Summit Customs Brokers

Understanding APR

The Annual Percentage Rate (APR) is the percentage of interest that you will be charged for your credit card over the period of one year, this is nessecary to understand if you want to improve credit score. This additional fee is added on each month that there is a balance on the card. You can see what percentage you are paying monthly or daily by dividing the percentage by 12 or 265, respectively. In order to avoid paying the More

Marketing your business on a budget

Marketing is a costly and time-consuming measure that all business must strive to do if they are to gain more exposure in the business world. Here are some tips on how to maximise your business'exposure with these simple marketing strategies.

Firstly, assuming you have already established your niche or market, the next thing to do is to promote your business in as many ways as possible. The internet is an excellent gateway for business to gain exposure. Use search engine More

What is inheritance tax?

Inheritance tax is only incurred on anyone who owns an estate which they have inherited and which is worth more than the £325,000 threshold (for the financial year 2010-2011). However, married couples and people registered with civil partnerships can raise this threshold to as high as £650,000. Typically, an inheritance tax must be paid within 6 months of the death of the deceased. If it is not paid within this time then interest is charged. However, the tax on a More

Gun regulation is still resisted in America, despite the facts

Gun ownership in the United States is an issue which has been debated for many years. There have been numerous attempts to introduce stiffer gun control in some states but often this has been met with strong hostility by many Americans.

The Constitution states that all American citizens have the right to bear arms and this is a reference which is consistently used to fight off attempts to regulate gun ownership. Many conservatives accuse people who are against gun ownership More

Brazilian economic growth slows, despite rapid growth in the first quarter

The Brazilian economy created just 212,952 registered jobs in the month of June, which was below the median prediction of 279,000 jobs, based on a series of three forecasts issued by economists. In May, 298,041 registered jobs were created and during the first quarter of 2010, Brazil’s economic growth was the fastest for 15 years, which contrasts significantly with the latest figures. Registered jobs in Brazil provide workers with numerous benefits, including insurance, long term care annuities, bonuses and More

Equity release helps pensioners with their debts

A new report announced by Age UK has found that a number of British pensioners are selling their homes for equity release and using the profits to pay off their debts and fund a high quality of life during retirement.

The report, entitled ’Housing and Finance in Later Life’comprises of research carried out by Birmingham University. The equity release scheme means homeowners are able to profit from the value of their homes by entering into a long term contract. Equity More

Issues Affecting Wealth and Lifestyle

The most popular method used for unlocking the money involved in your property is through equity release. Equity Release Schemes are usually of two main types-

Lifetime Mortgages

Home reversion plan

You must consider certain factors before you opt for an equity release scheme-

There are various equity schemes and issues that affect the wealth and lifestyle of an individual-

Equity release schemes are a part of long term commitments. The schemes demand penalties if one wants to go for More

Investing during recessions

The economy goes through several cycles and one of them is called a recession. A recession may be defined as a less than 10% decrease in the Gross Domestic Product (GDP) which must last for more than one consecutive quarter. It has been seen that people are scared to make investments during a recession. Contrary to popular perception however, investing during recession actually lays the foundation for opportunities in the future. This is because the interest rates fall and borrowing More