₦airaland Forum

Lexusgs430:
[/b]
Any main credit with even 100% Apr ...... It does not matter....... Simply get another balance transfer card with 0%, and move balance....... 😉

Clear balance within the 24/36 months....... Bob's your uncle..... 😂

Clear balance or move to another 0% balance transfer card on expiration of the 24/36 months. Rinse and repeat and never get to pay interest on the old balance. You need to be financially disciplined for this to work - no new spends on the credit cards as the interest will be due immediately.

lavida001:
But where is the fund going to come from?

From Labour's bottomless pit of funds which they propose to use to fund all their policies when they get into power.

lavida001:
Could labour be any better than Tory’s ?

Council don’t need more powers to provide affordable housing, they need more funding.

In Scotland, affordable housing budget was cut by almost £200million for 2024/25. Imagine how many houses the Councils could have built with that money across Scotland.

claremont:
Correct. It's only recently I started hearing about the child benefit that can be collected and then 'self-declared' at the end of the financial year for high income earners. 15 years in the UK and never once claimed a penny.

To me there’s no point claiming child benefit if your income is above the £80K threshold (previously £60K) as you would need to repay everything through self assessment at the end of the tax year. However, if the wife/husband is a stay at home parent, they can still get national insurance credits for a minimum of 12 years depending on how many children you have. A lot of people claim child benefit to protect their pension credits but opt out of actually receiving the weekly payments to avoid self assessment.

https://www.theguardian.com/education/2024/mar/12/overseas-students-undermining-uk-higher-education-warns-cleverly

PSW under scrutiny.

Phenmeson:
I dey do my work jejely today, na so a black guy over 20yrs buy child ticket and waka with is white babe.

Sorry to digress, are you 100% sure that the person is not under 16 years old? Without an id, there’s no way to prove his age. The kids here look a lot more mature than their age. My 12 yr old daughter looks about 15.

I was also on the train recently from Glasgow to Inverness and these two 13 yrs olds were made to purchase adult tickets costing nearly £100 by the ticketing officer on the train. They told the woman several times that they were kids but she wouldn’t budge. Later, I overheard them complaining to their mum on the phone. They also complained to the next ticketing officer that came onboard the train, and he advised them to apply for a refund online with copies of their tickets and id. Most times when it comes to age, people don’t always get it right.

@Viruses. Have you tried Sumup? Most of my smaller clients use this for online payment but charges are a bit steep.

SavageResponse:
I used the word "Tautology" for want of a better word to convey the import of what I said, not because I do not know the meaning of the word

It pisses me off when Nigerians use sentences such as "Borrow me your book" instead of "Lend me your book" or "Am going to the supermarket" instead of "I'm going to the supermarket"

It is true that we are not native speakers of the English language but if you have lived long enough among native speakers of English I expect to see some improvemen

@ToshoTosin my post was not meant to diss you so please don't think too much of it

The bolded proves that you haven’t lived in the UK or amongst so called native speakers. The most common phrase here is ‘You was’, even TV presenters say that on a daily basis and no one bats an eyelid. The most important question is, are they communicating? Does everyone understand the point they are trying to put across.

profemebee:
thanks for this.. This is something we need to tell FTB ooooo... so they're prepared

From your example, for the initial 1st month (Feb 2024) there will be no mortgage payment except for Council tax.. so you just pay the normal rent and bills for where you live..

Then use the Feb 2024 to sort mail redirection, billers, etc

For the opening and closing meter readings for electricity/ gas in both the new property and the rented property, i guess this is how it works:

Rented property: Take closing meter readings on the last day of "living" in the rented place... meaning you leave before the next day

Mortgage property: Take opening readings on the day you go to the house even if you've not moved in?

Correct.✅ I’ll take the meter reading for the rented property as I’m stepping out of the house with my last kaya and about to hand over the keys to the agent/landlord. Take a date stamped photo for reference.

profemebee:
thanks for making it worse lol

How do people manage the timeline considering they're not in control of when the mortgage is fully completed

Unfortunately you may need to pay both for a month (or two) to give you time to actually move into the new property, get furniture and carpets, arrange mail redirection etc.

In my experience if you complete in Jan 2024. It’s likely your first mortgage repayment might be on 1st March. The mortgage provider will issue a letter after completion stating the monthly repayment amount and the date for the first collection.

Council tax starts counting the moment you take ownership. Remember to take opening and closing meter readings for electricity/ gas in both the new property and the rented property.

elengine:
Do you people want to wait until I buy the car before you give your opinion. I will make sure you all bear the cost if I buy eba oh.

Looks decent enough. If you decide to go for it, ensure you get proper winter tyres in the winter. BMW is notorious for sliding everywhere.

Congratulations @viruses.

ukay2:
Feels good to be in your own house always. No more landlords headaches

😀🤣 Until your boiler breaks in the middle of winter and you have to cough out £4k for a new one, then you’ll wish you were still a tenant 😝.

deept:
I remember the debate between Trump and Hillary where she accused him of not paying taxes. Baba agreed with his full chest and said you have been in Congress for donkey years, why haven't you changed the rules, your donors take advantage of the loopholes too.
The reason they are making noise is to give them an advantage at the polls, I Don't want to believe labour MPs and supporters don't avoid tax tax using the non Dom rules.

Two conclusions I have come to with govt and the economy are: 1. Government does not care about you 2. You can't tax your way to prosperity.
1

Exactly! I have been here long enough to know that both Labour, the Tories and SNP are out to screw me over so I’m apolitical. Labour is making noise up and down, in my opinion things were actually worse for immigrants in 2007 - 2010 when they were in power. British jobs for British graduates etc!

missjekyll:
You lost me, i wont lie.
The non dom status is unconscionable
and unfair ,lying that you are not domiciled here when your whole family is here and you have a UK job you have to go to everymorning.
You ride on roads you dont pay for, are protected by police you dont pay for, look at clean streets you dont pay for, You are not contributing to the training of your kids teachers or your own doctors and nurses .
All the politicians and members of their family discovered doing it had to stop it and start paying full tax eg Rishis wife.
Even they know its indefensible. Its about time it was stopped.

Not entirely correct. They pay tax on their UK income which entitles them to use the services you have mentioned. Whether it’s morally acceptable or not is another discussion.

Goke7:
Do you know the average wage in this country? no allow all those noise of 50k deceive you o

@Goke7 as our class monitor can you please advise what the average wage is for this week as it appears to change every few weeks on this thread 😝. Last time I checked it was about £70K.

bigtt76:
Take the NHS job, look for shared apartment in Bristol to stay for a while to get your footing before moving fully with your family. You should look at staying at the outskirts from Bristol which might be cheaper. Council jobs are a bit of a risk owing to the recent bankruptcy most are plunging into, one need to be careful. Same with civil service jobs which government is planning on downsizing to a level by 2025

And NHS is not battling funding gaps? 🤷‍♀️

Lexusgs430:
You forget to add kitchen porter, early morning cleaning & mini cabbing........... 😂🤣

Mine was a sausage factory in Leicester in the freezing cold. Put me off sausages for a while 🤮.

ehizario2012:
Thanks. Does this mean the coding system is dynamic and can be updated anytime or it's at year end? Because I'm asking specifically for someone who might have two jobs, say 27k each, both totalling 54k annually... Would each employer tax @40% or still 20% each? Quite important...

It’s dynamic like you said and can be updated at anytime of the year. In the scenario of the person with two jobs earning 27k per annum on each job. Tax charged will depend on a number of factors, did the person complete a P46 form for the second job? If not HMRC will probably place them on an emergency tax code until they are able to ascertain what the person’s correct position is. They could also be placed on a basic rate tax code which means all their earnings from the second job is taxed at 20% without any personal allowance deduction. Once the combined earnings between the two jobs reaches £50,271, then they will start charging 40% on the second job.

Phenmeson:
Nothing dey happen much in Northern Ireland (Belfast).
But people see that as japa route to Republic of Ireland (Dublin) and start fresh life as UK wahala don cari muscle

Ah ok! I know someone that did the opposite. Moved from Ireland to UK because nothing was happening there. The grass is not always greener on the other side.

ehizario2012:
People, I need some understanding on the way the tax system works here (see screenshot).

If an works for less than £12k in two different places, does that mean s/he won't be taxed at all in both places?

Also, does the HMRC instruct the employer on how much tax to deduct before paying an employee or the employer just decides based on how much salary the employee is earning?

One of the reasons I'm asking is because of that 40% once above £50k...

If they are doing two jobs at the same time, they will be taxed in the 2nd job. They can reclaim the tax back at the end of the tax year if the combined income is less than the personal allowance.

HMRC issues a coding notice to everyone at the beginning of the tax year and they also send a copy of that coding notice to your employer. The coding notice will show your personal allowance for the year and the employer will use this information to determine how much tax to deduct from your wages. If there are any changes in your circumstance eg if HMRC notices that you have two jobs, or if you have incurred some job expenses etc they will issue a revised coding notice.

Phenmeson:
Omo I hope people no go cast Ireland relationship with UK.
D rate wey people dey japa go Belfast cari muscle ooo.
E b say PR for Ireland no too hard unlike here.
Ireland population go soon skyrocket reach Lagos state.

Belfast is park of UK. Dublin on the other hand is in Ireland which is a different country.

Goke7:
Which airline?

I assumed they meant BA.

triplo3:
For all those with AMEX cards, don’t forgot to redeem your Avios points for cheap flights. I just saw one now for £50 (plus 12,500 points) for next year. Lagos to London (one-way).

Which month is that please? All I can see is 30,000 plus £50 for one way.

[quote author=Chefyemc post=127119534][/quote]It could be that the person applied through another Schengen country. You are on the correct website for Spain, so download the form and complete the application.

tushqueen:
Just an update on visa renewal for a child born in the UK but without any passport. Child attended for biometrics yesterday and we just got an email that application was successful

To add as well, while filling application forms, passport was requested and we clicked No passport then different options came up and we chose 'child has no passport as she was born in the UK'.

Thanks to those who replied to the earlier enquiry

Just out of curiosity, what’s the essence of getting the biometric card without a passport? Is it so the years will start counting for the child? The child will still need a passport to leave the country or can they travel on just a biometric card?

jedisco:
That has not stopped hundreds of thousands of immigrants who own miniature properties back home from using a LISA towards their first property.

If one is moving in from Hong-Kong having sold a £300k property, then that's a different spirit from owning a 3million naira piece of land in ones village or a tiny bit of a family house. Ultimately, its for everyone to decide.

At the end of the day, we just need to highlight these things and as you say ultimately the final decision lies with the person.

If they happen to meet an over zealous mortgage advisor, and as already mentioned by Virus, they inadvertently reveal that their deposit is from the sale of a property in Nigeria, yawa don gas for them be that.

On CTL, my mortgage provider used to charge £300 per annum for consent to let and it needed to be reviewed every year. This was a few years ago though so the process might have changed now.

chimexview:
@ticha
@jedisco
Ok clearly BTL is not for me for now so I will go for my own personal home then. So I want to know if there will be restrictions regarding bringing in money from sale of my property back home into youkay? I’m referring to will it be seen as money laundering, and also tax implications? What’s the price range of homes will you advise me to go for and type of home too(flats? Terrace? Semi detached etc)?
Apart from funding my LISA which I intend to fund from my savings back home, What’s the first thing/body I need to get to start this journey?
I’m more than grateful guys for your assistance, more keys to you 🙏🏾

LISA is meant to be for first time buyers. If you already own a home in Nigeria or elsewhere, I’m afraid you do not qualify to fund your UK house purchase through a LiSA. You can use the LISA as retirement savings.

hustla:
They should claim their children abeg

Someone who cannot point to his family house will be tagged Nigerian despite never living in Naija

If they win a Nobel price now, you will be quick to claim them as Nigerians 🤪.

jedisco:
Isn't it 20% rebate (i.e top-up the SIPP provider applies for) for all initially. Then higher rate tax payers can now claim the remaining 20% on the returns.
I.e. 40% tax relief it it's all within the higher rate band- similar to salary sacrifice

Yes the 20% tax relief is standard for every SIPP. I was referring to the additional 20/25% which needs to be claimed back via self assessment depending on whether you are a higher/ additional rate tax payer. Problem is not everyone will remember to claim this back unless of course you are Lexsugs380 😂.

Estroller:
Was going to mention this, Ukay2 wants to have the best of both worlds, allow govt breathe small na 😁. As you have used your LISA to buy a house, you'll stop receiving the 25% top up. It is either you use what you've accrued so far for the house purchase which stops receipt of the bonus or you leave it till retirement and keep enjoying the 25% bonus. Your funds is probably best utilized outside your LISA now.

Are you sure this is correct? As far as I know, he would continue to accrue the govt bonus if he continues to save in the LiSA until he’s 50 irrespective of whether he used some of the money to buy a house.