Lexusgs430:



Una no wan spend una money, during una working life. ..........

If we no see retirement age nko ........😜😢😭

I de spend my money de enjoy life jare ....through FREE CASH FLOW from investments

ukay2:


l do NYSE stocks with S&S ISA

I am already on NHS pensions.....won't SIPP want me to take my NHS pension contributions to SIPP?

l am currently happy with the NHS pension contribution

No, your SIPP can be a standalone portfolio. See it like your S&S ISA but with a benefit of a tax rebate at your marginal tax rate as highlighted by jedisco and lexusgs430. It has no flexibility like your s&s Isa though, as the standard pension rules wrt withdrawal applies, and the income you'll draw from it outside the 25% lump sum will also be subject to tax at whatever rate you pay your income tax.

Abeg I just Dey see ISA left and right, I have like spare £10k to invest in a low risk package, where is my best bet please as I’m a student currently

Akorkor:


Which of the bank will you recommend? Seen Natwest, royal bank of Scotland in the comparable website but I want first hand advice

Investing in ETF's, stock market....... Would guarantee you better returns (over long term investment).......

Remember, the value of your investment can raise or fall..... Even Viagra, might not rise it .........🤣😢😭

Lexusgs430:



Investing in ETF's, stock market....... Would guarantee you better returns (over long term investment).......

Remember, the value of your investment can raise or fall..... Even Viagra, might not rise it .........🤣😢😭

Thanks

Mosme:
Hello everyone

Please I need someone to explain the immigrant children in school rule and public funds.

Let's say I have 3 children one is 5 years the other 3 plus and 2 plus

Which one is eligible for free school and for the others what are they eligible for, how do I go about it and how do I avoid public funds. Tier 2 visa is my status

Thank you

5 year old - "free school" already of school age
3 year old - "free" 15 hours in nursery, 30 hours if you or your spouse have ILR
2 year old - nothing, but you can get 15 hours if your household income is below a certain threshold, not sure of the figure now.

Funding for 2 year olds will change at some point in this new tax year.

Blurpy:
Abeg I just Dey see ISA left and right, I have like spare £10k to invest in a low risk package, where is my best bet please as I’m a student currently

You can open a stocks and shares ISA and choose an index fund or etf to invest in.

Estroller:


No, your SIPP can be a standalone portfolio. See it like your S&S ISA but with a benefit of a tax rebate at your marginal tax rate as highlighted by jedisco and lexusgs430. It has no flexibility like your s&s Isa though, as the standard pension rules wrt withdrawal applies, and the income you'll draw from it outside the 25% lump sum will also be subject to tax at whatever rate you pay your income tax.

Thank you.

The benefits from NHS pension is more than the SIPP in long-term. Prefers additional contributions to the NHS pension

Akorkor:
My people, please advice on the best kids savings account with good interest for child saving. I don’t want ISA o. @Lexusgs430 , madam ticha and all financial experts in the house

Savings account and "good" interest rate na aberration for this UK o. Since it's for a child, best to put the money to work in the stock market. Oga lexus don give you pointers already.

ukay2:


Thank you.

The benefits from NHS pension is more than the SIPP in long-term. Prefers additional contributions to the NHS pension

Nah crime to dey collect money from plenty sources (at retirement age)......🤑

Lexusgs430:



Nah crime to dey collect money from plenty sources (at retirement age)......🤑

No...

For those not understanding what ISA and LISA means as i was in a group and most people are a bit confused what this is about. Just want to simplify it here. Elders in the house can also input further explanation.

ISA and LISA are two types of savings accounts that allow individuals in the UK to save money with tax benefits. Here's a simple explanation of how they work:

ISA (Individual Savings Account): An ISA is a savings account that allows individuals to save money without paying any income tax or capital gains tax on the interest earned. There are different types of ISAs, including cash ISAs and stocks and shares ISAs, and individuals can save up to a certain limit each year.

LISA (Lifetime ISA): A LISA is a type of ISA that allows individuals aged 18-39 to save up to £4,000 per year and receive a government bonus of 25% on their savings, up to a maximum of £1,000 per year. The money saved in a LISA can be used to purchase a first home worth up to £450,000 or can be withdrawn tax-free after age 60 for retirement.

Both ISAs and LISAs are a great way to save money and earn tax-free returns, but it's important to understand the terms and conditions before opening one.

ukay2:


l do NYSE stocks with S&S ISA

I am already on NHS pensions.....won't SIPP want me to take my NHS pension contributions to SIPP?

l am currently happy with the NHS pension contribution

From what I gather, passive index funds have been proven to outperform individual stock picks or actively managed funds in most markets for a significant majority or people moreso over the longterm. What has been your experience with your picks?

NHS pensions are great but have been cut down over the years with current schemes. It's a defined benefit scheme so it's more like you're paying for a subscription and what you get is not a direct link of what you put in unlike other kinds of pension. Also, from what I gather, the sweet spot for NHS pensions is for low to mid earners. For high earners, its not as good as portrayed.

Whether you have a SIPP or LISA depends on your individual circumstance. If the NHS pension would sustain your required lifestyle in later years, then that'd suffice.
For mid-high earners, a combination of government pension, SIPP and LISA can be a good mix as they all have areas where they excel the most.

Please who has requested for the refund of IHS after 6 months in Uk? Please share your experience.

Thanks so much

Estroller:


You can open a stocks and shares ISA and choose an index fund or etf to invest in.

igbsam:
For those not understanding what ISA and LISA means as i was in a group and most people are a bit confused what this is about. Just want to simplify it here. Elders in the house can also input further explanation.

ISA and LISA are two types of savings accounts that allow individuals in the UK to save money with tax benefits. Here's a simple explanation of how they work:

ISA (Individual Savings Account): An ISA is a savings account that allows individuals to save money without paying any income tax or capital gains tax on the interest earned. There are different types of ISAs, including cash ISAs and stocks and shares ISAs, and individuals can save up to a certain limit each year.

LISA (Lifetime ISA): A LISA is a type of ISA that allows individuals aged 18-39 to save up to £4,000 per year and receive a government bonus of 25% on their savings, up to a maximum of £1,000 per year. The money saved in a LISA can be used to purchase a first home worth up to £450,000 or can be withdrawn tax-free after age 60 for retirement.

Both ISAs and LISAs are a great way to save money and earn tax-free returns, but it's important to understand the terms and conditions before opening one.

Thank you
Well explained
Now, I can flow with the ISA-LISA thing flying around

But can this kinda savings account be used as proof of fund? I mean, if one wants to invite mother inlaw for omuguo? Or is it restricted for only mortgage blah blah

Please how much is POF required to invite Parent or Sibling to the UK as a resident?

Good afternoon and Happy Easter everyone!

May our prayers ascend fast because our saviour is risen!!!

rinzylee:
Please how much is POF required to invite Parent or Sibling to the UK as a resident?

Good afternoon and Happy Easter everyone!

May our prayers ascend fast because our saviour is risen!!!

Even with £0.00...... You can invite ...... It's not about bank balance.......

Just ensure say, you no dey live on overdrafts.......🤣🤑😁

Lexusgs430:



Even with £0.00...... You can invite ...... It's not about bank balance.......

Just ensure say, you no dey leave on overdrafts.......🤣🤑😁

That will not work, how will take care of extra person if you have nothing in your account?

You can have your credits though. All you need is show that your guest would not have to resort to public funds for accommodation or feeding.

justwise:


That will not work, how will take care of extra person if you have nothing in your account?

Lexusgs430:



Even with £0.00...... You can invite ...... It's not about bank balance.......

Just ensure say, you no dey leave on overdrafts.......🤣🤑😁

LIVE or LEAVE?


There's a salary cap right ??


Really at £0??


Does the invitee need to be buoyant??

rinzylee:
Please how much is POF required to invite Parent or Sibling to the UK as a resident?

Good afternoon and Happy Easter everyone!

May our prayers ascend fast because our saviour is risen!!!

Budget at least £2,000 and submit payslips and bank statement to support your source of income.

rinzylee:


LIVE or LEAVE?


There's a salary cap right ??


Really at £0??


Does the invitee need to be buoyant??

Live ni jàre ...... Pixel dictate failed me (not made for thick African voices).......🤣😁

justwise:


That will not work, how will take care of extra person if you have nothing in your account?

The amount earned is more important, than bank balance (you should know this).......

It's a more holistic and rounded approach, that's more important......

bigtt76:
You can have your credits though. All you need is show that your guest would not have to resort to public funds for accommodation or feeding.

Your head get better juicy crude oil ........🤑🤣😁

Lexusgs430:



Live ni jàre ...... Pixel dictate failed me (not made for thick African voices).......🤣😁

Haha.....I go apply to be ielts examiner.


Nawa o... This overdraft thing looks appealing o. 😂

Borrow 1k for 30 days. Interest accumulated £28

justwise:
[b]

Budget at least £2,000 and submit payslips and bank statement to support your source of income.

Oh thanks man.

Does the Parent need to be financially buoyant?

rinzylee:


Haha.....I go apply to be ielts examiner.


Nawa o... This overdraft thing looks appealing o. 😂

Borrow 1k for 30 days. Interest accumulated £28

OD is a very good addition, to any account (just Incase)........🤣😁

Even Monzo/starling offers OD ........😜

Lexusgs430:


OD is a very good addition, to any account (just Incase)........🤣😁

Even Monzo/starling offers OD ........😜

Na to go find business wey get quick turn over of say 60 days , borrow , do business, turn it over and pay back.


Baba you sure say you no dey use OD

😉

rinzylee:


Oh thanks man.

Does the Parent need to be financially buoyant?

NO ......

It's not about the retired parents, but the sponsor...... I repeat, with £0.00 bank balance...... You're good ....🤑😁😜

Lexusgs430:



The amount earned is more important, than bank balance (you should know this).......

It's a more holistic and rounded approach, that's more important......

I disagree, amount left at the end of the month is even more important. if you got nothing left at the end of the month how will you be able to invite someone who will ultimately depend on you financially?

rinzylee:


Na to go find business wey get quick turn over of say 60 days , borrow , do business, turn it over and pay back.


Baba you sure say you no dey use OD

😉

I am a very proud OD user ....... Do you know what it means to have over £5000 OD (resting pretty).....🤣😜