₦airaland Forum

Nigerians are animals.

This is how some fuuktards treat a small child?

Honestly, we need to kill many of you fuuktards for the nation to progress.

Mopolchi:
cretinous moronic fücktard, don't quote me. Ídiot!

You are a cretinous fuuktard!

Are you aware now that you a fuuktard?

Have I enlightened you on that fact?

Vikky014:
UR SMARTNESS IS A PROBLEM AS U SAID SO I CAN HELP

https://www.youtube.com/watch?v=7PToYKSonx8

UCL is the take over the highly respected Institute of Education by the end of this year.

[size=18pt]Proposed merger between IOE and UCL[/size]

The Councils of the Institute of Education and UCL have given approval for negotiations to continue on the proposed merger between the two universities.

Subject to these more detailed negotiations and a process of due diligence, it is planned that the two councils be asked to give final approval to the merger at their meetings in October. The formal merger could then be completed in December.

UCL President and Provost, Professor Michael Arthur said: "The driver behind this proposal is academic, prompted by the sense that the world-leading research undertaken by the IOE was highly complementary to many areas of work undertaken by UCL. All the evidence to date has confirmed this to be the case.

"There is genuine excitement within both institutions as we believe this planned merger will deliver significant advances in the field of social science and education, whilst further advancing the work both universities undertake to develop education across London."

Welcoming the decision, IOE Director Professor Chris Husbands said: "The proposed merger is potentially transformational in terms of the long-term security and growth of the Institute and I am pleased that this has been recognised by the members of the IOE Council.

"I would also like to take this opportunity to thank all those staff, students, alumni and other key stakeholders who contributed to the consultation process."

http://www.ucl.ac.uk/news/news-articles/0514/210514-ioe-ucl

Vikky014:
U SAID UR SMARTNESS WS A PROBLEM.SO I CAN HELP OUT

You are struggling to comprehend.

You cannot use your brain to help someone who is a billion times more intelligent than you. You are not smart enough. The help should be the other way round.

It is as silly as a common Nigerian farmer from Zamfara saying he wants to help Bill Gates with his finances.

slzft:
To clarify my previous post, I'm not sure why London Met is listed as one of the better third division universities, given that it is generally one of the lowest universities in most league tables, has one of the lowest average entry tariffs, and has been involved in a large number of scandals.

You are more likely to see a successful graduate of LondonMet, than you will see of Thames Valley university.

The statement does not mean LondonMet is one of the better third division, it just highlights some universities in the third division are better than others.

aguizm:
Is that your dad?

https://www.youtube.com/watch?v=Xu1cdgIhgIM

aguizm:
Fixed oya sagamite enter your cage.There is bone in your plate to chew bingo

https://www.youtube.com/watch?v=-4iVsSn2-_o

Vikky014:
U TOLD ME UR PROBLEM!AND I WANTD TO HELP U SOLVE IT.

You are not in a position to help people who are way smarter than you.

You should be asking for their help.

Mopolchi:
Ok. Morónic fücktard you have won, carry the cup. Yeye pesin. Can anything good other than fück come out from a fücktarded brain of yours?

You are a cretinous fuuktard!

Do you commiserate with them?

Moronic ediot! And you have a right to vote?

E no go better for democracy.

Vikky014:
DTS A VERY BIG PROBLEM.SO CAN I HELP YOU?

No.

That should automatically mean you can't help me and I don't need help.

One would expect you to be able to deduce that.

Vikky014:
wht is ur problem youngman?

My problem is that I am a billion times smarter than you.

mcshol:
I give up on u. Ur case is an unfortunate one.

Your case is that of a cretinous fuuktard!

Mopolchi:
Mr fücktard I never supported Alamieyesegha. I only commiserated with him on his son's death. If you're fixated about that, sorry about that. Death is not something to laugh about; it is like a rain which falls on the roof of all and sundry. It could be yours next, who knows? I wonder how fücked up your soul'll be looking at people laughing about your demise, morónic fücktard. On a serious note, don't quote me again in your fücktarded life.

You are a cretinous fuuktard!

How many of the Bayelsans that die of treatable illnesses did you commiserate with?

When they die on average at 54 after a miserably poor life, do you commiserate with their family? Or you just think "Well, that is Nigeria"?

But you are quick to commiserate with the cretins that cause such a life?

And you are saying someone else is fcked up?

You are a cretinous fuuktard!

SirShymex:
Transportation and lunch are the biggest killers. Especially when you work in the city. Then you have student loans.

But for contractors, you won't always get jobs where you live. Sometimes, it might be out of town. And with that, you won't really get the same offer as London. And you have to foot ya accommodation money - though it will part of the expenses in the final breakdown. But the money is far better, bar the dormant period when you have to keep searching for new offers.

Normally, out of town contractors charge extra to cover renting a room for £400 a month. Instead of £500, they might get £525 or £550.

You get the same offer as London.

The only differences in contracting are:

- Size of firm

- Public vs Private

Public sector usually pays shyt compared to private. And the bigger the firm, the money they are likely to pay would be more.

mcshol:
damn, who let this dog out. Back to ur cage bingo.

Mopolchi:
Am sorry for you. It seems that you're mentally deranged. Your obsession with fücktard has one implication and that is: Being a morónic fücktard is in your lineage and there's nothing we in Nairaland can do to help you, morónic fücktard.

You are dumb fuuktards.

Can you now see how dumb you are?

A brain is supposed to be used, not parked.

It was fuuktards like you that were jubilating euphorically when Alams arrived in Bayelsa after running from money laundry case in London.

SirShymex:
Great. That is why you always need an accountant lol.

Initially, I thought you would just pay taxes on the min. Wage and that is it. That would have been some cool money, and denying Queen Eliza her entitlement. And you know messing with her money is suicidal lol.

Thanks a lot.

I forgot to add that the permanent staff still has to pay for his lunch and transportation from the £39,000 (that is, the cost of these comes after tax is taken). So compared to the £55,016 the contractor has to spare, if the permanent staff lives next door to the contractor and eats the same lunch at work, the permie would have only £28,400 to spare in comparison.

We have not even talked about other expenses.

The contractor would be laughing to the bank.

jaybee3:
Oga sagamite, abeg come employ me
Make me sef collect the 8k per month

Why you dey sell yourself short?

You IT guys make £1000 per day. That is £20K a month for you na.

SirShymex:
Thanks a lot. I get it now.

How about it if your reg yourself as the only director and shareholder?

That is the norm anyway.

- You are the sole director.
- You are the sole shareholder.
- You are the sole employee.

The director is just a registration of the company and who takes blame for any wahala with government.

The shareholder is for you to get the dividends.

Employee is to show who is doing the work and paid salary and has his expenses paid.

The expenses is a big part, as it is like if your firm pays for all your transportation and lunch. That is significant considering the cost of a monthly Zone 1-6 travel card. Imagine the savings you woould make if your company pays for transportation to work and lunch. We are not even talking about others like anti-virus software for you computer (which of course is now "company" computer), part of your rent (because your sitting room is now "company" office), printer catridges etc.

So lets take your £8,000 a month scenario. And the contractor works 10 months a year, that is £80,000 a year.

Remove £700 a month salary, that leaves £73,000 left.

Remove cost of travel from Zone 1-6 at £220 per month, that leaves 70,800 left.

Remove cost of lunch at £7 per day, that leaves £69,400.

I will not bother with other expenses which can remove a bit more as well. It is the 69,400 you pay corporate tax on at 20%.

That leaves £55,520 the contractor would have as dividends. If this is taxed at lets say 20%, the contractor pockets £44,416.

Now considering he has already paid himself £7000 and all the expense benefited his cost of living, add the £10,600 to this. You get £55,016.

Effectively paid tax of about 31% without any advanced accounting practice. It would be way lower.

Their equivalent as a permanent staff would probably be making about £55,000 a year and taking £39,000 home after all the taxes and NIC (assuming no student loan repayments and pension sacrifice).

SirShymex:
I know how company tax works.

However, with what you just posted. That means you won't declare your source of income if you are basically going to put minimum wage in there, when you are earning far more than that. I get it now.

Wonlasewonimi has already answered.

You are declaring your source of income, you are just structuring it to favour you. It is called "tax avoidance", which is legal. "Tax evasion" is what is illegal.

You have declared your source of income as:

- Salary
- Capital gains/dividends

The £8,000 is being paid to your company as revenue, not you as salary. It is perfectly like paying Accenture, who then pay out of it to their staff as salary and the rest as dividends to their shareholders. In this case, you are the minimum wage staff AND the shareholder.

SirShymex:
Thanks a lot. That is pretty good for a certification you can pick up quite easily.

However, I believe most companies who employ contractors, also have in-house testers that would corroborate/inspect whatever the contractor is doing. And I know experience/expertise is very important in the IT field. Coupled with the fact that I did basic programming/software testing in Uni, and even with that, you have to know what you are doing and you can easily be exposed. Hence I asked if the contract can be terminated if the contractor doesn't meet up to required standard. It is basically difficult to fake what you don't know, and with an in-house expert supervising your work, you'd be exposed easily. With any field in IT - it is either you know or you don't, and you have to be able to put your expertise into practise. I think only those in the Project Management field who basically with a lot of paper-work and methodologies can pull it off without expertise/experience. Heck, even with software/system designers, you have to understand more than just the basics.

That would be a question for coogar.

SirShymex:
Also, when you earn £500 a day, even if you are self-employed, that should automatically put you in the higher tax bracket. And your taxes should be above 30% monthly. I don't think it is easy to manipulate over £8,000 pm in earnings. Perhaps only if the company keeps a stringent privacy policy. And I doubt they can do that with HMRC.

Finally, there is a new scheme where you can be self-employed as an employee. And with this scheme, you deal with your taxes, expenses, and N.I deductions by yourself.

I just need more clarifications. Thanks.

No, not really.

You set up your own company, hire yourself.

You pay yourself monthly minimum wage or the most basic. Which will mean you pay:

- zero income tax (as your salary would be under £10,500 per year)
- zero NIC
- zero student loans repayment

So out of that £8,000 per month, your salary would be about £700 a month.

The remaining money, you pay yourself as corporate dividends.

For that, you pay capital gains tax on this corporate dividends, which might come to about 22% of the remaining money after you pay corporate tax on the revenue.

All this tax is after you have removed your cost for travel and lunch. So those two plus your salary are tax free.

MoyoGENERAL:
A Youth Corper by name Abayomi Isaac Oyebukola is being accused of absconding with about N2.3m given to him
to share among 144 corps members in Osun State.

He is a Batch ‘C’ corps member, serving in Iwo LGA of Osun state with NYSC state code no is OS/13C/1402. He is
the Corper Liaison Officer (CLO) as chosen by the NYSC Local Government Inspector (LGI). Abayomi is a graduate
of the department of English from the University of Ibadan.
He has since been ‘at large’ with $14,400 given to him on the 9th of August 2014 by political parties that
participated in the Osun state gubernatorial election as a largesse to the 144 corps members of the local
government that participated in the election which amounts to $100 per person.
Abayomi was seen by some of his friends in Ibadan with claims from them that he has bought a car and said he
will collect his NYSC discharge certificate through the back door.
The NYSC officials reportedly do not want it to be brought to light but the aggrieved corp members are scared he
may end up getting his discharge certificate and later on become a political figure and in time steal from
Nigerians.

source
http://corpr./2014/10/13/corp-member-allegedly-absconds-with-n2-3m-meant-for-144-corpers-in-osun/?utm_source=&utm_medium=facebook


http://dailypost.ng/2014/10/14/nysc-corps-member-steals-n2-1m-meant-144-corpers-osun/

www.nairaland.com/attachments/1781429_2014101322582082700836_jpegf5ef97efefd507f144bdb76e99c8912c

Some of this fuuktard product of a failed education system don't realise how the world has changed and is changing.

This cretin just destroyed his life and future for $14,400.

Anytime is name is googled for employment, business or even courting reasons, this is what people would find.

Dumb as fck!

SirShymex:
@Coogar, wonlasewonimi, and sagamite

I've been following the debate since yesterday, and I just didn't want to jump in because I don't know much about the Software testing market. But I do know a lot of naija and Asian folks are in it heavy. Also, it seems it's like one of the easiest fields to get into in the IT world, to earn something decent, without necessarily having a background in the field.

Anyway, I'll like to know why contractors earn far more than those on permanent wages, and rightfully so. I know Junior Testers don't earn more than £24,000 pa max. And Senior Testers should be around £40,000 pa. Is it because the contract can be terminated if the company isn't satisfied with the services rendered? And are there guarantees on such contracts?

Contractors earn far more because they operate under hgher employment risk than a permanent staff and they actually cost less overall.

A contractor is a flexible resource that can be let go at short notice by a firm. Most times, the company needs give less than one month notice even if the contractor still has longer than that on their contract.

A permanent staff is far harder to let go. The organization would have to make redundancy pay and follow processes well aligned to labour laws. These are time consuming and can cost depending on the years of service.

Hence the high daily contracting rate factors this risk of unemployment into the pay attractiveness. Most contractors work about 8 months a year (working days only, not weekends), some are lucky to do like 11 months. The high contract rate is partly to cover for the risk of gaps in employment of between 1 month to 6 months.

Also, the contractor might have rare specialist skills. Skills only needed for a short while, not a permanent basis. Specialist/rare skills have a premium.

Another issue adding to the high pay is that contractors don't get any benefits like pension, car allowance, healthcare insurance, life insurance etc that companies provide for staff at their level. The high contracting pay is suppose to provide them with funds to get that privately. This for a permanent staff can be worth about another 15-20% of their basic salary.

Companies have to pay certain taxes and charges for permanent staff dependent on (or as a % of) their salary throughout the employment of this staff, e.g. National Insurance Contributions, maternity/paternity leave, PAYE. This can add another 20% (I think) to the cost to the employer annually. These taxes, and charges they do not need to pay for contractors.

Finally, companies deal with all the accounting responsibilities of their permanent staff. These cost money they pay Accounting firms for, as they are very complex (more complex, the more the staff works internationally). Contractors deal with this themselves privately and at their own cost.

These are the core of the reasons why contractors are paid far more. It is high paying, but normally cheaper on the long run for employers.

Contractors also benefit as they can structure/manipulate their accounting to ensure they pay very low tax. Typically, a contractor only pays about 15 to 25% tax from their pay (which is treated as revenue). And this is after claiming all their lunch and transportation costs as tax deductible (that is, a business expense they do not have to pay 15 to 25% tax for).

It is a win-win for firms and good/lucky contractors.

coputa:
your theory lacks logic

To the fuuktard, that is "FACT"!

Mopolchi:
I know that your father is a fücktard and your mother is a móron. And you are the mixture of the both, which is móronic fücktard.

You are a cretinous fuuktard.

How can my father be a fuuktard when his heart is not with criminals destroying your life like yours and your father is?

Sunofgod:
Your mother is a well known fuuktard . . . .go ask your dads brother!
Cretin!

You are a cretinous fuuktard.

How can my mother be a fuuktard when she did not procreate a fuuktard that pulls "facts" from out of his arsse?

saintandsinnerz:
Educated illiterate! Go back to school so that at least you can learn sentence construction

You are a cretinous fuuktard.

This is coming from a moronic fuuktard who is challenging people that how is public funds theirs?

I should be the one to go back to school?

You are a moronic fuuktard that needs his brains smashed with a hammer.

mcshol:
u feel u are all intelligent and wise right. U are only being a fooool. Don't ever quote me in ur entire miserable life. Sometimes I wonder if u were given birth to by a woman. Oh I forgot, u were given birth to by a goattt. Blooddy idioot.

You are a cretinous fuuktard.

Who was born by a goat? Moronic c*nt!

We can see your "love" is only for those that are destroying your life. Moronic fuuktard! That is how stewpid you are. That is your moronic "christianity".

Dumb baastard that needs to be killed so Nigeria can develop by not having such a foool have a right to vote.

kekakuz:
fixed
amen

Another fuuktard that only prays for those that destroy his life.

You should be taking to a bush and shot for your idiocy!

Tonylyte:
Brainless gay. My faeces is more intelligent than u.

Fuuktard, you are confirming your brain is actually faeces?

I guessed as much.

Unibenstudent:
If U Are Given 100 Million Naira To Denounce Ur Faith,will U? I can never agree to denounce xtianity.Never?

I would denounce it sharp sharp for N100K.

12inches1:
I have no pity or sympathy for the child of a known corrupt politician. I wish no fellow human death but if it happens that the angel of death visits the child of a known political thief that has deprived millions of a better life, I turn my face secretly to the heavens and smile.

Chop knuckle.

eleko1:
His mate wey him papa rendered jobless are busy selling Gala in traffic here while he travelled abroad to enjoy'ed' d ill-gotten wealth.U can see his yuppie shot.God will not sleep

Well said!

While people suffering and as skinny as a stick like pendusky would be praying for them.

akeem0502:
If I was Alams son I would have come out openly and discredited my father, I won't go ahead and flaunt my father's ill gotten wealth. Screw him even in death, this would serve as deterant to other thieves

These cretins think some of us are not born with principles.

akeem0502:
If you only knew how many have died because of the road that should have been fixed but DSP stole the money then you will know that no one in that family deserves RIP. As at the time DSP was leaving office in 2006 only 2 petrol stations were in the whole of Bayelsa. The number of mortal fatality was so high because hospitals were not equipped, money meant for this were stolen by DSP, well I don't think he deserves RIP, all of them deserves the hottest part of hell

Fcking well said!

Don't lets count the many killed by stray bullets of criminals calling themselves Niger Delta Militants.

mcshol:
My God. May his soul rest in peace. People. Somone died, atleast RIP won't take anything from you. How do we develop as a people when we don't even love one another. You call yourselves Christians, yet u hate ur fellow man. To d extent of being happy at his death. What makes u different from the Jews who crucified Christ. I weep for my nation. We still have a long way to go. No matter the technological, economical or whatever feat we achieve, we would always remain backward as a nation. The love is not there. Shame

You are a cretinous fuuktard!

Some of us don't want to develop into the brainless black monkeys your likes and pendusky have developed into.

InvertedHammer:
/
Only the living feels the pain of a dead relative.

So...this punishment is for Alams.

All those people who died by your omissions or commission in poor Niger Delta communities are crying unto Lord for vengeance.

No rest/peace for the wicked.

I have no sympathy for Alams and his family. After all, we shall all die too.

E too sweet na im dey kill pass. As una dey enjoy looted fund abroad, God don award penalty against your side.

Make I no hear say IBB return from Germany hale and hearty o.

/

Well said!

E go better for you forefathers and future generations.

Any potential misfortune in your lineage, I remove with prayers and transfer to pendusky's lineage.

May Alams watch all his lineage suffer and die faster than the people he destroyed their lives and want to continue destroying their lives.