically the single largest acquisition anyone makes, and the amount of interest that come with a mortgage adds up over the years that you pay the loan. Just a small difference in the percentage can make a big difference over the long run.

Take note that buying a home is a big commitment – perhaps even bigger than marriage! Therefore, you should never purchase a home without planning and be sure that you’re ready to take on the responsibility. Now if you’re ready to commit and you find yourself with a couple of factors in this article like a low-interest rate and a buyers’ market, then perhaps it’s the right time to take the plunge!

4 Ways Pop Up Stands Help Your Business at Trade Shows

4 Ways Pop Up Stands Help Your Business at Trade Shows

If you are considering expanding your presence in the market and making your brand more visible it is likely that you will have considered attending a trade show. Trade shows and exhibitions are ideal for putting your company out there, increasing sales and leads, and […]

The Most Interesting Areas Of The Legal Profession

The Most Interesting Areas Of The Legal Profession

Are you looking to start a career in law? Does the idea of making sure clients get justice seem appealing? Then you’ll need to think about which practice area is most suitable for your talents. Today, we’re going to highlight some of the most popular […]

Pension Funds and Taxes

Pension Funds and Taxes

As of April, 2015, the rules have changed regarding U.K. pensions. Now, pensioners may withdraw their money at will, as if their pension scheme were a traditional savings account, either all in one large amount or regularly, in small portions. However, there are some concerns about possible tax liabilities that pensioners and employers alike need to be aware of. Under the new rules, 25% of any withdrawals are tax-free, and the remainder is taxed at your regular income tax rates. Which means of accessing your your retirement benefits depends on several factors, including:
pensions_2747863b
 
– The number of income sources you have to draw from, including cash reserves, properties and pension pots from multiple funds.
 
– Whether you withdraw your pension in bulk or in regular payments
 
– Your overall tax rate
 
What Are the Tax Limits for Pension Schemes?
 
Pension allowances are currently £40,600 during each fiscal year, and £1.25 million over your lifetime; any unused allowances from the previous three years can be rolled over to top-up your pension fund to the current limit during the first tax year that you begin withdrawing from your pension pot. The limit on contributions is £10,600 per fund, and you must notify any other pension schemes you’re enrolled in if any of your contributions drops below that amount. That’s because your total liability and exemptions are interdependent from scheme to scheme; if you go over the £10,600 allowance on one scheme, your overall tax-free allowance drops to £30,600. 
 
There are three basic types of pension funds, and a different proportion of your contributions counts toward your annual allowance in each. Defined contribution pension schemes, which are the most common employer-provided funds, count the total amount of contributions from all sources toward your annual limit. Defined benefit contribution schemes count only any increases you have coming to you after you’ve reached retirement. The last type is a hybrid scheme, which will count the higher of the two amounts from between total contributions or pension increases, and apply that figure to your annual allowance. 
 
Maximizing Your Advantage
 
For pensioners who have little to no tax liability on additional income sources, the best strategy is to withdraw small amounts on a regular basis to cover expenses. This will distribute your tax liability over several fiscal years, as opposed to paying a much higher relative rate on a bulk withdrawal. For example, if your total pension pot is £200,000, you’ll pay tax at y9our regular rate on £150,000 by withdrawing the amount as a lump sum; that same amount will go further, with less tax paid up front, by taking £20,000 annually, paying tax on only 75% of that amount, or £15,000. That will put you in a lower income bracket and lessen the tax burden overall.
 
Pension fund directors like Fahad Al Rajaan oversee investments for workers and retirees, and help ensure that all transactions are smooth and efficient. They work in conjunction with everyone from insurance companies to public and private sector employees, and any other organizations that are responsible for taking care of group employee retirement benefits. This line of work is more essential than ever as more companies move away from government-funded pensions to private investment options in order to finance retirement pension schemes.