1. What are the fees and cancellation?
The granting of the loan by the entity usually be matched charging a commission, under the generic name origination fee, includes the cost of studies and processing the loan. It is usually a percentage of the loan amount with a minimum amount .
The prepayment fee only applies if effects occur. The commission refers to the extra payments that the customer decides to allocate to reduce the loan, either by reducing the fee payable monthly or within the operation. Sometimes, the fee varies if that pays off the loan, is canceling all-or part-partial redemption. For entities, the commission is like an insurance covering the risk assumed by the fact that the operation can be canceled at will by the customer.
In loans to variable interest , depreciation commission is limited by law to 1%. In the fixed rate is usually higher commission due to the higher risk involved for the entity that is obliged to ensure against possible fluctuations in interest rates at great cost that it’s costing you. In any case, Law 2 / 1994 of March 30, offers two possibilities to modify your mortgage, subrogation and the novation credit. Read the rest of this entry »
When asked about the insurance benefits, including regular mention Prosecutors. Because most people who visit, or who are my clients, have doubts, I decided to talk about them. Only I will focus on the benefits that personal insurance. Concentrating on what you can do as individuals tax deductible or can receive free income tax return. Karla Bayly Financial Coaching and talked about some benefits in this regard, I recommend to read.
Article 176 of the Income Tax Act provides that the premiums you pay for a Medical Insurance for you and your family, wife and children or parents, are tax deductible. You pay for a Personal Retirement Plan (RPP) also in this case must meet certain requirements: there is a maximum for that deductible is 10% of their income and must be a PPR. Here it is noteworthy that not all plans for Retirement Security with Insurers are PPR, I recommend you to check.
Article 109 of the Income Tax Law referred to the exempt income from taxation. Among the contemplated revenue and payments received by l Life Insurance : death, disability or functional loss . Means those that are received from a life insurance policyholder’s death. The same article also includes income received by the Insured after 60 years in respect of a retirement plan, must take more than five years with the plan and receive income after that age. Qualify for this benefit, many insurance plans, not the PPR because the income of the latter do pay taxes.
I want to mention finally that the savings plans in any kind of plan calls for retention of ISR, as with any investment that generates profit from a bank account up to an investment fund. U n important detail with the actual profits obtained from an insurance of this type is that the income tax withheld and estimated until the insured makes a withdrawal, not before . This “small” feature makes the insurance be better to save than any other financial instrument.
This is an issue that is very interesting, because as you can see the benefits that are received by a very comprehensive insurance. In addition to that you can make a proper tax planning. With good advice about it, besides having good coverage, you can choose. One more reason to have an advice. The issue is not difficult to understand but we must be very well informed. Please leave your comments and questions.
Tax Guide against tax increases
Given the tax increases announced by the Government in 2010, should know some simple tips to avoid a fiscal drain on your finances.
The tax increase is going to carry out the Spanish Government in 2010 is based on three legs: VAT, savings and the deduction of 400 euros. On the latter, say goodbye to that little deduction directly from the first of January 2010.
With regard to the VAT hike will remain marginalized some commodities such as bread, milk or fruit, but the rest will go up from July 1, 2010. Here we have no other to endure the climb, but if you are thinking, for example, change cars, do it soon. Furthermore, as the market is so stopped, there are now offers unsurpassed.
Sell something to offset losses
On savings, ie the Spanish investments, the Government amended the rate payable on profits, raising it from 18% to 19% and 21%. Until now, when one sold, for example, some shares or a flat, had to pay the state 18 percent of the profits (the difference between the price paid and the selling price). Well, with the latest amendment, will have to pay 19 percent on the first 6,000 euros in profit and 21% percent on the remaining profits.