elengine:


I'm going to Brno.

Ibro99:
Hi great people, please can a visa holder buy and hold stocks and shares? Will that be perceived as a form of trading or investment? Also, if one can and the dividend exceed £500 does it mean one has to file a tax return (will this then become a business?)?

Will appreciate your responses. Thanks

Ibro99:
Hi great people, please can a visa holder buy and hold stocks and shares? Will that be perceived as a form of trading or investment? Also, if one can and the dividend exceed £500 does it mean one has to file a tax return (will this then become a business?)?

Will appreciate your responses. Thanks

Thewritingnerd:
The economic reality right now is different from those times. How will the UK government subsidize uni education to ensure absolutely free costs right now?

In Germany, income tax is higher than in the UK, on top of that income tax, they still pay statutory solidarity surcharge tax. How many people in the UK will happily pay this when they’re already groaning about how much tax they currently pay?

So if UK is to model Germany’s way, who will bear the brunt?

Thewritingnerd:
Just 2k. Another nationality (which I shall not mention 💀) in his position would have charged 40k 💀.

Ebonybiuty:
H Everyone, I recently got an offer from my company, licensed to sponsor a skilled worker visa, as a Finance Business Partner. The salary is higher than 38,700 but while they were trying to apply for my COS, they noticed there is no code for Accountant. Was the SOC list changed recently? Is it that companies can no longer sponsor accountants?

Would appreciate responses please.

Ebonybiuty:
H Everyone, I recently got an offer from my company, licensed to sponsor a skilled worker visa, as a Finance Business Partner. The salary is higher than 38,700 but while they were trying to apply for my COS, they noticed there is no code for Accountant. Was the SOC list changed recently? Is it that companies can no longer sponsor accountants?

Would appreciate responses please.

Lexusgs430:


- Does this visa holder, have a national insurance number......
- Buying stock and shares, is classified as a form of trading/investment
- You have tax efficient ways of buying stocks/shares.... Simply open an ISA account, you can invest £20,000 per tax year (free of taxation)......
- If you open a GIA, you would be expected to pay tax, over any capital gains above £500.00.........
- Trading is indeed a form of business, some investors receive over £1500 dividends payout monthly........🤣😁

Ibro99:
Hi,

Thank you Lexusgs430.

Yes the visa holder has a national insurance number and why do you ask please?

- To open any share dealing account, your national insurance number, is one of the requirements......

I’m confused about your second point please. Does this mean a tier 2 visa holder MUST not buy and hold shares outside an ISA?

- You are permitted to buy, sell & hold.... You can hold shares outside an ISA account, but it's more tax efficient to open an ISA account.........

Speaking of ISA, can a tier 2 visa holder open a LISA and receive benefit of the £1K for every £4K saved towards buying their first home? Is that seen as receiving public funds?
- Yes, you can open a LISA account (if you're under 40 years old) + hope to buy a new build + property is not over £450K (check this figure)........

What’s GIA please?

- General Investment Account

Lastly, so opening a trading 212 invest account and buying and holding stocks outside an ISA is a form of business as you may have to complete a tax assessment once the dividend exceeds £500? Before it does, is it still safe to buy and hold?

- Very safe .......🤣

Don't forget to use my T212 referral link..... We both receive free shares.......😁

https://www.trading212.com/invite/11S0uSxTBi

Zahra29:


Ah ok, you don't qualify as a new entrant as you're the dependant but your spouse does


Every occupation has its standard going rate. Some going rates are higher than £38,700 and some are less.

To qualify for a skilled visa, the salary offered must be the greater amount. So for your occupation code, £38,7000 is greater than the standard going rate of £30,960 so this is what the job must pay to be sponsored. It basically means that 38,700 is the minimum. Some occupation codes have standard going rates as high as £50 - 60k - which is what the role would have to pay to be sponsored.

I hope this makes sense.

Lexusgs430:



Insurance quotes are usually individualised...... Go skippy could give me cheap insurance, but almost want to drain all your future earnings.........😂

Loads of factors are considered, when a quote is requested.......

Controlv:


2421 is the occupation code for Accountants. You need to earn the standard going rate of £46,800 to be eligible for sponsorship. However, if you have been on a skilled worker visa prior to 4th April, then you can be sponsored using the lower going rate which is £33,900.



If the pay for this role is below £46, 800 and you were not on a skilled worker visa prior to 4th April, your employer could consider using 4124-Finace Officers, and you qualified for sponsorship since the pay is higher than 38,700.

Sometime last year before this recent review, I know an employer that used accounts manager occupation code for a qualified management accountant role because the going rate for account manager was lower.


https://www.gov.uk/government/publications/skilled-worker-visa-going-rates-for-eligible-occupations/skilled-worker-visa-going-rates-for-eligible-occupation-codes

tobbyoladejo:
My Oga, abeg explain that part of draining future earnings o. Nah Go Skippy I dey use

Peerielass:


It’s still there under 2421 - Chartered and Certified Accountants.

https://www.gov.uk/government/publications/skilled-worker-visa-eligible-occupations/skilled-worker-visa-eligible-occupations-and-codes

Lexusgs430:


Hi,

Thank you Lexusgs430.

Yes the visa holder has a national insurance number and why do you ask please?

- To open any share dealing account, your national insurance number, is one of the requirements......

I’m confused about your second point please. Does this mean a tier 2 visa holder MUST not buy and hold shares outside an ISA?

- You are permitted to buy, sell & hold.... You can hold shares outside an ISA account, but it's more tax efficient to open an ISA account.........

Speaking of ISA, can a tier 2 visa holder open a LISA and receive benefit of the £1K for every £4K saved towards buying their first home? Is that seen as receiving public funds?
- Yes, you can open a LISA account (if you're under 40 years old) + hope to buy a new build + property is not over £450K (check this figure)........

What’s GIA please?

- General Investment Account

Lastly, so opening a trading 212 invest account and buying and holding stocks outside an ISA is a form of business as you may have to complete a tax assessment once the dividend exceeds £500? Before it does, is it still safe to buy and hold?

- Very safe .......🤣

Don't forget to use my T212 referral link..... We both receive free shares.......😁

https://www.trading212.com/invite/11S0uSxTBi

Controlv:


2421 is the occupation code for Accountants. You need to earn the standard going rate of £46,800 to be eligible for sponsorship. However, if you have been on a skilled worker visa prior to 4th April, then you can be sponsored using the lower going rate which is £33,900.



If the pay for this role is below £46, 800 and you were not on a skilled worker visa prior to 4th April, your employer could consider using 4124-Finace Officers, and you qualified for sponsorship since the pay is higher than 38,700.

Sometime last year before this recent review, I know an employer that used accounts manager occupation code for a qualified management accountant role because the going rate for account manager was lower.


https://www.gov.uk/government/publications/skilled-worker-visa-going-rates-for-eligible-occupations/skilled-worker-visa-going-rates-for-eligible-occupation-codes

Zahra29:


To the bolded, one of the conditions of a sponsor license is the employer is required to select the most appropriate/closest matching SOC code based on the job duties of the proposed role. Otherwise most employers would just select a lower rated SOC code and pay less.

Most Finance officer roles have lower level duties than a Finance Business Partner. Is the OP happy for their responsibilities to be watered down to fit a Finance Officer job description? Or rather, this is an opportunity for HR to ensure his/her salary is inline with the going rate if it isn't already.

taalas:
Pls Zahra29,Lexusgs430,Thewritingnerd and everybody; In my decision letter, it said within 10 days of arriving in the UK one can collect his BRP. I came in on 10th of April and I have been to the to the post office for BRP collection 3 times but it has not yet arrived at the post office. I am stressing out already. . Please any tips on how to go round it or how to contact home office. Thanks

dupyshoo:
I put a link for you in the previous page. Have you tried it? It works!!

lavida001:

https://www.youtube.com/watch?v=yNo5yaExAXw
I’m happy Rishi is trying to get those on benefits back to work. They have become very lazy and over relying on this benefits and I think it’s unfair to migrants who pay taxes/ IHS with no recourse to public funds.

taalas:
Pls Zahra29,Lexusgs430,Thewritingnerd and everybody; In my decision letter, it said within 10 days of arriving in the UK one can collect his BRP. I came in on 10th of April and I have been to the to the post office for BRP collection 3 times but it has not yet arrived at the post office. I am stressing out already. . Please any tips on how to go round it or how to contact home office. Thanks

Ibro99:
Thank you very much. Unfortunately I already opened an account. Would have liked to use your referral link.

Just to confirm please, if the stock dividend exceeds £500 for a tier 2 visa holder is that deem as a business with the need to complete a tax assessment?

Also, is that a violation of the visa rule?

Thewritingnerd:
Someone already responded to you with a link earlier, have you used the link?

Lexusgs430:



I am not a taxation specialist, so wouldn't want to give you wrong advice........ 😊

taalas:
Yes the link didn't work. When trying to get the share code it said :

“What identity document did you use when you created your account?”

Passport

National identity card

Biometric residence card or permit

I did put my passport number and it said this information doesn’t match.

dupyshoo:
I am not sure why the link did not work for you. I just clicked on the link and it took me to where to report to Home Office if your BRP has not arrived.


I have posted the link below again.

https://www.biometric-residence-permit.service.gov.uk/collection

If you complete the form, you should get a response within 24hrs.

Peerielass:


Just say it’s unfair period. British people also pay taxes and some of them are not eligible for benefits due to earning high wages. They also have private health insurance so never use the NHS but they’ve been paying national insurance contribution for donkey years.

The system is unfair to the working population irrespective of whether they are British or immigrant.