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Higher electricity bills are not the only ones! From next year we will also pay significantly more for…

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The topic of electricity and gas bill rises has not disappeared from the headlines recently. However, it turns out that we have forgotten about yet another increase that will also affect millions of people in 2023.

Industry experts have issued new predictions for electricity and gas bills in recent days. We are facing an increase like never before.

All because of the so-called price cap, or price limit per unit of energy. It is set to rise to a shocking level of over £3,000!

This in turn means that on a monthly basis from winter onwards, some households will pay up to £500 each! It is already clear that many families will not be able to bear such costs.

Energy price rises will not be the only ones we face. Other bills will also increase from 2023.

We are talking about telephone subscription charges. Already this year, increases have averaged between 8 and almost 12%. In a few months’ time, the amounts will rise again – and by the highest rate ever.

This is already certain. Mobile operators usually raise prices for their services in April. And they have been using the same method of calculating the amounts for years.

Most of them use the amount of inflation in May or June of the previous year as the bass indicator. Currently, the figure is as high as 9.4%.

This is not all. To this value, an additional few percent are added – from more than 3 to nearly 6. So let’s get ready for increases of up to 15%!

How will this translate into bills? As an example, a good quality phone on a subscription costs on average around £35 per month. After the increases, this will rise to £40!

On an annual basis, this will add up to £60 – nearly two ‘extra’ bills compared to the current amounts. Can the increases be avoided?

Yes, but only certain customers will benefit. Those who signed up more than two years ago and had their contract automatically renewed indefinitely will be in a privileged position.

If you chose your phone and your subscription at a later date, there is probably a provision in your contract that allows operators to introduce an increase. And if you break your contract, you will pay a penalty that will ultimately be higher than the increases themselves….

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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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