Lexusgs430:



Let's assume the person's estate is worth £700,000.......

HMRC bring bill of £170,000.......

Life insurance payout is £250,000........

Change go remain sef .........😂🤣😜

Thank you for this....

Lexusgs430:


Reasons ..........

It's the easiest way to pay inheritance tax ........😂

How?

I would be happy to learn this too

justwise:


One thing i will never get. I understand that its one of the generational wealth tools but i will not take one.

Any reason for this please?

descarado:


You be oga na

But if there is increment that's unusual, check to see where its from.
Father Christmas paid unexpected visit to some people this month.

Where is the increment please

This HUNT's BUDGET yesterday makes sense.....

Lexusgs430:


Join (without thinking thrice)........ The ROI offered, you would not make, investing yourself (considering all the extra perks).......😂🤪

Exactly....well said

Focus99:
Is this applicable to students on tier 4 visa?

I think anyone with a national insurance number should benefit from it ....

seunpinky:


People no dey hear word, the pressure and quest to appear rich is putting people in unnecessary debts in the abroad.. A friend landed Canada some months ago and he was trying to convince me on why buying a car on financing is good. I asked him one simple question, if you were in Nigeria, would u be able to afford this car? He said No, I asked so why do u think u need it now. This was 2 months after he landed in Canada ooo.

Two key words are my mantra:
Delayed gratification
Budgeting

l de tell you....l asked the guy if he has maxed out his £20k ISA account for NYSE stocks as April is fast approaching and he said he has not opened the ISA account l told him to open since January 2022 and cannot save anything because of the car financing taking out £600 per month for the next 4 years. He has learnt his lessons (101)....

Lexusgs430:



You know it's a lovely thing to drive a brand new car (tear rubber)........

For the 1st few month's, the car go dey shack person ......

After a few month's and almost £2000 already paid + other financial pressures joining that long queue.......

Would you still love that car ............😂😜

A friend l adviced to buy a car with his cash de way l bought mine and moved on refused and he de hear am now, na why l de laugh....nostalgia....

seunpinky:

Although I am based in Canada, what u have written here applies across board. From the short time I have spent in mapleland, I have come to realise that the major mistake most new immigrants make is financing a car. So many older immigrants have made that same mistake and they keep telling the newer immigrants not to make that same mistake but these pleas often falls on deaf ears. The adrenaline to drive a brand new car pushes a lot of immigrant into untold hardship.

To further buttress my point, in Canada as of today the average salary is $75k per annum which equates to 4K per month after taxes. The average 2021-2023 car costs approximately $800 per month coupled with insurance cost of $400 per month and fuelling costs of $300 per month. Before the twinkle of an eye, you are set back $1,500 per month because u want to drive a brand new car and show off to people that don’t care about what u drive.

I am preacher of the buy a older car cash down ($5k) and move on with ur life. 3 years down the line after u have gathered valuable investments (real estate, stocks, a biz) u can then buy the car of your choice.. This is the approach I have chosen, to each mallam his kettle😂

over sense de worry u
if you know you know.....

Lexusgs430:



- How secure is your Job
- How comfortable are to subscribing to vehicle ownership
- Do you want to outrightly own the vehicle, after full payment is made
- Do you want to keep driving a new car, every 3 years (subject to deal )
- Do you fully understand both concepts of car ownership
- Have you weighed the consequences of a default
- Would you rather buy an older vehicle, for under £2000 (and pay cash)
- Once the nostalgia wears off, would you still be happy with your decision

Many more questions, but it's past my bedtime.......

At the end of the day, nobody can advice which option is BEST ...... Arm yourself with the conditions and make an informed decision............😁😂🤣


https://www.autotrader.co.uk/content/guides/pcp-vs-hp

Nostalgia wearing off got me laughing 😂

Lexusgs430:



To me, it sounds like your friend is confused....... When she clears her head, so can send you back .........

I de tell you....

Lexusgs430:



You don't have to turn the floor heating on....... But it's a good feature.........😂

Imagine not having to wear slippers/socks indoors, because your floor is always warm .........😜

You might not even require the use of a microwave, just put your plate on the floor. .......🤣😂😭

😂

Thank you Semmyk for this thread...long overdue

Lexusgs430:



She think say nah Nigeria she dey .......... I hope she does not own her home ........

Proceeds of crime shall be looking..........

I don tayad....which kind of shame for Nigerians is this? Make we de respect ourselves and be content with the little we have.....

phyl123:


It’s too late he has already opened his mouth. If he doesn’t go he will be found guilty of contempt of court ( legal gurus please feel free to correct me). If he goes he could be putting his life and family in danger. So he is stuck between the devil and the deep blue sea. If you want to look on the what is the right thing to do. If people don’t come forward how can crimes be solved? If you or your family were involved, you would hope that an eye witness would come forward, in order for justice to be served

May God protect him and his family and may justice be served....

Schoolhike:
Hello my people,

I need a serious advice please , I made a mistake and I need help in regards with the issue.

There was a fight in one of the 5 flats opposite mine. It resulted into police action which they came knocking at our door. I was about leaving home for work in the morning and I was asked what I can say in regards to the seen. I informed them I saw an hammer with someone I can't really describe except that the person is bald.

Now the issue is that I got a letter to come forward to the court as a withness to the crime committed by my neighbor. My mind has not been at rest since I got the letter cos of the likely public display of me as a withness.

I am thinking of going to the police station that I'm not comfortable doing this as i felt that I might not be safe living in that area anymore.
Kindly advise on this move.

And anyone with experience in such aspect should please advice.

Next time close mouth and move on....

I think going to the police station is fine to let them know your not comfortable and let's see what they will do.

Happy New Year 2023 BnSITL....more celebrations...

currentprice:
Ekuu new year bro & sis in thy lord

I wish all our portfolio green this year and beyond

Happy New Year Boss

Meogom:
Will be driving on UK roads for the first time tomorrow, feeling kinda apprehensive, abeg any tips from the gurus?

Keep to the left anytime you enter a new road unless your turning right..

Hope you have a valid road tax, MOT, driving licence and insurance.

UK police no de hear a beg oo

STENON:
Avoid driving on motorway for the first 3 days

But na motor way sweet and smooth pass to drive self

bigtt76:
Avoid arguing with the police when they stop your vehicle while travelling in Nigeria, e get why

STENON:
Just making our bucket list for 2023
I am planning of going home with my family at some point in this year, I am from the rural part of South Western Nigeria.

My son is 2 years old and has never been to Nigeria. His Dad is white Scottish .

Please what are the safety precautions for food and water safety? Do I need to go with bottled water from here or just boil water at home for them? What are the dos and don't? Do you think it is wise to go now that he is 2 years old or I should wait a bit longer? What are the necessary immunisations to take? Please kindly help a confused mum. Thank you xx

Normal 'pure water' or bottled water for naija should be ok nah.

Routine immunizations upto date should be ok..

Get anti-malaria medication

I do hope this is not 'village people calling'

Wait a little let the insecurity level and the election tension reduce a beg

But you have the final decision to make......

Solumtoya:


I'm so proud to see my name sandwiched among these great folks. The simple answer is: there is no such genuine "cash saving" scheme with such returns here.

Aahh... forgive me oo please
I won't miss the spellings again oga mi...

bigtt76:
Ooh great and what app or platform do you suggest one to use for the Stocks and Shares?

Try Freetrade app or Moneybox app or Trading212 or IG stockbroker or Nutmeg or AJbell stockbroker.

I use Moneybox for cash LISA and Trading212 for stocks & shares ISA...

Lexusgs430:



Been mortgage tied ......... What does this mean .......

Can you compare the equity appreciation vs interest expectations........

Let's assume it takes 5 years to get your naturalization, you want to be paying your landlord's mortgage for 5 year's......... I say no more ......

We need some financial management lessons 101, on this thread............

Simply sell the house,when you want to JAPA*2 .......

If you know you know.......

Cut soaps for us baba Lexusgs430 a beg....

bigtt76:
Can someone above 40 years open a Cash LISA account? If no, what then is the alternative to to go for?

Cash LISA is for less than 40years only.

I think STOCKS & SHARES lSA has no age limit....

Mroriginal:
Can you please advise any other cash saving option with interest on par with inflation apart from LISA? Mostly for people who plan to leave UK after naturalization and do not want to buy a house and be mortgage tied.

Unfortunately l don't know this one. Big ogas like Lexusgs430, Sumotaya, Justwise, Ticha etc may provide answers soon.....

For CASH LISA account holders, do not forget to get the £4,000 into it to get the free 25% ((£1,000) by end of tax year in 5th April 2023. This could be used to deposit for your first mortgage house. Husband and wife less than 40 years could open this account and save upto £10,000 each tax year until both reach 50 years when you cannot save money in the LISA account.


For STOCK & SHARES ISA account holders, do not forget to max out the £20,000 allowance per tax year, 5th April, 2023. When you max out the £20k in stocks and shares ISA account, you can keep putting more funds in your General Investment Account.

There are so many stocks that are quite cheap in NYSE...you can cherry pick good dividend paying stocks with dividend yields upto 6-8%.

Remember that profits from stocks and share lSA account and dividend payments from your stocks and shares ISA account are not TAXABLE....tax man doesn't look into these earnings

Slow and steady win in the market....

HAPPY 2023.....

Lexusgs430:



It's still a risk nah ....... ₦ is like crypto, very volatile currency.........

I don't do exchange...what belongs to Ceaser remains with Caesar

Lexusgs430:


I can change it for the student........

₦2000 - £1 .......

Remember I am taking a huge risk, the ₦ go soon expire............

But Senate said deadline should be June 2023 nah...

Skolex5:
I will be greatful if someone can help schooling me on credit cards .

I want a proper schooling like a newbie , and possibly mentor !

Pls I beg .

Check old posts here from September 2022 to date. There were good discussions then.