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Wealth Management

BREXIT-BEATING PROPERTY INVESTMENT TIPS FROM SURRENDEN INVEST

  • Opt for regional city centre locations where pockets of demand are highest
  • Medium to long-term vision is key
  • Focus on areas where rents and property values are rising fastest
According to Knight Frank, the Brexit-related uncertainty that the UK is currently experiencing is leading to a ‘wait and see’ effect in some parts of the country’s property market. However, given the UK’s chronic undersupply of rental apartments and the fact that rents are rising steadily (the average increase was 1.0% in the year to January 2019), many residential property investors want to act now rather than wait and see what happens with the ongoing political saga. As such, specialist property investment agency Surrenden Invest has shared its Brexit-beating property investment tips, for those who want to make their money work for them sooner rather than later.
“The extension to Article 50 is just the latest twist in the ongoing Brexit uncertainty. We’re finding that many investors are tired of waiting to see how it all settles. After all, the current wrangling is only over the withdrawal agreement – there’s still an incredible amount to actually sort out once the 29 March/12 April/22 May deadline has passed. As such, we are working with investors to find Brexit-beating property investment opportunities right now, not in some distant future when the political upheaval has finally settled.”
 
Jonathan Stephens, MD, Surrenden Invest
Surrenden Invest’s first tip is to focus on existing pockets of demand. City centre living has come back into fashion with a vengeance, meaning that stylish homes with attractive amenities can generate excellent yields when located in the right areas. As JLL observes in its 2019 Northern England Residential Forecasts, “Manchester, Leeds and Liverpool have all seen significant supply shortfalls in the face of an increase in demand from people wanting to live in the core city centres.”
For investors, this provides an opportunity to identify key city centre hotspots. In Manchester, for example, the chic, contemporary Ancoats Gardens apartment building is located just 300m from the vast NOMA site, which is the largest development project in North-West England, costing a cool £800 million. For investors with a medium to long-term outlook, it’s the ideal location to purchase an apartment that will enjoy strong and sustained demand from tenants.
This focus on the medium to long-term is Surrenden Invest’s second Brexit-beating investment tip. The company cites its No. 76 Holloway Head development in Birmingham as the ultimate example of this.
“If you look at No. 76, it has everything that’s needed for a superb medium to long-term investment. The location couldn’t be better, with the Mailbox, Bullring, Grand Central and New Street Station all within two minutes’ walk – this is the ultimate spot for Birmingham inner city living. But it’s about more than just location. The whole area around No. 76 is undergoing massive redevelopment. It’s about having the vision to look past the cranes and see what the future holds – and how much tenants will want to be at the heart of that future.”
 
Jonathan Stephens, MD, Surrenden Invest
Finally, Surrenden Invest is encouraging investors who want to beat Brexit to look at areas where both rents and property prices are rising fastest – essentially, a select group of the UK’s regional cities. Birmingham, Manchester, Liverpool and Newcastle all have the right credentials, according to the Surrenden Invest team, meaning that investors who focus their attention on the best-placed developments look well positioned to beat the continuing Brexit uncertainty.

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Wealth Management

HOW SALARY SLIPS HELP YOU UNDERSTAND TAX DEDUCTIONS ON YOUR SALARY

A salary slip is defined as a document that is provided by your employer which contains the breakdown of your earnings, deductions, and other variables. Your monthly payslip will have the amount that is being paid to you and the deductions that will be made. This document is generated on a monthly basis, the employer hands over to you either over mail or a physical copy.

 

Importance of understanding the salary slip

As it is the legal proof your employer will give you acting as proof of your employability, it will help one understand the components and the salary associated with their position of responsibility. It helps you to fill your income tax returns, applying for loans, etc.

  • Exploring opportunities: Your salary slip will play a pivotal role in having a raise or switching from one company to another, it acts as a negotiating factor between you and the employer.
  • Tax Calculation: There are different tax treatments for different components in your salary slip. Knowing about these components will help you in encashing various benefits available for tax deductions, we will see in detail the various components of salary slip and how to avail the tax benefits from them.

 

Components of salary slip

The salary slip is generated every month, but do you really understand the format and the components associated with it? You need to learn about salary slip and then understand the terminologies and different variables that are included in your salary slip.  Let’s not worry we will structurally break down the components and try to understand everything:

 

The deduction side

The professional tax, employee provident fund (EPF), tax deduction at sources (TDS) are the major components:

1. Professional tax: This is a small amount taxed by the state government by the earning professionals. The majority of the Indian states tax this amount to the individuals not only for the professionals but for individuals who earn a living. This deduction of the amount is from the taxable income. This amount is a very small amount, generally in a few hundred, which is majorly dependent on the gross tax slab of the individual.

2. Tax deducted at source (TDS): An amount the income tax department charges and is deduced by the employer. It has a similar criterion like professional tax, which is dependent on the gross tax slab of an employee. If you have invested in schemes like tax-saving FD, PPF, ELSS, NPS can reduce the amount paid to the tax department. As this comes under the 80C section of the Indian income tax, this increases your take-home salary. You can also invest in the mutual funds and submit the proof to your employer, further claiming the TDS returns.

3. Employee Provident Fund (EPF): This qualifies under section 80C of the Income Tax Act, this EPF goes to the contribution of an employee to the provident fund. This fund basically accumulates the amount for your retirement period. 12 percent of the basic salary of the employee goes to the EPF, the employer also makes a similar contribution towards the employee for their retirement. This whole process is governed and managed by the Employees’ Provident Fund Organisation.

 

The earning side:

1. Basic: This is the fixed component of your salary as the name suggests. This is usually the largest component of your salary. The fixed or basic salary defines your HRA furthermore, your PF is deducted as a percentage of your basic salary. The basics tend to be higher at the junior level. The salary in hand is 100 percent taxable to the employee.

2. House Rent Allowance: This allowance is for the individuals who live in rental houses or apartments. There is a partial or full exemption from taxes depending on the rental expenditure of the individual. If you do have HRA but you do not live on a rental basis then this component is fully taxable.

3. Conveyance Allowance: The amount of travel to and from the workplace by the employer to the employee. This allowance is generally exempt from tax until a limit so one can save on tax on this allowance. This appears on the earning side of the payslip.

4. Medical Allowance: For the medical expenses during the time of employment at a company, the employer provides an amount for the medical expenses for the employee. This amount is only received by the employee post presenting the medical bills to the employer as a proof. If the employee fails to provide the necessary certificates and bills, this amount shall be fully taxed. On the other hand, if the employee provides the proof of documentation the allowance is up to Rs. 15,000 that will be exempted from the tax.

5. Special Allowances: These allowances are performance-based allowances, they are generally given to the employees to derive motivation and better work. They are subject to companies and may be variable. These allowances are 100 percent taxable.

It’s most important to understand the salary slip for an individual, as it acts as a proof, credible source, helps in the background check, and many more cases. It also gives the growth trajectory of the individual for other employers. Salary also gives you the opportunity to get various loans, credit cards, and other borrowings.

 

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Wealth Management

DIFFERENCE BETWEEN BITCOIN AND LITEBITCOIN

When you get closer to the world of cryptocurrencies, it is not uncommon to confuse reference assets due to the similarity of their names and the fact that very often the source codes are the same.

Well, one of the most common cases is the one that contrasts Bitcoin e Litebitcoin. Although part of the name of the virtual currency is the same, they are two different assets that it is advisable to consider separately understanding the main differences, de.cfds-trader.com is best option for trading.

 

How Bitcoin is used?

Bitcoin is the most famous crypto valuates in the world and is probably also a virtual currency that needs less introduction. Bitcoin is, in fact, the system that has piqued the public and financial opinion in these assets, and is still the most capitalized and traded virtual Currency in the world.

 

How to use Litebitcoin?

This, of course, is less well known, instead Litebitcoin, A newly introduced cryptocurrencies in the panorama of the encrypted virtual currencies, and is the result of the evolution of the same code, the Bitcoin, from which it takes its name in part.

The purpose of this fork was to enable the presence of the blockchain so that it could guarantee a higher speed and stability of the cryptographic system compared to what was already in bitcoin.

 

Differences

By this point, you should have already understood the differences between the two assets, and Bitcoin e Litebitcoin is two different and different currencies, and, as a rule.

The differences didn’t end here. Suffice it to recall that Bitcoin is significantly more traded and capitalized than its counterpart, and how to invest in Bitcoin is much easier thanks to the large number of brokers who have this asset on their platforms. Shortly speaking, capitalization The market capitalization of Bitcoin exceeds 250 billion dollars due to dynamic expansion, especially during this year. On the other hand, the capitalization of Lithuanian bitcoins is much more restrained. Today their capitalization is about 35 thousand dollars price, the price of bitcoin today exceeds 15 thousand dollars instead, the unit of bitcoins is 0.011148 dollars, or 0.00000074 if you prefer bitcoins, Currency in circulation The circulating bitcoins in circulation are a little over a million 3 versus a Bitcoin supply of almost a million 17, total supply As you know, most of the bitcoins have already been extracted. The remainder will be gradually available until you reach a total of 21 million bitcoins. In this sense, the scaling of Lithuanian bitcoins has just begun, given that the 3 million available units represent a small fraction of the more than 161 million bits envisioned by the project.

 

What is the fundamental difference between bitcoin, gold and oil?

Bitcoin, oil and gold have experienced significant price fluctuations for their long-term or short-term history. There are, however, fundamental differences, especially if we look at what happens to their availability when a price change occurs.

 

Oil

Any significant rises in the price of oil lead to an immediate reaction from the producers of this commodity. The higher price of the product they supply prompts them to invest more in the infrastructure to mine this black gold. On the charts, you can see how the price fell when oil production exceeded demand. Since the mining companies did not expect to produce as much oil in this situation, the volume of production decreased accordingly. At another stage, demand increased again, and companies could start mining at higher speeds.

 

Gold

The same goes for gold. As soon as its price rises, companies react accordingly by increasing the production of this metal. When the price of gold fell, its production also stabilized.

 

Bitcoin

However, in the case of bitcoin, he can see the opposite of the commodities as mentioned above. In last year, when the block mining rewards were significantly higher than today, he saw significantly lower prices for 1 BTC. Subsequently, as the price of Bitcoin rose, miners’ rewards decreased.

Thus, there is no cyclical relationship between supply and demand, as is the case with oil and gold. This course has to do with the very nature of this cryptocurrency. Mining fees are halved for every 210,000 blocks.

 

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