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ATTENTION: Customers of these banks will soon lose access to many services. This is the last moment to…

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If you have an account with one of these banks, it is worth thinking about changing where you put your funds. The directors have just made another tough decision!

Since the start of the pandemic, the transformation of the banking market in Britain has begun. Customers have – willingly or unwillingly – changed their habits.

A lot of things started to be done online, which suited the directors of the big banking groups. Why?

This is because they have decided that the traditional physical establishment is a relic of the past. And they have started to close their branches en masse.

The owners of Lloyds Banking Group are leading the way. Its portfolio includes brands such as Lloyds, Halifax and Bank of Scotland.

We have kept you informed of their branch closure plans, but more decisions have come to light. A further 133 Lloyds outlets, 50 Halifax outlets and 13 Bank of Scotland outlets will disappear by January 2023.

On the surface, such disappearance of banks from the High Streets may seem beyond the interest of the typical customer. Indeed, nowadays we do most of our day-to-day banking online.

However, there are situations that require consultation with a member of staff, and such virtual consultation does not guarantee that every matter will be dealt with. For example, it is not possible to recover an account that has not been used for some time and we do not have, for example, a valid login or password for online banking.

In addition, free ATMs are disappearing along with outlets. Admittedly, the bank owners guarantee that every customer will have another free ATM within half a mile or access to an ATM at a post office within 1.1 miles.

However, this is just wishful thinking. In reality, the search for ATMs can be much more of a hassle. And at the post office we will only do some things, such as depositing a cheque or checking our account balance.

Is there a way out of the situation? Yes – you can look for an offer from a bank that is not planning to close branches – at least not that massively. At the moment, the best deal is Nationwide, which is giving as much as £125 for transferring your account.

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Self-employment in the UK. How do I become self-employed in the UK?

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Self-employment means that we are self-employed. It is the simplest form of doing business in the UK.

How do I register as self-employed?

Registration needs to be done no later than 3 months after starting your business and can only be done by UK residents. The easiest way to do this is online at the HMRC website. When registering, you will need to provide, among other things, your National Insurance Number, your home address and the scope of your planned services.

The Sole Trader (self-employed) has no legal personality. The Self-Employed person is liable for the business with all his/her assets. Taking up Self-Employment does not exclude the possibility of employment based on an employment contract.

Self-employed persons are subject to personal income tax (PIT) and are required to pay National Insurance contributions. Self-employed persons may join together to form partnerships.

In addition, sole traders are required to: submit annual tax returns, must register for VAT for turnover over £85k, have the option to employ staff and are required to keep adequate financial records and retain these documents and accounts for five years.

We can operate under our own name or under another name. If all or part of the work is done from home, we may be forced to pay more in rent for the premises. However, this amount is tax deductible.

It is important to know that for some services, you must first have a licence to provide these services, for example if you want to open a restaurant or become a taxi driver. Such licences are most often issued by local authorities.

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Water meter – is it a miracle way to save on bills? We explain whether it’s worth installing in your home

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Financial expert Martin Lewis explains on ITV whether it’s worth installing a water meter in your home. It turns out that such a move can sometimes reduce our bills by several tens of per cent!

For some time now, UK residents have been able to ask for a so-called water meter to be installed in their home. This is a device that counts the flow of water through the main pipes. It then transmits the consumption information to the company supplying water to the household. The bill shows the exact amount of water taken and it is this amount that we will pay for.

How does such a form differ from a traditional contract signed with a water supplier? Usually the company in question sets a fixed rate depending on the size and value of our house. In this way, we can use water without worrying about the amount, and we will still receive identical bills every month.

However, it may turn out that this form of billing is not cost-effective for us. When is it worth thinking about installing the aforementioned device? Well-known financial expert Martin Lewis answers these questions on ITV.

Według niego, w licznik wody powinniśmy się zaopatrzyć w sytuacji, gdy liczba domowników jest niższa niż liczba sypialni. – Przelicznik jest prosty: mieszkasz w domu 3 bedroom tylko w dwie osoby? Pomyśl nad water meter – mówi Lewis.

I przypomina, że takie urządzenie jest zawsze darmowe. O chęci jego zainstalowania powinniście powiadomić dostawcę wody. Następnie macie 12 miesięcy, aby testować to rozwiązanie i ewentualnie z niego zrezygnować.

A Wy macie doświadczenia w używaniu takiego urządzenia? Czy licznik wody rzeczywiście się opłaca?

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