Bankroll – Wagdy Ghoneim Fri, 11 Jun 2021 19:13:02 +0000 en-US hourly 1 Bankroll – Wagdy Ghoneim 32 32 What is 5G home broadband? Thu, 11 Mar 2021 05:24:28 +0000

The future of mobile broadband is 5G, and despite some setbacks with the establishment of UK infrastructure, 5G home broadband will soon be a viable alternative to the traditional fixed broadband we are much more familiar with.

How does 5G broadband work?

5G broadband works much the same as 5G smartphones. 5G is the fifth generation technology standard for mobile networks, following on from its 3G and 4G predecessors. And where 3G technology ushered in the smartphone age and 4G has enabled faster browsing and richer media, 5G will transform how mobile phones and mobile broadband work.

5G works similarly to 4G, with 5G networks using the same airwaves as 4G to transmit information to and from mobile devices. However, unlike 4G channels which mostly run around 20 MHz, 5G channels can go up to 100 MHz with some networks using up to 800 MHz at a time.

This essentially means that 5G is exponentially faster than 4G. For example, 4G in the UK has average speeds of 20 Mbps, while 5G speeds in the UK could be up to 20 times faster at 400 Mbps, and have the potential to reach 20 Gbps in the time.

5G broadband works by incorporating this new technology into a mobile broadband Wi-Fi hub rather than a smartphone, connecting to devices via a Wi-Fi signal in the same way as standard fixed broadband routers.

It therefore effectively becomes a wireless alternative to the fixed line. broadband, which means you can access fantastic broadband speeds without the need for a wired connection at home – like a fiber optic cable or a copper phone line.

With 5G home broadband, your mobile devices don’t need to support 5G, just Wi-Fi.

Mobile broadband explained

Mobile broadband uses a router with a SIM card, rather than a router connected to a home fixed broadband line. The mobile broadband hub connects to a nearby mobile mast the same way your smartphone does. You can then connect your smartphones, tablets, smart TVs and any other device in your home to the router via Wi-Fi.

Some mobile broadband routers are also battery powered, which means you can effectively take your broadband connection with you wherever you go.

Can I use 5G for home internet?

If you live in an area with a 5G signal, you will be able to use 5G for your home internet. All you need to do is get yourself a 5G home broadband router. If you’re not yet in an area covered by 5G, you’ll need to wait for the technology to become available before choosing a 5G home broadband deal.

How do 5G routers work?

5G routers work much the same as a regular fixed broadband router, and for the most part, a 5G router will look the same as a regular broadband router.

However, some vendors also offer more sophisticated 5G hubs. Three, for example, will provide you with either the Huawei B535 WebBox wireless router or the Huawei AI Cube, which is a combined Wi-Fi hotspot and smart speaker.

While both 5G hubs need to be plugged into a power source, they obviously don’t need to be connected to a phone jack. So you are free to place your 5G hub where you think you need it most.

Configure a 5G home router

Most home broadband routers are very easy to set up these days; all you need to do is plug the router into the main Internet outlet as well as an electrical outlet.

When setting up a 5G home router, you will still need to plug it in, but you will also need to insert a SIM card that will allow it to connect to a mobile network. However, in some cases the SIM card will come preinstalled, meaning you’re ready to start browsing as soon as you plug in your router, turn it on, and log in.

It is important to think about the location of your 5G home router. For a standard router, you would want to keep it away from electronics, large furniture, and thick walls to help the Wi-Fi signal spread throughout your home.

For a 5G router, you’ll want to position it where it can get the best 5G signal. 5G isn’t as penetrating through obstacles as 4G, so it’s best to find the optimal area in your home. This may be different from your standard router, so it’s best to test a few different locations, like on a window sill or in an upstairs room. It’s also worth rotating your 5G router once it’s in position to see which angle picks up the best 5G signal.

If there is an app available from your 5G broadband service provider, it may be able to give you additional information about the location of your 5G router in order to get the best signal.

What are the 5G speeds in the UK?

How much 5G speed you’ll be able to achieve depends on a number of factors including your location and network provider. The main players in the 5G mobile space are Vodafone, EE and Three, which each cite their own range of expected speeds. Vodafone said customers can expect average 5G speeds of around 150-200Mbps and EE claimed a 5G speed range of 130-240Mbps.

Meanwhile, Three offers a 5G home broadband plan with speeds of 100 Mbps, but it has rights to more 5G spectrum –– and more contiguous 5G spectrum –– than any other network, so expect that. that this will increase much more in the years to come.

A report from Openignal in May 2020 showed the UK’s average 5G download speed to be 138.1 Mbps across all networks tested, which appears to be in line with what individual networks are predicting.

How fast is 5G in the UK?

There is clearly a lot of variation between networks and locations, but we’ve seen firsthand how fast 5G speeds in the UK can be.

Don’t know what your current speed is? Run our broadband speed test to see if you have faster speeds.

Which UK providers offer 5G broadband?

At this early stage, there is still very little adoption of 5G, but networks that offer 5G mobile services are also branching out to include 5G broadband offering.

Three 5G broadband

Among the major 5G vendors, Three is primarily focused on 5G broadband.

Three provides 5G broadband through its HomeFi Plus Wi-Fi router, which can connect up to 64 devices to its wireless network, or the Huawei AI Cube, which is a combined Wi-Fi hotspot and smart speaker.

You can sign up for 12-month and 24-month 3G 5G contracts or choose a rolling monthly plan that comes with setup fees, both of which are available with unlimited data plans.

Vodafone 5G broadband

Vodafone 5G broadband is provided by its GigaCube portable wireless router which can let you setup and connect to Wi-Fi within minutes. Vodafone 5G broadband contracts are 18-month or 30-day rolling contracts with a fixed data allowance.

EE 5G home broadband

EE 5G home broadband is available in some locations and is provided through its 5GEE home router. Average 5G speeds on EE are around 150Mbps, and setup is quick and easy without the need for a phone line or engineer.

Will 5G replace broadband?

5G broadband is about to be revolutionary, bringing incredible speeds to new places that are still struggling with ADSL broadband. 5G technology will also increase the capabilities of many devices currently limited by their ability to stay connected to a Wi-Fi signal.

However, it should be remembered that as 5G mobile broadband technology advances, so does fixed broadband technology. The deployment of all-fiber broadband networks is underway, increasing the accessibility of gigabit speeds to homes and businesses across the country. In fact, in many places, all-fiber broadband is easier and cheaper for local governments to install than a large network of 5G broadcast towers, especially in rural areas.

On top of that, Wi-Fi 6 –– the next generation of Wi-Fi based on current Wi-Fi 5 technology –– will be able to provide 40% faster Wi-Fi speeds for fixed broadband in the home. than currently. It will also be much more capable of handling multiple devices at once, which will have a significant impact on public Wi-Fi in places such as airports or entertainment venues.

Discover our best 5G broadband offers. If 5G isn’t available in your area but you still want faster broadband speeds, check out our best fiber broadband offers.

UK launch, awards, movies and TV shows Thu, 11 Mar 2021 05:24:28 +0000

NBCUniversal’s Peacock streaming service is the latest in a long list of platforms set to hit the market, but the big question is, when will Peacock be available in the UK?

What is the peacock?

In order to compete in a world where Netflix, Disney Plus and HBO Max dominate the market, NBCUniversal is the latest network to announce the launch of its own dedicated streaming service.

While some newer content creator streaming services have fairly limited offerings at launch –– like Apple TV + and Quibi –– Peacock will include content from multiple NBCUniversal channels. As one of America’s most popular major networks, NBC offers a wealth of exclusive content, as well as an extensive catalog of TV shows and movies, which will be available to subscribers from launch day.

What TV shows air on Peacock?

Like most streaming services, Peacock will host both original content as well as a library of classic TV shows and movies. Peacock’s original content will recruit household names like Mike Schur, Jada Pinkett Smith, and Jimmy Fallon, but will also feature spinoffs from The Real Housewives and SNL as well as reboots of classic shows like Battlestar Galactica, Saved By The Bell, MacGruber and Punky Brewster.

New Original TV Shows on Peacock

At launch, NBCUniversal’s Peacock offers a number of new scripted shows, including Brave New World, a dystopian series based on Aldous Huxley’s bestselling novel of the same name; Hatching Twitter, an anthology series on the infamous social media site; and The Adventure Zone, a family-based animated series that plays Dungeons and Dragons-style games together.

Classic TV Shows on Peacock

Most of the time, you might not be in the mood to watch a new show and would rather watch a classic NBC comedy instead. Here are some classic NBC shows you can stream on Peacock:

Parks and Recreation 30 Rock The Real Housewives Will & Grace Saturday Night Live Cheers House Escape to the Chateau Heroes The Affair Yellowstone

Prime productions on Peacock

A licensing agreement with ViacomCBS means Peacock will also include a number of Paramount movies and shows, including:

Ray Donovan The Affair Charmed Undercover Boss Everybody Hates Chris The Godfather Trilogy American Beauty Catch Me If You Can.

Does Friends on Peacock?

Unfortunately, Friends will not be available to stream on Peacock. While the hit ’90s show originally aired on NBC, it was produced by Warner Bros. TV. And since WarnerMedia has invested a significant amount in its own streaming service, you’ll need to sign up for HBO Max if you want to watch classic episodes like “The One Where No One Is Ready” or “The One Where Everyone Finds Out” yet. and even.

Is The Office US on Peacock?

NBCUniversal’s beloved remake of the classic BBC comedy series will eventually go exclusive to Peacock, but for now it’s still available in the UK on Amazon prime.

There is no official word from Amazon yet on when it will be retired. However, given that Netflix US recently announced that it will no longer stream The Office US from January 2021, it’s safe to assume that the same will be true for UK viewers using Prime.

When does Peacock launch?

NBC’s Peacock is already available in the US, but there is still no official UK launch date. Since Sky and NBC are both owned by parent company Comcast, NBC previously said Peacock will be available for Sky television customers in Europe at some point.

If Peacock is distributed by Sky in Europe, we can expect it to be available in the UK as well as Ireland, Germany, Austria, Italy, Spain and Switzerland.

No other region has yet been confirmed for Peacock, which includes Latin America, Asia and Oceania.

How much does Peacock cost?

One of the most unique features of NBCUniversal’s streaming service is that it launched with a free option. Subscribers to Peacock Free –– which will be ad-supported –– will be able to watch new seasons of television airing within a week of their airing, several classic television shows, movies and a number of exclusive new Peacock originals.

Peacock Premium costs $ 4.99 per month on a continuous subscription (which works out to around £ 3.80 at the time of writing) for an ad-supported version and $ 9.99 per month (around £ 7.60) for the ad-free version. Peacock Premium has the added benefit of next day access to ongoing seasons of returning shows as well as access to all Peacock Originals and a wider range of sporting events.

In the United States, Comcast and Cox cable TV subscribers get Peacock Premium at no additional cost, suggesting that a similar option could eventually be offered to Sky TV subscribers.

Compare the latest TV deals with Uswitch.

Fortnite removed from the iOS app store Thu, 11 Mar 2021 05:24:28 +0000

Fortnite, one of the most popular games in the world with over 350 million players worldwide, was suddenly pulled from Apple’s App Store following a payment dispute.

Apple took issue with Epic Games, the developer of Fortnite, and a new feature it introduced to the game.

Fortnite has started offering its players discounts on in-app purchases if they make direct payments, bypassing a transaction through the App Store, eliminating Apple’s commission fees.

Do you like Fortnite? Check out our list of the best mobile games of all time

Apple makes a lot of money through its App Store, charging developers between 15-30% for in-app purchases or downloads made in apps and games. These conditions are described in the general conditions of the App Store.

In a statement to The Verge, Apple said, “Today, Epic Games took the unfortunate step of violating the App Store guidelines that apply equally to every developer and designed to keep the store secure for our users. As a result, their Fortnite app has been removed from the store. Epic activated a feature in their app that was not reviewed or approved by Apple, and they did so with the express intention of violating the App Store guidelines for in-app payments that apply to each. developer who sells digital goods or services.

Epic Games has responded aggressively to the removal of Fortnite from the App Store. The developer filed a lawsuit against Apple, posted a “protest video” and launched a #FreeFortnite campaign.

In its own statement in response to Apple’s decision, Epic Games said, “Apple has blocked Fortnite from the App Store, removing the ability for everyone to install and update the game on iOS devices. , while asking Epic to “remove the” Epic direct payment “feature. “. Apple is keeping the prices high so they can collect 30% of your payments, and blocking Fortnite to prevent Epic from passing on the savings from direct payments to you! Join the fight against @AppStore on social media with #FreeFortnite.”

The Epic Games lawsuit claims the App Store is a monopoly, and it accused Apple of “seeking to control markets, block competition and stifle innovation.”

Currently, anyone who has downloaded Fortnite on an Apple device can run the game normally, but what that means for future updates remains to be seen.

Apple has said it will “do everything it can to work with Epic.”

Epic Games also implemented the controversial new payment system in the Android version of Fortnite, and Google followed Apple’s lead and removed the game from its Play Store. However, while iOS users are strictly limited to only using apps downloaded from the official App Store, Android users can also download apps from web browsers and in this case can continue. download Fortnite via Epic Games’ own application launcher.

Can a person with bad credit be a surety? Thu, 11 Mar 2021 05:24:28 +0000
business save money 2020
(© Orawan –

For loans and mortgages, they are a way to help anyone make money because they don’t get approval from borrowers – someone with a bad credit history. Both the creditor and the guarantor have risks involved, so you need to enter into a deal that is equipped with all the truth.

While you don’t need perfect credit, if your collateral is a homeowner, you need decent or reasonable credit. If you don’t have a guarantor, you will need a good loan. Bad credit guarantors are not good options for securing a loan. The guarantor is the cornerstone of a buddy loan. In the past, a creditor could have bad credit or no credit, but the investor is a big borrower and needs good credit.

If you are an effective guarantor, you will ensure the repayment of the loan. You are required to pay it if the borrower cannot pay it as a guarantor. It is therefore not necessary to make the choice to become a guarantor lightly. Ultimately, if the creditor is unable to collect the loan, you will have the credit rating and more. That’s why it’s important to simply be a guarantor for someone you really trust to repay the loan.

What does it mean to be a guarantor?

Being a guarantor is helping another person get loans, such as a loan or a lease. They act as a guarantor by agreeing to repay the debt because they cannot afford to “surety” someone else’s loan or mortgage. It is safe to decide to only be a surety with someone you know. Many parents are guardians of their babies, helping them climb the ladder for the first time.

Could someone be a guarantor?

Almost anyone could be a guarantor. This is often a father, mom, girlfriend, dad, aunt, uncle, parent or even grandparent, to condition of having separate accounts. However, only someone you trust can promise you and is willing and able to pay compensation.

You must have a good credit history and financial stability to become a secured citizen over the age of 21. If you are an owner, the report will be valid. You should be aware of the possible financial risks, whether you are considering asking someone to stand surety or if a family member or friend in need has approached you.

Why would anyone want me to be a guarantor?

This is most likely one of the following reasons: You are a borrower with no credit history (eg young or new to the country). You have just started a new job. They are low paid. You have a low level of identification. Regardless of why you need to be close enough to the person to openly discuss your finances. Until you agree to become a guarantor, you will ask yourself the question: “Why do they need me to be their guarantor?” And if so, will they take care of the refunds?

Were they guilty?

Are they looking for a loan? (Is it really something they need or can they save it instead?) If not, will you be able to repay the loan?

Should your partnership be secured by their refunds?

You must guarantee the occupant of a rental property. When the occupant is unable to fulfill the obligations under the rental agreement, you (the guarantor) must legitimately pay, either for unpaid maintenance or for losses.

Does it cost me money to be a guarantor? If so, what other things will I lose?

You can be a surety if the creditor cannot maintain their repayments because you will have to compensate them instead. You could risk having your home repossessed if you are unable to get the refund.

Do I have to be a guarantor for the entire term of his mortgage?

During the entire term of the mortgage (eg 30 years), you do not necessarily have to remain a guarantor. Once the creditor has created sufficient inventory, most transactions require you to delay and withdraw as a guarantor.

Should I avoid being a loan guarantor?

You cannot get out of being a guarantor once you have accepted and the loan has been taken out. The investor will not take you out of the deal because accepting the loan has affected your credit history, employment status, and other pressures.

Could I be a bad credit guarantor?

Providers with bad credit history are unlikely to be approved by borrowers. Therefore, if you have a low credit rating, you may not be able to act as a guarantor.

Will this have an impact on my credit rating as a guarantor?

The creditor will not be harmed if he respects his repayments. And, if the loan / mortgage is not charged and the borrower fails, the credit report will be included.

Will it affect me to receive a mortgage as a guarantor?

Helping a family member or close friend protect their loans will affect future mortgage applications. Because as a guarantor you may be required to pay your friend / family member’s debt, this form of loan may have a negative effect on the extent of the debt accumulated under the supply, including the debt. household lender debt. You might find that he stops getting a new mortgage.

What is an insurance inspection?

Before accepting the guarantor loan, borrowers perform a number of checks to decide whether the loan is repayable by the applicant or the guarantor. Loan reviews examine the credit history and display the credit score, giving the borrower an overview of the amount of other types of credit and loans that have been repaid in the past. As already indicated, a guarantor with a good credit rating will thus give legitimacy to your request. If someone asks you to be a guarantor, it’s a good idea to encourage them to look at offers from various investors and make sure they get a good deal. Review Mortgage Interest and Equity Insurance – Also Be sure to Compare Loans You Can Check Out fast cash loan singapore if you want to be sure it won’t cost you more than what you might get if you end up paying the refunds.

T-Mobile launches Global Plus add-on on November 9, leaked document shows Thu, 11 Mar 2021 05:24:28 +0000

T-Mobile will soon be rolling out a new add-on for customers who take a lot of international travel.

T-Mobile will launch a Global Plus add-on tomorrow, November 9, according to internal documents shared with TmoNews. The price will be set at $ 50 and Global Plus will be available to customers with a T-Mobile One plan.

With Global Plus, customers get unlimited high-speed data while roaming a simple global country and 5 GB of use of broadband tethering in Simple Global countries. Also included are unlimited calls from Simple Global to Simple Global at $ 0.00 per minute and unlimited messaging. There are also unlimited international calling and texting within the United States, which normally cost $ 15 per month and include unlimited calling from the United States, Mexico, and Canada to mobile numbers in over 30 countries and lines. landlines in over 70 countries as well as unlimited SMS in any country in the world where SMS is available.


Finally, the leaked document states that Global Plus includes all the features of the T-Mobile One Plus International add-on, which was retired earlier this year. This add-on included features such as unlimited use of 4G LTE in Mexico and Canada, unlimited 4G LTE mobile hotspot, HD video streaming, unlimited in-flight Wi-Fi, voicemail to text and the name identifier.

This Global Plus add-on is only available for T-Mobile One voice plans. According to the leaked document, commercial, government, non-credit check and prepaid accounts are not eligible. It should also be noted that Global Plus is not intended as an add / remove function and must be in place for the entire billing cycle.

While the Global Plus add-on might not be cheap, it looks like it can be a valuable asset for T-Mobile customers who travel a lot to Simple Global’s countries. Normally Simple Global only offers unlimited 2G data, and adding T-Mobile One Plus for $ 15 only gets you up to 256kbps speeds, but Global Plus will provide you with high-speed data for help you get things done faster. As a reminder, Simple Global brings together more than 210 countries and destinations around the world. You can find the full list of Simple Global countries here.

Thank you, anonymous!

]]> T-Mobile polishes JUMP! On request to include the deposit on phones over $ 900 for some customers Thu, 11 Mar 2021 05:24:28 +0000

UPDATE: T-Mobile confirmed the change to me and made the following statement: “With superphones getting more expensive, the high price may require a down payment. We still have a lot of great options if customers are more interested in the $ 0 down payment price. “

ORIGINAL: Heads up, JUMP! On demand customers because T-Mobile recently implemented a policy change that you should be aware of.

As of October 23, T-Mobile has changed the initial cost for some JOD customers. Documents shared with TmoNews show that customers who do not qualify for credit for devices costing $ 900 or more will be required to make a down payment.


The document shows that some customers will still be able to pay $ 0 upfront for those devices over $ 900. These are customers upgraded to JOD who belong to credit classes A, B, W or 4 and who have more than 3 years of seniority, as well as those in credit class J with any seniority.

Two examples of phones that cost over $ 900 include the iPhone X and the Samsung Galaxy Note 8. Reddit user Davidjill. reports that they were asked to pay $ 230 up front when they tried to switch from a Galaxy S8 to a Galaxy Note 8.

I reached out to T-Mobile for a statement regarding this change, but did not receive a response until the post. If I have any news I will be sure to update this post.

Thanks, sources!

]]> Unsung Heroes of Apple Inc. (AAPL). Where are they now? Thu, 11 Mar 2021 05:24:28 +0000

Apple Inc. owes a much to Steve Jobs like he’s been the driving force that helped Apple establish itself as one of the world’s most valuable technology companies. He did seek help from others, however, whose talent helped him build Apple. Unfortunately, most of them did not get the recognition they deserved and were forgotten.

Scott assigned numbers to each Apple employee

A report from Business Insider has been trying to find out what they’re doing these days. BI approached Michael Scott, Apple’s first CEO. He helped gain insight into the early days of the business while Steve Wozniak helped compile a list of early employees based on what he remembered. Another early bird helped BI get the full list.

Employees have been given numbers, but they are not in the order in which they joined the company. In order to make things easier for the payroll department, Scott had to assign numbers to each employee when they came to Apple.

Gary Martin (# 10) was in charge of the accounting. He worked with Apple Inc. until 1983, then joined Starstruck, a company that worked on space travel. Next in the list is Sherry Livingston (# 9), who was Apple’s first secretary. She was a big help from the CEO. Scott, who hired her, said that when Apple started out, she did all the work for the company.

Next is Chris Espinosa (No.8), who joined Apple at the age of 14 as a part-time job while in high school. He still works with Apple and is the oldest employee at this point. Scott was the first CEO and he assigned himself number 7 in reference to James Bond 007. He was popularly known as Scotty, and picked all the numbers for the employees and organized the company.

Next in the list is Randy Wigginton, whose main job was to rewrite BASIC to work for the Apple II, Scott said – in an interview with BI. He worked with several leading companies after leaving Apple, such as Chegg, Google, Square, and eBay, among others.

Job is not number one

Employee number. 5 was Red Holt, who was a highly regarded designer and played an important role in the development of the Apple II. He helped develop the power supply for it. He spent six years with the iPhone maker, after which new management took him out of the company.

Bill Fernandez was hired as the first employee by Jobs and Wozniak. He worked with Apple Inc. until 1993, then changed jobs to work with Ingres, a database company. Currently he is working with Omnibiotics as CEO. Employee number. 3 is Mike Markkula, who invested $ 25,000 in Apple and took 30% of the company in return. He carried out activities such as running the company, hired the first CEO and developed a business plan.

Scott gave Jobs number 2. When asked why not. 1, he says “I didn’t give it to Jobs because I thought it would be too much.” Steve Wozniak, employee n ° 1, was the technical expert.

Investments and taxation – Tax brackets and tax rules Thu, 11 Mar 2021 05:24:28 +0000

Read on to learn more about investments and the amount of tax you may have to pay.

Is my investment taxable?

Most of us are used to paying income tax on our employment income. But you may also have to pay tax on any earnings or investment income, depending on how you receive it and how much you have earned. The amount of investment tax you pay also depends on your overall income from wages and other sources.

What type of tax do I have to pay on my investments?

There are two main types of taxes that you may have to pay on your investments.

Income tax The first is income tax, and this includes tax on interest earned on savings and any money received from stock dividends.

Capital gains tax The second type of tax is called capital gains tax, and you may be required to pay it when you just sell an asset. In other words, investments made for capital growth have tax implications because these gains (also called profits) may be subject to capital gains tax (CGT).

Do I have to pay the same tax rate on all of my investments?

Not all investment income is taxed at the same rate; there are specific rules, duties, and tax breaks that you should be aware of if you are considering investing.

There are also a number of investment options that are tax-free, providing a tax-efficient way to invest.

Here is a list of taxable investment income:

When do I have to pay tax on my investment income?

There are a number of tax-free allowances to which every adult in the UK is entitled.

These allowances were put in place by the government to encourage people to save and invest. A number of these allowances have been introduced in recent years. These are the personal savings allowance and the dividend allowance. Both are affected by the amount of income tax you are required to pay and the tax bracket in which you fall.

Tax brackets and income tax brackets explained

How does my investment income affect my tax rate?

You are allowed to earn a certain amount of money tax-free, called your tax allowance. Beyond this threshold, you will start paying taxes. In the 2020-2021 tax year, the tax-free allowance for each adult is £ 12,500.

Income tax rate

  • You pay 20% basic tax on any income between your personal allowance and £ 50,000

  • You pay a 40% higher tax rate on any income over £ 50,001

  • You pay 45% additional tax on any income over £ 150,000

Income tax is progressive, the higher your income, the more taxes you pay.

If an investment gives you income rather than capital growth (this is any increase in the original amount you invested, after fees, charges, and amortization), then the income tax rules apply. apply.

Thus, the withdrawal of your pension (through an annuity or other similar product) will be taxed at your income tax rate. Rental income from the rental of “residential” property – the profit from your rental property after qualifying deductions – will also be taxed in this way.

What is the personal savings allowance?

The Personal Savings Allowance (PSA) is the amount of money you can earn in interest on savings accounts, before you have to pay taxes on them. In the 2020-2021 tax year, this allowance is £ 1,000 if you are a base rate taxpayer.

In other words, you can earn up to £ 1,000 on your savings before you have to pay taxes. For most people, this is a pretty large allowance because interest rates are currently low and the amount of interest paid by banks and building societies is low.

For higher rate taxpayers the allowance drops to just £ 500 per year, and for people paying an additional tax rate the PSA drops to zero.

What is the dividend allowance?

The dividend allowance is the amount of dividends you can earn on stocks and shares in a tax year before you have to pay additional tax. In the 2020 to 2021 tax year, the dividend allowance for each adult person is £ 2,000.

What is a dividend and how is it taxed?

A dividend is a portion of the company’s profits that goes to shareholders – the dividend is calculated per share, so the more shares you own, the more money you get.

Dividends are subject to income tax if you earn more than £ 2,000 in dividends in a single fiscal year. If your dividend income exceeds the annual dividend allowance, you pay tax at the following rates on any income above this threshold:

  • If you are a base rate taxpayer, you pay 7.5% tax

  • If you are a higher rate taxpayer, you pay 32.5% tax

  • If you are an additional rate taxpayer, you pay 38.1% tax

An exception to these tax rules is any income from savings or dividends generated in an Individual Savings Account (ISA). This includes ISAs that were previously PEPs under the old rules. All income, dividends, and gains made within an ISA are tax exempt, making it an ideal savings vehicle if you want to lower your potential tax bill.

What is the capital gains tax allowance and how much is it worth?

When you sell an asset – a property, stocks, or other valuable item – and make a profit from it, you are said to have realized a capital gain. When you earn more than a certain level, you may have to pay taxes on those profits.

The capital gains tax abatement is the amount of profit that you are allowed to make in a single tax year without having to pay tax. The Capital Gains Tax Abatement (CGT) for the 2020 to 2021 tax year is £ 12,300.

How is capital gains tax (CGT) invoiced?

If you have an asset for more money than you bought it, you are said to have made a capital gain or, in more colloquial terms, a profit.

There are a number of assets that are not subject to capital gains tax. For example, you pay no CGT when you sell your primary residence, regardless of the profit you make. Capital gains tax may apply to the sale of property / assets purchased as an investment and to the disposal of certain stocks and shares.

If you sold certain stocks at a loss during the tax year, you can offset this loss against any gains you may have made.

How is investment tax paid?

How you pay tax on your investment income depends on your tax bracket and the type of investment in question.

In the case of capital gains tax, this is only payable after your tax return has been submitted and your tax liability has been calculated by your tax advisor or HM Revenue & Customs ( HMRC).

It is important to plan your tax bill when you receive money from your investments.

Children’s savings and taxation

Children also receive a personal savings allowance of £ 1,000 per tax year.

If the investments are held in a Child Trust Fund (CTF) or Junior ISA (JISA) then there is no additional tax to pay. Like regular adult ISAs, all investments and savings within a Junior ISA or Child Trust Fund grow without income tax or capital gains tax.

How will the tax affect the return on your investment?

When deciding where to invest your money, you should take into account the tax implications of each product, depending on your personal situation, in order to make a true judgment on the returns you are likely to generate.

Tax levels are reviewed annually. You can view the most recent tax information from HM Revenue & Customs or speak to a qualified tax advisor.

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Latvia joins eurozone as euro turns 15th – Thu, 11 Mar 2021 05:24:28 +0000

Latvia joined the euro zone yesterday (January 1), capitalizing on its experience of austerity to bring it prosperity in a monetary union where other economies have floundered. The Baltic country of 2 million people adopted the EU’s common currency on the 15th anniversary of the launch of the euro.

The Baltic country of just 2 million people became the 18th member of the bloc at midnight (2200 GMT), one step further out of the shadows of neighboring Russia a decade after joining the European Union and the NATO.

Latvian Acting Prime Minister Valdis Dombrovskis, who led his country through its worst economic crisis since leaving the former Soviet Union in the early 1990s, said the adoption of the euro was an opportunity, but not a guarantee of wealth, and that the country should not relax its fiscal policies.

“This is no excuse for not conducting a responsible fiscal and macroeconomic policy,” he said after withdrawing the first euro banknote after midnight from an ATM in Riga.

The changeover ceremony took place at the site where the Latvian crisis began – the former headquarters of the collapsed Parex bank, now the headquarters of the state bank Citatele, which emerged from the ruins of Parex .

Parex, the country’s second-largest bank in terms of assets, went bankrupt in late 2008, forcing the Baltic state to seek an international bailout to keep its currency, the lat, pegged to the euro at the same rate.

Its economy shrank by a quarter between 2008 and 2010, but then grew at the fastest pace in the EU, growing 5.6% in 2012, after the government cut spending and wages and raised taxes in one of Europe’s toughest austerity programs.

Latvia’s efforts have been praised by EU policymakers, who have repeatedly cited the Baltic state as an example that austerity can work.

“Thanks to these efforts … Latvia will enter the euro zone stronger than ever, sending an encouraging message to other countries experiencing difficult economic adjustment,” European Commission President José Manuel Barroso said on 31 December.

However, some concerns remain. The European Central Bank has warned Latvia that the high level of foreign deposits, mainly from Russia, in Latvian banks, such as in Cyprus, is a risk factor.

Latvia is also entering the eurozone without a permanent government after Dombrovskis resigned in December, taking political responsibility for the collapse of a supermarket in Riga that left 54 ​​people dead.

Latvia enters the euro zone as the single currency bloc marks its 15th anniversary (see context), and the euro is now used by 333 million Europeans.

Despite this, neighboring Lithuania is the only EU country left to show much enthusiasm for euro admission after the temptations and tensions of sharing a currency forced Greece, Ireland. , Portugal, Spain and Cyprus to seek international bailouts for their public finances or their banks.

Estonia joined the euro area in 2011, and Lithuania intends to do so in 2015.

Among the ex-communist EU countries that have yet to adopt the euro, Croatia is stuck in recession as major economies such as Poland, the Czech Republic and Hungary have become reluctant to do so. regard to monetary union.

Latvia, which is becoming the euro area’s fourth-smallest economy after Malta, Estonia and Cyprus, expects the euro to lower its borrowing costs and encourage investors by eliminating currency risk.

Both Standard & Poor’s and Fitch raised the country’s credit ratings in anticipation of its entry into the euro.

But opinion polls show ordinary Latvians are divided on the merits of the euro, with many fearing its adoption will be an excuse to raise prices.

“In all the other countries that had switched to the euro, prices have gone up. Most likely, they will go up here too, which is bad,” said Oleg Bachurin, 62, retired.

Latvia’s central bank expects entry into the euro area to push consumer prices up 0.2 to 0.3 percentage points in 2014, raising inflation to 2%.

“I’m not worried (about adopting the euro). I think it’s progress. We don’t have to look back, we have to move forward,” said Anita Linde, 57 years old, a shopkeeper.

President of the Commission José Manuel Barroso mentionned:

“I am delighted to welcome Latvia as the eighteenth member of the euro area. This is a major event, not only for Latvia, but for the euro area itself, which remains stable, attractive and open to new members. For Latvia, this is the result of impressive efforts and the unwavering determination of the Latvian authorities and people. Thanks to these efforts, undertaken in the aftermath of a deep economic crisis, Latvia will enter the euro zone stronger than ever, sending an encouraging message to other countries struggling with economic adjustment. On behalf of the European Commission and myself, I extend my sincere congratulations to Latvia and my best wishes for the future.

Olli Rehn, vice-president of the European Commission responsible for economic and monetary affairs and the euro, said:

I warmly welcome Latvia to the euro. Your efforts have borne fruit and your country’s strong economic recovery offers a clear message of encouragement to other European countries facing difficult economic adjustment. Euro membership marks the completion of Latvia’s journey to the political and economic heart of our continent, and it is something we all need to celebrate.

The euro was created by the provisions of the Maastricht Treaty of 1992. The name euro was officially adopted on December 16, 1995. The euro was introduced to world financial markets as an accounting currency on January 1, 1999, replacing the old European monetary unit (ECU). Euro banknotes and coins entered into circulation on January 1, 2002.

With Latvia’s accession to the euro area, since January 1, 2014, eighteen Member States and 333 million Europeans will share the same currency.

Of the 10 countries that joined the EU in 2004, Slovenia was the first to adopt the euro in 2007, followed by Cyprus and Malta in 2008, Slovakia in 2009 and Estonia in 2011.

Nexamp celebrates new headquarters in downtown Boston Thu, 11 Mar 2021 05:24:28 +0000

Nexamp celebrates its new state-of-the-art headquarters in downtown Boston. The new location at 101 Summer Street offers a number of advantages to the business, including improved access to a highly skilled workforce and proximity to the innovation shaping the new energy economy in the North East. and across the country. Nexamp marked this milestone with an open house gala on Monday, February 4, which brought together business leaders, elected officials, partners and valued customers.

Featuring an open floor plan and a variety of collaborative spaces on both floors, the new 22,000 square foot office is designed to foster creativity and teamwork among the workforce. expanding work. The company now employs over 125 team members and plans to add many more in the coming year.

“Location was a very important consideration for us as we weighed our options,” said Nexamp CEO Zaid Ashai. “We’re close to metro and commuter train stations, we’re in a vibrant commercial and commercial area, and we’re surrounded by some of the country’s largest innovation companies. Our new office makes it easier to recruit a diverse selection of the right talent, providing a productive environment for career growth and development. “

Founded in 2007 by two military veterans determined to reduce the country’s dependence on fossil fuels, Nexamp has a growing portfolio of solar power generation capabilities across the country. The company manages the entire life cycle of the solar project, from development, design and construction to financing, operation and maintenance. Nexamp’s innovative community solar program features large-scale solar panels that make solar energy accessible to everyone, from homeowners and tenants to small businesses and nonprofits, with nothing to install, no credit checks or long-term contract, and no upfront costs.

In her remarks at the event, Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA), said: “Nexamp is a prime example of how companies in the energy market solar energy and storage are becoming more diverse and better able to bring clean energy to all consumers, regardless of their location, income or knowledge of solar energy. This is an important element to ensure the leadership role of solar energy in the future of our country focused on renewable energies. Nexamp’s growing workforce and its new head office are an asset to our common industry.

The new head office joins Nexamp’s other offices in Haverhill, Massachusetts; New York City; Chicago; Washington DC; Providence, Rhode Island and San Diego. Serving a rapidly expanding network of individuals, homeowners, businesses and communities who benefit from its nationally distributed portfolio of solar assets, Nexamp is laying the groundwork for a cleaner energy future, safer and more resilient.

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