₦airaland Forum

justwise:
I preordered a fraction already just to see how the market reacts when it goes public…. I will sell before November midterm election

Cyberknight:
That's a good way to go, I'd say.

Lexusgs430:
https://www.msn.com/en-gb/news/uknews/two-charged-with-murder-of-devoted-father-outside-lewisham-nightclub/ar-AA25ch6M?ocid=sapphireappshare

Very sad on all fronts......

Lexusgs430:
Are you sure a non sale clause disclosure might not be in the agreement...... 😁😂

Fred2020:
Ironically, many of the most extreme crimes and security-related offences are often committed by individuals who entered through immigration routes other than skilled work or student visas. Yet public and political attention frequently focuses on the latter groups.

Most people are unlikely to spend £25,000 or more on visa fees, relocation costs, and education only to jeopardise their future through criminal or extremist behaviour. Likewise, those working long hours, paying taxes, supporting themselves without recourse to public funds, and managing everyday financial responsibilities generally have little time or incentive to engage in radical or unlawful activities.

When the british public understands this, they can better tackle the issue from its root cause

Cyberknight:
It is indeed. Poor little children left fatherless.
I gather that the Tories are loudly calling for the return of stop and search targeted at "people most likely to offend", so apparently black men and boys who walk the streets of London will have to get ready.

Lexusgs430:
Are you sure a non sale clause disclosure might not be in the agreement...... 😁😂

Cyberknight:
It is indeed. Poor little children left fatherless.
I gather that the Tories are loudly calling for the return of stop and search targeted at "people most likely to offend", so apparently black men and boys who walk the streets of London will have to get ready.

justwise:
I doubt, even if that is in place it will not hold longer than 6months then I will get rid of it. Elon is a liability, I regretted holding my Tesla position for 5yrs.

justwise:
Again in some ways its an investment , if i burn my house down i will be getting some money from the insurance company either for the content or for the actual house.

labiola:
Good evening brothers and sisters.

This is an SOS message to everyone who can be of help. I applied for Morocco evisa with my wife as we planned holiday in August. The mistake we made was to book for Hotel and flight without applying for visa. It was after then we applied and denied. I was so surprised because I didn’t envisage anything like this could happen.

I am at the verge of losing about almost £800 because of this mistake. Our current visa will expire in November before applying for ILR. I have written to Morocco embassy to request for reason for denial but no response. It appears that we are suppose to have 180days minimum before our current visa expires.

Please is there anyone who has experienced this before ? How did you resolve it? What are the options that are available for us to get refund from Airline and hotel as we didn’t have insurance.

Please help your brother .

Santa2:
I have family in the US where I I saw firsthand how insurance changed the trajectory of the lives. They were comfortably middle class , uncle died in 2006, 3 kids were in uni then, the insurance payout (about $1M) was invested wisely by my aunt and they still continuously reaping from the proceed investment from that payout. My cousins now have their own kids and that insurance payout from 20yrs ago ensured they didn't down grade their lives but upgrade it after the breadwinners death. For me the approach is insurance and investment. Diversify the portfolio

Fred2020:
personally think SpaceX is overvalued. Much of its valuation appears to be based on the assumption that it will become a global juggernaut and maintain a dominant position across multiple space-related industries globally.

While it undoubtedly has a significant technological lead today, many countries are becoming increasingly cautious about relying on U.S. companies for critical infrastructure. As a result, I doubt SpaceX will be able to capture as large a share of international markets as some investors expect. This is very different from the dot-com era, when U.S. technology and software were adopted globally with far fewer concerns around sovereignty, resilience, and strategic dependence.

I also think geopolitical fragmentation is likely to persist long after Trump leaves office.

Santa2:
I have family in the US where I I saw firsthand how insurance changed the trajectory of the lives. They were comfortably middle class , uncle died in 2006, 3 kids were in uni then, the insurance payout (about $1M) was invested wisely by my aunt and they still continuously reaping from the proceed investment from that payout. My cousins now have their own kids and that insurance payout from 20yrs ago ensured they didn't down grade their lives but upgrade it after the breadwinners death. For me the approach is insurance and investment. Diversify the portfolio

Lexusgs430:
https://www.msn.com/en-gb/news/uknews/two-charged-with-murder-of-devoted-father-outside-lewisham-nightclub/ar-AA25ch6M?ocid=sapphireappshare

Very sad on all fronts......

Zahra29:
.....

My advice would be to ask this on one of the numerous Reddit housing /property investing sub pages - you'll definitely get broad perspectives and solid insights to help you. All the best.

Cyberknight:
There's nothing wrong with opting out from your NHS pension scheme if you need the extra money in the here and now as opposed to when you've retired. As long as you understand what you're doing. Some people opt out because they're trying to save for an expense they need to meet, others because the extra money is needed to make ends meet.

Basically, the UK has a 3 pillar pension regime, as opposed to Nigeria where we had just the one. The 1st type of pension is the state pension, which everyone who has worked for up to 10 years in the UK will receive from the government at retirement age. This is the one which in theory your payment of taxes (NI is just another tax) entitles you to. That amount is set at a level to cover recipients' basic living costs and assumes that recipients are no longer paying rent or a mortgage at pension age. It's currently about £12,500 for those who have worked and paid tax in the UK for 35 years. The amount people will receive varies by how long their working life in the UK will be, and if you can get state pension "forecasts" letting you know how much you can expect as the state pension when you retire based on your current age. You can't "opt out" of the state pension by deciding not to pay NI.

The second type is the workplace (employer-run) pension scheme in which your employer deducts from your pay a fixed amount and adds its own fixed percentage and puts that in a retirement scheme in your name. This is the one we've got in Nigeria, and that's what your NHS pension scheme is. You can opt out of that one and save the monthly contribution you make every month, as long as you understand that this means that you will also lose the employer contribution and the tax relief as well and will only be building up an entitlement to the state pension.

And as you will be aware, the public sector pensions schemes (NHS, civil service, council, police, forces, etc) are known as gold plated pensions schemes, because they are final salary pensions and are backed by the government, which has a great deal of credibility.

The 3rd type is a private pension. Self -employed people who work for themselves and as such only have entitlement to the state pension and some employed high earners who want to reduce their tax bills can set up private pensions and pay money into them. Private pensions also have tax relief on contributions, but of course do not have employer contributions.

The important thing to understand, as per the chain of discussions in this thread is:

1. You can opt out of a workplace pension, but it doesn't make sense from a financial perspective to do so in order to set up a private pension because you lose the employer contributions (and if you are working for the NHS those are very good).

2. If you desperately need the money you are paying as contributions from your salary now and have no other way to raise it, then of course it also makes financial sense to opt out and use that money now. However, before you decide, it is advisable you consult with someone to understand what the exact pros and cons are, how long you will retain your benefits (if at all) when you're not contributing, etc. Benefits include the death in service provision, which is effectively life insurance, whereby if you die the pension scheme pays a lump sum of a multiple of your salary to your beneficiaries, for example.

Given the quasi-guaranteed nature of these schemes for public sector employees and the high (notional) employer contributions you get from the government, in most cases you'll be ultimately financially better off picking up extra shifts or getting an additional part-time job if you can than opting out of the NHS pension scheme.

justwise:
Rather than stopping it ...maximise it so that NHS will match it, it's pretty much free money.

ehizario2012:
Thank you very much sir. This is a concise summary. Regards. The future is long time away though, and I've been reading that one can access the funds even if not living in the UK anymore at that time. But there's a lot of uncertainty!!! Another angle is that the age might be increased from 67 in the near future... For us under 40, it looks like opting out is a sensible option too. It's a really difficult decision right now...

jedisco:
Interesting...its usually a nice bedrock when it works. It doesn't bring back the dead but gives their offspring a good headstart

justwise:
[/b]

Yup...the living gets richer the moment you are 6fit down under...basically you dying is someone's prayer point ....

ehizario2012:
Thank you. While I agree uncertainty and risk is an integral part of investing (pension) in this case it seems very very significant. Out of a group of Nigerian friends in the NHS trust, I'm the only one still left on it.

Mcleo007:
Does that still apply, even if it involves family?

ehizario2012:
Thank you very much sir. This is a concise summary. Regards. The future is long time away though, and I've been reading that one can access the funds even if not living in the UK anymore at that time. But there's a lot of uncertainty!!! Another angle is that the age might be increased from 67 in the near future... For us under 40, it looks like opting out is a sensible option too. It's a really difficult decision right now...

HollyMadison:
Hello all, please I need a letter from the Nigerian High Commission in London. Please who knows how I can go about it, Can I just go there and ask for the letter?

ehizario2012:
Thank you very much sir. This is a concise summary. Regards. The future is long time away though, and I've been reading that one can access the funds even if not living in the UK anymore at that time. But there's a lot of uncertainty!!! Another angle is that the age might be increased from 67 in the near future... For us under 40, it looks like opting out is a sensible option too. It's a really difficult decision right now...

ehizario2012:
Thank you. While I agree uncertainty and risk is an integral part of investing (pension) in this case it seems very very significant. Out of a group of Nigerian friends in the NHS trust, I'm the only one still left on it.

Mcleo007:
This is one of many reasons I opted out. With how these people are so quick to shift the goal post, there is no telling they can't push the age to even above 70. I mean, once upon a time, the age of retirement was 60-63.