₦airaland Forum

Bourne007:
Not on the list means no license to sponsor hence home office will notify him on any curtailment of his visa. He will have 60 days to look for another role.

I've seen cases where the sponsor forgot to renew their license and maybe it's the case. Best he checks with HR to get a clearer understanding as to why it's not on the list so it doesn't affect future application(s)

Alexia20:
I am not referring to a particular individual but to the particular skilled occupation that took you to UK eg if nursing as profession is taken off from the shortage occupation list ,what will be the fate of the other nurses that are currently on the visa that are yet to get attain ILR visa.

mizGene:
From the way things work generally, that should only affect prospective nurses.
Take the health and care visa for HCAs, after one year if the home office has met their quota of number of HCAs needed or coming into the country, I don't expect they will then send these HCAs back home again. Logically, they will not just be able to offer visas to prospective HCAs anymore.

Alexia20:
I am currently on a 3 years HCA contract with a care home ,will I be able to renew after my 3 years is up assume home office is not granting visa again which I think will happen in less than 3 years time.what I can still do to remain in UK to attain ILR by then

Alexia20:
I am not referring to a particular individual but to the particular skilled occupation that took you to UK eg if nursing as profession is taken off from the shortage occupation list ,what will be the fate of the other nurses that are currently on the visa that are yet to get attain ILR visa.

Ticha:
Pension and wealth planning for the future - very long read.

To access full pensions, we have to pay 35 years of national insurance to access the full state pension in the UK and in New Zealand, a naturalised Kiwi aka us has to pay at least 10 years of income tax. It means we can't access the full state pension in both countries.
In both places, I doubt if we could live on the pension anyway even if we qualified for it. The full UK pension is about £7k a year so £14k for both of us. Yes, you could potentially access other benefits, but it means from age 65 for women and 67 for men, you’ll be living on approx. £1k a month unless you have savings to draw on. If you have savings of more than £16k, you also can’t access any state benefits either. So we have been planning for retirement.

We have a Global Vanguard All Shares account (the name has changed over the years) - managed by Henderson Securities. We've had it jointly for more than 12 years (husbot for much longer) and have dipped into it sometimes (mainly to pay for IVF). We haven't touched it for years now and the funds have grown exponentially. If we continue paying into it consistently, we should have about £600k worth of shares (yay compound interest) by the time I'm 55 and husbot is 52. To give an idea, we've always paid a minimum of £150 each monthly into it since 2010. Henderson does the investing and taxes on our behalf. We haven't bothered to check what they invest it in, but we picked an aggressive growth fund for a long time and that really paid off (hence using the profits for IVF). Now it's in a mid-range growth fund and will remain there. We have upped our monthly minimum payments to £250 each a month now because we can afford to do so. The SOA comes every March, but we don’t check it or even look at it beyond seeing how much is there when the SOA comes.

In New Zealand - we pay into the government Kiwisaver scheme (pension scheme). I contribute 3% of my earnings and husbot contributes 5% of his earnings, the government contributes $521 every year. We can withdraw our Kiwisaver once we've been out of NZ for 12 months (6 years of payments), so we plan to withdraw it and dump it into Henderson when we leave.
Onto tangible assets – We have property in both countries. I sold my house in 9ja once I realised it was an albatross and put all the funds into a UK purchase. Our UK family home although rented out is on a full repayment mortgage. Thanks to the current property boom (which can also go bust!) we have some substantial equity in it. We also have other BTLs on interest only mortgages. We can always sell one to clear off the mortgage on the family home if needed.

The move to New Zealand has been the best thing for us financially. I have no employer loyalty. No one goes into education to make money as the pay is poor compared to the level of work and qualifications involved. I often jump ship every 2 years because that's the only way I can increase my wages. Wages in education are much higher in NZ than in the UK which is weird (5m v 67m) but good for me!
Anyhow, when we moved to NZ, we took opportunity of the higher wages and saved and saved and saved but buying a house seemed out of our reach. Then we met another couple who seemed to have the same values as us (family, financial, moral you name it). We pooled our resources and we bought a house in our name (we bought first because we had higher incomes and better credit). With property values going crazy, we within 6 months refinanced that property and gifted the cash to this family (basically paid them back their initial contribution and extra) so they bought one too in their name. They then refinanced and gifted us the cash and we bought another in our names.
Because we want to exponentially grow the money, we are demolishing the first house to build 5 new ones and then leverage that to give them enough to buy a 2nd property for themselves. They can choose to develop or hold or sell but we will have both walked away with 2 initial properties each.

It does mean we're financially tight until we finish the build March/ April 2023 (build starts in Oct 2022) but it's for our future financial security so we're totally happy to have a few tight years. It also means I can't help my extended family as much as I used to and boy! am I hearing about it! I've thoroughly enjoyed the consent and planning process for the development. We now have land use consent ad have just applied for building consent. It has been stressful and a huge expenditure but also a big learning curve. I almost decided to retrain as surveyor last year when we got the engineering bill ��. When the houses are completed, it'll be leased to Housing New Zealand on a 5 year repairing lease. The income from the 5 after tax is about the same as my before tax income (imagine fa) so we know we can comfortably live on that should shit hit the fan workwise.

Our current NZ home was bought with retirement in mind. We went for the biggest house on a large land. We also deliberately bought in a medium density zone. Basically, we can build up to 6 four bedroom houses on the land if we demolish the existing house. If we decide not to retire in New Zealand, then that is what we would do in about 7 years’ time. If we choose to retire in NZ (I seriously doubt it) then we'll sell the UK family home and pay off the mortgage on the NZ one. It has bedrooms and a full bathroom downstairs and is disabled friendly – no stairs to access the whole of the ground floor. I have no intention of going into a nursing or care home.

Shareswise - we've now opened targeted growth fund accounts for the children with Lansdown Hargreaves. We pay £100 a month into each child's account. They will get full access at 18. Hopefully, they can use that to pay uni fees, supplement apprenticeship wages, down payment on a house or even go traveling before uni/ work starts.

We have also created a family trust. I look at the truly wealthy and what they have for going for them is generational wealth and good financial planning. In my family, I'm the first to be in a position to actually start building generational wealth. The trust will hopefully go on forever as it's for the direct progeny of my husbot and his siblings (both his siblings have no children and want none) and me and my siblings so it means my nephews and nieces will get payments annually out of it once they hit 21 but their parents can’t access any of the funds. We've currently set it so it can only be dissolved by a court and no beneficiaries can sell assets out of it including us once the asset has been placed in it.

2 reasons we have done this – divorce/ separation for us or our children. Even though we all hope to remain married till death, the truth is that divorce and remarriage happens. The trust is set up to protect the financial interests of all beneficiaries. If either of us divorces, we will continue to be paid out of it. Should any of us re-marry, the spouse will not be able to access any funds from the trust. Same with the children. Stats also show that first generation immigrants usually create the biggest wealth and subsequent generations waste the accumulated wealth. It is very likely that our children will not have the kind of drive we have because they have been born into or have lived in plenty enough to be happy with state handouts in the future. Therefore, they might actually see us as a burden as we grow older and infirm.

So hopefully at retirement, the trust can top up our pension but also ensure we remain at home till end of life and not be a burden on the children.

This is not financial advice. Just sharing what we have done.

jadepinkett:
Hello. Are there people living in Leicester here? How is the town? Is there accessible naija foodstuff?

Lexusgs430:
You get craw craw for bodi ...... ...


Enter African/Asian store . .......

jadepinkett:
Hello. Are there people living in Leicester here? How is the town? Is there accessible naija foodstuff?

jadepinkett:
Hello. Are there people living in Leicester here? How is the town? Is there accessible naija foodstuff?

Lexusgs430:
That town is in an entanglement.........

Viruses:
The city is OK. There are Nigerian supermarkets.
You don't really need to pay more than one month rent.

jadepinkett:
Oh, thanks. What is cost of living like? Any social life or activities? I'm currently in the UK but in SE. Accommodation is expensive here, but don't want to jump in blind. At least, here I can easily get to London, will not be the case if I move

jadepinkett:
Hi. Can you share a link where we can get more info on this and possibly start an investment?

Ticha:
Janus Henderson and Hargreaves Lansdown are just companies/ organisations that people can invest through and they manage your funds for you. We did research and chose the ones that would work for our situation and fit in our plans. There are a gazillion fund managers out there so it pays to really check them out. The manbot has had the Janus one since he was 3 years old and he's now in his 40s (it's now a joint one).

In response to someone else, I added links to read about trusts etc and why people use them. You may have go back some pages to find it.

kode12:
Guys... What's the best way someone unable to get a mobile contract (JJC) can get an unlimited data sim?

OgbeniOptional:
Please Which Janus are you talking about? The one I saw online was founded in 2017 which is about 5 years now? Or is it Janus one and not janus Henderson? Also, which of this organizations is suitable for let’s say £6k monthly income household?

gistbite:
Facebook marketplace. You can get cheap and free stuff there

Ticha:
Henderson was founded in 1934 - https://en.wikipedia.org/wiki/Henderson_Group. Basically my point is that he has been with the same fund managers for over 30 years so they're a known quantity for us.
Hargreaves was recommended by our accountant and tax advisor.

Unfortunately, I can't recommend any fund managers - I do not have any financial services quals to give advice. I can state which ones we use that's all. What works for us may not necessarily work for you.

Ticha:
Pension and wealth planning for the future - very long read.

This is not financial advice. Just sharing what we have done.

Alexia20:
I am currently on a 3 years HCA contract with a care home ,will I be able to renew after my 3 years is up assume home office is not granting visa again which I think will happen in less than 3 years time.what I can still do to remain in UK to attain ILR by then

teeebest:
Elders, please recommend a cream for us. We be Jjc here. Our skins gets itchy and we do get black/dry patches atimes.

teeebest:
Elders, please recommend a cream for us. We be Jjc here. Our skins gets itchy and we do get black/dry patches atimes.

Amarathripple0:
https://www.fonehouse.co.uk/

dustydee:
You can try vaseline gel or dove cream for dry skin. Johnson and Johnson baby oil works too.