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5 Reasons To Keep Your iPhone 6 Plus

Why it’s worth hanging onto your iPhone 6 Plus or buying one used as Apple’s 2014 phablet still has a lot to offer if you don’t need the latest in mobile tech.

Apple’s original phablet still has plenty to offer so why change?

The iPhone 6 Plus with its 5.5 inch screen was a significant release when it appeared back in September 2014. It marked Apple’s first foray into the ‘phablet’ phone at a time when many couldn’t imagine Apple going beyond the more compact smartphones they’d released up to that point.

Since then, four new versions have appeared in successive years with another on the way later in 2018, but your trusty 6 Plus is still worth hanging onto as is buying one used if a good value large screen phone appeals.

So why keep your 6 Plus?

Here are five reasons:

  1. Cost of replacement

Inevitably, buying a replacement phone will cost whether you opt to buy a new one outright or go down the contract route with a subsidised handset.

While some people will always want to have the latest model, the canny buyer waits until new releases genuinely offer new features and facilities worth splashing out for. Even then it’s possible to save money in that buying a model one or two releases behind the latest version will offer both big savings and new features if coming from a markedly older handset.

A good example (if you don’t already own one of course) is buying a refurbished iPhone 6 Plus if you’d like a larger screen and aren’t too concerned about other, newer features. Your wallet will thank you in that they’re currently available for under £180 so making a huge saving on a new version, or even a used example of a newer release such as an iPhone 7 or 8 Plus.

  1. Backward compatible with software releases

A key benefit of the Apple mobile environment is the way the company deals with updates and new versions of its iOS operating system.

When updates or new versions of iOS are available, users of compatible phones are notified via their handset immediately and can download the new software. The company make their updates backward compatible with many older iPhones: at present, the latest iOS release is compatible with handsets dating back as far as 2013 so including the models released a year before the 6 and 6 Plus.

  1. Cheap running costs

Sticking with an older phone or buying one means you can avoid expensive contracts involving subsidised phones and pay for just what you need from your tariff.

Some people pay for more data and minutes than they’ll ever use just to increase the subsidy on an expensive phone. If you already own a 6 Plus or buy a used one, then you can select a SIM only deal that suits your needs and so offer much better value for money.

  1. Accessories still compatible with your handset

One annoyance sometimes when upgrading a phone is having to buy cases, chargers and other items all over again to fit the new model you now own.

Sticking with a handset that’s giving you faithful service means you won’t be spending money on accessories apart from the odd replacement. Such is the mobile aftermarket you won’t need to worry about these items becoming unavailable as time passes; you’ll be able to buy a case for your 6 Plus for a while yet.

  1. Built to last so why change?

Apple’s build quality is legendary throughout its product range, and the iPhone is no exception, so a well looked after 6 Plus looks good and performs well.

It still offers modern technology, and such is the way Apple engineer their products – for example a screen that, while not a pace setter in terms of spec, works very well thanks to its high standard of construction – you don’t feel you’re using an obviously older phone.

The 6 Plus has a decent camera, a fingerprint sensor for quick and easy unlocking of the phone and some apps, good battery life thanks to a larger battery than in the standard size iPhone 6, and a bright and very detailed display.

New releases not always offering big changes

Also, while the 6 Plus has been replaced every year since its launch as mentioned earlier, not all versions have represented a huge leap over the 6. Phone makers often routinely change handsets annually and it’s not always the case that huge leaps forward are made with each release.

Your phone is up to date if it meets your needs

Even those immersed in new equipment such as tech reviewers would say the 6 Plus from 2014 has a lot to offer. While tech manufacturers will change their ranges frequently, you’re not going out of date if your handset or other tech equipment continues to meet your requirements.

2016 Stamp Duty Changes Explained

3% Additional Stamp Duty Makes Financial Advice An Even More Critical Part Of High-End Property Investment

Since April 1st 2016, buying a £5m property cost £163,750 extra in stamp duty. We explain the new charges and how they affect the high net worth investor.

You’ve probably heard about HM Treasury’s new, enhanced rate of stamp duty land tax (SDLT). This is a policy brought into effect in 2016 with the aim of raising additional tax receipts to support the required increase in affordable housing for first-time buyers. But what does the introduction of the higher rate of stamp duty mean for you as a high net worth individual with a portfolio of additional properties?

The Changes In Brief

As of the 1st of April 2016, if you buy a property in addition to your main home, you’ll be liable for an extra 3% stamp duty. This will apply no matter how many properties you’re buying. And in a significant change to the previous state of affairs, the extra percentage is added as a surcharge to each stamp duty band rate.

Stamp duty band rates are divided into tiers based on the overall value of the property, and these increase as the value of the property increases. When you buy your very first property, you’ll only become liable for stamp duty on the tiers in excess of £125,000. Under the new regulations, when you buy a second property you’ll be charged according to its entire value.

Which Purchases Are Liable?

The new, higher rates of stamp duty are levied on all additional properties bought in England, Wales and Northern Ireland after April 1st, 2016. If you already own a property or properties you don’t live in, you’ll almost certainly be affected by the new rates when you buy another. But if you sell your portfolio of additional properties and buy another as your primary home, your new purchase will be taxed at the old rate. However, if you already own a property outside England, Wales or Northern Ireland, you may be liable for the higher rate of stamp duty when you purchase one within these countries.

HM treasury has been proactive in closing loopholes which could allow owners of additional homes to avoid the increase. So the charge is payable whether you’re investing in property as an individual or a company. You’ll feel the effects even if you’re buying the property as a primary home for children or other family members, unless you buy it solely in their name. And don’t imagine it’s easy to circumvent the new rules by purchasing in your husband, wife or civil partner’s name: if you’re living together, you’ll be treated as a single unit.

What—And Who–Is Exempt?

As per the old rules, if your additional property is a houseboat, caravan or mobile home, you’ll be exempt from stamp duty. The same applies if you buy a home worth less than £40,000. Registered social landlords and charities will avoid the additional rate, as will couples who are permanently separated but not divorced. And if you inherit a smaller than 50% share of an additional property while you’re in the process of buying your primary home, you’ll also be exempt from higher rates.

The Implications For High Net Worth Investors

Given the nature of the purchases to which the higher rate applies, and the circumstances under which it applies, it’s easy to see that high net worth individuals will be the most affected by the new regulations. The enhanced stamp duty will impact on purchases made by Britons and foreign nationals alike.

Yes, the new regulations on stamp duty complicate big-ticket property purchases, but they shouldn’t put you off entirely. With the help of a correctly structured finance package, high-end property can still yield an excellent return on your investment. All you need to do is make sure you get the best possible financial advice for your situation.

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