The secure and tax friendly annuity of ASX-listed Challenger Ltd is becoming very popular, among the retirees. The sales of the annuity business of Challenger have increased 31% from the last quarter. The sales amount of this September quarter is about $732 million. Continue reading
The adverse effects of the London Whale trading Scandal
It has been accepted by JP Morgan that the London whale trading scandal really had a scheming effect on markets, as part of a $100m completion with Commodity Futures Trading Commission. One of the biggest investment banks of America will pay out nearly $920m in fines to both the regulators of UK and US over different risk trades that went wrong in the year 2011 as well as put a $6.2bn hole in its balance sheet. JP Morgan got an immense help from the mounting legal bill to a loss in the third quarter. Continue reading
Owning a house of your own is the dream of every American family. If recent reports are to be believed, buying a house is only going to get more difficult. With the housing inventory becoming extremely tight in most cities, even finding a decent house has become a daunting task. If you want to buy a home in your desired location, waiting and watching will not help you any longer. Here, we will look at some unusual tactics you can follow to make your dream come true. Continue reading
Most of the people who move into care homes do not think about the care home fee before it is too late. Are these fees negotiable? If you are looking for a private residential home move or nursing home care, both are negotiable. But if the place you are looking for has a high demand or a long waiting list, negotiation is not possible. Continue reading
What will be everyone’s dream retirement? A good bank balance, handful social security benefits and a stress free life are some of the dreams which you want, after retirement. If one retires at 63, will it affect the social security benefits for not working for three years? Continue reading
The U.S. Consumer Financial Protection Bureau stated in its annual report, the problems faced by the private student loan borrowers. The private student loan debt has risen to $165 billion in July. The federal student loan market has too large a share of student loan than that of the private sector. Out of $1.2 trillion student debt loan, the private loan market share is just $0.2 trillion Continue reading
After 16 days of the economic shutdown, today at the 11th hour, an agreement was signed between the American President Barack Obama and the US Congress. This agreement has avoided the default, a phenomena which was feared by many economists. Even then, a hint of uncertainty still haunts the investors and economists.
The markets all over the world, in response of the deal showed a positive rise. Nevertheless, businesses know this is nothing less than a temporary solution; businesses demand a more stable and long lasting solution, to the problem. Continue reading
Do you have an extra bedroom in your house? What are you planning to do with your son’s room after he moves out? You can put all your junks and make it a storage room or you can make money out of it. Many people come to Australia for different reasons. You can rent your spare bedroom to them and make an earning out of it.
How to advertise?
You can advertise through online websites like airbnb or stayz. The number of guests accommodated through airbnb is increasing every year. It has experienced a 457 % increase from last year. You can look forward for the holiday rentals or for the thousands of international students, who come to Australia, every year. The site requires 3% commission, which includes insurance too. The host families typically receive $190 to $270 per week for a room.
Tax on the income
If you lease your room, you should include rental income in your tax returns and you will be liable for capital gains tax on the portion rented, when you plan to sell the house. Failure to do so will account to repayment of money for the first time and fines or court actions if continued. If you are leasing to students, then the income is generally tax-free.
Source: http://www.smh.com.au/money/tax-matters-when-it-comes-to-homestays-20130928-2ul36.html
George Osborne has promised to establish Britain’s first budget surplus. The Chancellor of the Exchequer says that it is high time that Britain should generate more revenue and tax yield than the amount it spends. He terms this as insurance for the difficult time ahead.
Osborne quotes on the surplus budget
He states that the goal should be focused on providing that surplus amount, in the next Parliament. He also says that the economy is recovering after the years of recession but this discipline and the spending control is required to create a sustainable ground. He quotes that, “The battle for turning Britain round is not even close to being over.” Continue reading
Bank charges its customer for various reasons like other bank ATM withdrawal, overdrawing from the account, failure to maintain the minimal deposit and many other reasons. For three years in row, there is a decline in the bank fee for the household accounts. Continue reading