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Individual Savings Accounts: how do they work?

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Are you planning to open a new savings account? If you live in the UK you can opt for an ISA, which today represents a new way to save or invest money. Before explaining the characteristics of ISAs, however, it is important to specify that all investments can involve risks and economic losses. In fact, when you invest, your every move is subject to constant market fluctuations and the final outcome of your investments is always unpredictable. If you are starting this new path to give your money a chance to grow, always keep in mind that you may find yourself with less than you expected. Anyway, ISAs are Individual Savings Accounts specifically designed to allow the holder to invest and save their money without ever paying taxes. In fact, all types of ISAs work in a tax-efficient way. Depending on the type you decide to open, you can simply set aside your savings or invest them in a wide variety of fields according to your needs and risk profile. An ISA can be opened by any UK citizen over the age of 16. Today you can even open one dedicated to the future of minors, who will be able to access their money once they become of age. Can you have more than one isa? Today, if you both want to save and invest your money you can open as many types of ISAs as you want. In fact, the British Government gives its citizens the chance to open a Stocks and Shares ISA, a Junior ISA, a Cash ISA, and more at the same time, but you open only one type of each ISA variant per tax year. Now let’s have a look at the different types of accounts available and at their characteristics.

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What type of ISA should you choose?

Today you can choose from many different types of ISAs according to your preferences. One of the most widespread is called Cash ISA, which today represents the most similar choice to a normal savings account. In this case, however, you will not have to pay taxes on your savings. On the other hand, the Stocks and Shares ISA resembles an investment account that works in a tax-efficient way. If you’re planning to open an Individual Savings Account to put money aside for your future, you could choose a Lifetime ISA, since it has been created to help you save money for life-related purchases, such as a new house. If you opt for Innovative Finance ISA, you’ll have the chance to invest in a peer-to-peer lending with the goal to get interest back. Lastly, as mentioned above, you can open a Junior ISA to save money for your children. In this case, the annual allowance is up to £9,000 per year and £25 per month. Other family members and friends can give their contribution as well.

What is the annual allowance?

Speaking of ISAs, you have surely heard of the annual ISA allowance. What is it? It is indeed a value that refers to the maximum amount that you can deposit into your fund in a year, and that applies to all types of ISAs currently available to British citizens. If for a Junior ISA it amounts to £9,000 per year, all other types have an allowance of £ 20,000 per year. If you’re looking for an investment account that comes with no restriction on the number of funds you can deposit in a year you may consider a GIA (General Investment Accounts), which by the way comes with no tax and contributions benefits.

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Luis Figo is the first Portuguese to star in a Netflix documentary. Here comes the controversy – Culture

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Luis Figo is the first Portuguese to star in a Netflix documentary.  Here comes the controversy - Culture

Before the footballing world surrendered to Cristiano Ronaldo, another Portuguese had reached sky-high levels of popularity in the sport. The importance of Luis Figo in the football market will be analyzed in the documentary About Caso Figo: The Transfer That Changed Football, which will be released on Netflix on August 25.

Created by David Tryhorn and Ben Nicholas, the format focuses on what is to this day one of the most controversial transfers of all time: In 2000, Luis Figo leaves Barcelona for rival club Real Madrid. From the pesetero to being targeted by pig heads thrown on the turf, during his first classic game as a merengue player, the 49-year-old Portuguese became the most contested man in the Spanish league at the time.

The Figo Affair: The Transfer That Changed Football revisits that era with the testimonies of the main characters 22 years after the transfer: Luis Figo himself, José Veigi (the agent of the footballer who made the deal at the time) and Florentino Pérez. then president of Real Madrid.

Luis Fig case

credits: Netflix

data-title=”Luis Figo case – Luis Figo is the first Portuguese to star in a Netflix documentary. And here comes the controversy – IGG”>

credits: Netflix

This format is the first Netflix documentary to feature a Portuguese as the protagonist. Among the various figures associated with the world of football who talk about that time, there are names such as Paulo Futre, Roberto Carlos or Jorge Valdano. The documentary will also show previously unseen footage from Figo’s personal collection during his stay in Barcelona and his holiday in Sardinia in the summer of 2000.

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“Focusing on the transfer rather than on Figo’s career, the film tells us about truth, greed, morality and the whole sport in the process – this is the birth of football as a big immoral business with romantic notions of loyalty; not to mention Florentino. History of the origin of Perez. I was honored to direct this film and after the release of Pele last year, we are thrilled to be working with Netflix again on another major sports story.” from Netflix.

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Ambassador of Portugal to Venezuela praised the local community

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Ambassador of Portugal to Venezuela praised the local community

“This (RUS) is important for the Portuguese community, and it is also important, as an example of solidarity, that the Portuguese give to those who live here in Caracas and beyond,” said Joao Pedro Vasconcelos Fins do Lago in an interview with Lusa. the end of a visit to an NGO supporting needy Portuguese and homeless Venezuelans.

It was a visit that I wanted to make from the first day I was here, because this is an organization that works with very difficult situations, situations of deep social need, people who have many needs in terms of housing, health and food for people. of all ages, with a special focus on the elderly, the most needy and the most helpless, in a range that deserves all the attention“, these.

The diplomat stressed that “Regala una Sonrisa is exemplary and does a wonderful job,” given that the visit served as an introduction to the ongoing work, the difficulties and proposals that it presents.

“This is an institution that the Portuguese state pays full attention to. In fact, it receives financial support from the Portuguese state in the form of support that has increased over the years and has led to results,” he said.

João Pedro Vasconcelos Fins do Lago said that “there is a beneficial effect of meeting people on the street, where they have to feed them, give them medical care, and also give them shelter.”

Regarding the proposals made by the president of the NGO, Francisco Soares, the ambassador said that “they are aimed at making it easier and more flexible to help people,” without specifying the content.

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“Obviously, we know that we have come out of a very difficult two-year period, a pandemic in which the bureaucratic part of the case was also difficult, and there are several ways to make some situations more flexible and remove the bureaucratic burden. very specific in the sense that a hand that helps those in need can get to those people faster,” he concluded.

For more than seven years, Regala Una Sonrisa has been organizing homeless awareness days every month and promoting the weekly “Sopa Sorriso” initiative for more than 200 people in need in the center of Caracas.

The NGO is also responsible for the Anjos Lusitanos program for Portuguese people living in isolation and in dangerous situations.


 


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Portuguese traveling the world on a minimoto will meet Ramos Horta on Timor – Observer

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Portuguese traveling the world on a minimoto will meet Ramos Horta on Timor – Observer

The young Portuguese, who has been traveling the world on a mini-motorcycle since 2020, will arrive in Timor-Leste on Monday and meet with the country’s president, the motorcyclist said on Wednesday.

With a residence in Oliveira de Azemeis, in the Aveiro region, and starting his journey in Avis, in Portalegre, André Souza left Portugal on July 12, 2020 to try for a world record, and since then he has driven over 55,000 kilometers through 40 countries, always on a Honda Monkey 125 with nine horses and a height of 70 centimeters.

The 26-year-old is currently based in Darwin, Australia, and it was there that he met two United Nations lawyers who, after working for several years in Timor and personal with Jose Ramos Hortarecognized in the Portuguese trip the type of gamble that would have interested the current president of Timor, the 1996 Nobel Peace Prize laureate.

This friendly couple took care of everything, connected us, and now it was agreed with Ramos Horta’s adviser that I would meet with the president on August 23, although without a motorcycle, which leaves Australia only by boat on the 24th and will not be. arrive on time to appear in the photo,” says Andre Souza Luce from Darwin.

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The absence of a car at an official meeting does not prevent the motorcyclist from admitting with satisfaction: “Once I realized that I could drive Timor, it became a dream. I wanted to get to know the country that was a former Portuguese colony, and especially I wanted to get to know Ramos Horta for everything he did for the independence of this land.”

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Initiallypassage through Timor was not planned in the Ride That Monkey project, but became part of the scenario when the direction of the trip had to be changed to get around the fact that in mid-2020 most international borders were still closed or severe mobility restrictions were imposed due to Covid-19.

The idea was to go directly from Europe to Asia, but I had to change the direction of travel and start from America. That is why now, being in Australia and so close to Timor, I decided to go there and through Indonesia before heading to Malaysia and Thailand, ”explains the Portuguese.

Myanmar, India, Pakistan, Iran, Turkey and “some countries in North Africa” ​​are the next destinations, so travel effectively cross “all the continents of the globe” before returning to Portugal scheduled for May or June 2023.

Meanwhile in Darwin, Andre Sousa continues to recover from injuries sustained in his back after he was hit by a truck in California, USA, which left him there for two months. The problem was alleviated with physical therapy and required regular medication, but the pain worsened in Australia after several days of consecutive desert crossings between Cairns and Darwin, covering a total of 2,500 kilometers.

A young Portuguese man traveling the world on a mini-motorcycle is injured in the US.

I had to lie in bed for a week, completely motionless, and now I am accompanied by a chiropractor who has already offered me three consultations for $ 110 each as support for the project,” emphasizes Andre Souza.

The motorcyclist also notes that the trip turned out to be “much more expensive than expected”, due to the difficulties associated with the pandemic and unforeseen health problems. The accident in the United States, for example, involved two months of commercial residence in the Beverly Hills area, where “the simplest hamburger cost at least 10 euros” and, just to transport a motorcycle and driver from Santiago de Chile to Sydney, “the cost was 6000”, in addition to the cost of “a number of documents” that the Australian authorities require when crossing from Darwin to Timor.

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Facing these and other budget changes was only possible thanks to the sponsors of the project and the “donations and support of many different people from all over the world” – as in the case of a Portuguese family that this week welcomes André Sousa to Darwin and 40 subscribers from different countries who donated 50 or 100 euros in exchange for having their name engraved on the minimoto’s fuel tank.

In the next stages of the journey through Asia and Africa, “there will be even more bureaucracy”, but in order to reduce the cost of accommodation and food, the young man will strive to circulate through areas where Portuguese emigrants live what they can get. André Sousa admits that he was welcomed mostly by foreigners, but he does not hide his preference: “I always like to stay with the Portuguese. They do everything they can to help me and make my life easier, and when we’re together, it’s like coming home for a while.”

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