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@@jacharakis it's a lot to take in but I'm so pleased you're excited. Best of luck!

In your case, your wife and daughter do need to inform HMRC about the sale of the commercial property, but the timing of this depends on a few factors: 1. Reporting the Sale: - Since your wife and daughter jointly owned the commercial property, the sale will need to be reported to HMRC. - The sale of property may trigger Capital Gains Tax (CGT), so it’s important to inform HMRC as soon as possible to avoid any penalties or interest. 2. Reporting Through Self Assessment: - Typically, if your wife and daughter are required to submit a Self Assessment tax return, the sale would need to be reported by the 31st January following the tax year in which the sale occurred (for instance, for a sale on 30th November 2024, the deadline for reporting would be 31st January 2026, assuming it's part of the 2024/2025 tax year). - However, if the sale was not part of their Self Assessment return previously, they should notify HMRC separately. 3. When to Notify HMRC: - Commercial Property Sale: For commercial property, the requirement is generally to report the sale within 60 days of the transaction to HMRC. - This means, in this case, they would need to notify HMRC by the end of January 2025, which is 60 days after the sale on November 30th, 2024. 4. Capital Gains Tax: - If there is a capital gain on the sale, HMRC must be informed, and any tax due should be paid. - If the property qualifies for certain exemptions (such as being the primary residence for any part of the ownership), there may be reduced CGT or exemptions. What Should Be Done: - Notify HMRC by the end of January 2025 about the sale of the commercial property. - If your wife and daughter are required to file a Self Assessment tax return, include the sale of the property in their tax return by 31st January 2026. - Pay any CGT due by the 31st January 2025 deadline to avoid interest and penalties. Steps: 1. Contact HMRC and report the sale if not already part of Self Assessment. 2. Ensure the sale is included in the next Self Assessment tax return for the year in which it falls. 3. Pay any tax owed (if applicable) by the required deadline. If you're unsure of the tax due or how to proceed, it's worth speaking to a tax advisor or accountant to ensure everything is handled properly and on time. This should prevent any issues with late reporting or interest charges. I hope this is helpful. Please note this is information only and not advice.

@@jonathanfleck5419 nice!

@@beanykey it depends on the company they work for. At my previous firm, clients belonged to the company but at my current firm they belong to the adviser

Thanks Louise. So would it be fair to say that you would advise only seeking employment with companies who allow the advisor to keep their clients? Did you have to start over again when you moved firm?

@beanykey it really depends on the contract you have. I was technically out of contract when I moved firms and some clients did move over with me. But it's a very grey area in the industry and many people say clauses like this in contracts are unenforceable.

@@chemistrykit920 The average life expectancy for a female my age is 88 years old, with a one in four chance of reaching 96 and a 1 in 10 chance of reaching 100

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk

After a devastating hurricane destroyed my beachside business in 2017, I vowed to never again put all my eggs in one basket. I've since diversified my investments and hired a financial advisor to manage my excess funds. Now, as a semi-retired sailor, I spend only 9 hours a week maintaining my yacht, and I'm thrilled to be just 5% shy of my $3.4 million retirement goal, thanks to savvy investments made since rebuilding my finances

Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help

My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon

Great point, and it's definitely a key consideration for many clients! Choosing between a percentage-based fee and a fixed advice fee often depends on individual needs and circumstances. In my practice, I aim to keep fees as transparent and tailored as possible. Depending on the type of advice warranted, I use several fee models - fixed fees, tiered percentage, etc. to ensure clients receive value relative to the complexity and scope of advice provided. Ultimately, the most important thing is that the fee structure aligns with the client’s goals and delivers measurable results.

@ thank you Louise and sounds a good set up. I was paying in excess of £1000 per month for what felt like an expensive cup of coffee each year! I was put into an off the shelf 60/40 fund, so no daily management and my affairs were not what you would regard as complex! Hence the question and appreciate your response. 👌🏻

@@dominic8218 That highlights the most effective thing anyone with a pension should do ASAP. Review all your Defined Contribution pensions and check you are invested wisely according to your age and financial situation. Many pension schemes invest you in a default 60/40 scheme which the industry now recognises is far from ideal for most people who are 5 years or more away from retirement age. Also the funds they invest you in are often low return (e.g. UK) funds with high charges, they then add the pension company charge. Now look at how often they revise the portfolio (often never!) and you find you have a net gain of 2% on your pension with inflation at 4%! If you think pensions are too complicated for you, then pay a good independent FA twice (once at age 30 ish and once 5 years before your retire). It may cost you but they can easily save you £100k+. Also, bear in mind that an FA will never advise you to self-administer your pensions because they aren't allowed to, but if you are confident in investing it can be the best option.

In the UK, HMRC automatically assigns tax codes to your jobs based on how they're reported by your employers. Generally: 1. Your primary job (often the one reported first to HMRC) is assigned your personal allowance, meaning you get the tax-free threshold applied to it. 2. Your secondary job is taxed at the basic, higher, or additional rate from the first penny earned because the personal allowance is already used on your primary job. If HMRC told you that you can’t change which job is considered primary or secondary, here’s how the system works and what options you might have: Understanding Your Current Situation: - Job A (Weekly Paid): Likely treated as your primary job by HMRC. - Job B (Monthly Paid): Likely treated as your secondary job, so it might have a BR (Basic Rate) or D0 (higher rate) tax code, meaning it doesn't benefit from your personal allowance. HMRC allocates tax codes based on the sequence in which jobs are reported or based on employer notifications. However, you can ask HMRC to adjust the distribution of your personal allowance between the two jobs, even if they don’t officially switch the job order. Steps you can take without quitting Job A: 1. Contact HMRC Again (Emphasise Reallocating Allowance): - Call HMRC at 0300 200 3300 or update via your personal tax account online. - Explain you want to allocate all or part of your personal allowance to Job B (your monthly job). - Provide the following: - Employer PAYE reference for both jobs. - Expected annual income from each job. - HMRC can adjust your tax codes accordingly: - Job B could be assigned a tax code like 1257L (giving it the full allowance). - Job A could be assigned a tax code like BR, D0, or a reduced allowance (depending on your total income). 2. Monitor Your Tax Codes: - Once adjusted, ensure that Job B’s payslips reflect the new tax code in subsequent months. - Job A will have less or no allowance, so you’ll be taxed more there. If HMRC insists the current allocation can't be changed: - You do not need to quit Job A, but you could ask for a tax code adjustment after the tax year ends by submitting a Self-Assessment Tax Return. - The overpaid tax on Job B (if applicable) can then be refunded. If you quit Job A and later resume it, HMRC would likely treat the newly reported job as your secondary job. However, this is a drastic step and isn’t necessary if your income and tax codes can be manually adjusted. Alternative strategies: - Estimate Your Total Income Across Both Jobs: Ensure you're paying the correct overall tax. Even if the tax allocation feels unfair, HMRC balances it at the end of the year. - Consider Self-Assessment: If you consistently overpay on one job, filing a self-assessment tax return allows you to claim refunds. I hope that helps. Please note this is information, not advice.

Hello Louise Firstly, I truly appreciate🙏 you for passionately taking out time explaining this to me, you are a life saver. Am so happy, I get to still keep my Primary Job. You are right, my secondary job is BR X(I started working this job 4mnths ago and my secondary employer have not yet received my P45). Questions 1) Please can I submit now, hope it's not late? 2) If I do, can it have a positive impact? My codes: primary job (867L X) secondary job (BR X - all my income is taxed and that is killing me).

You would need to contact HMRC to find out I'm afraid.

Capital Gains Tax (CGT) applies when you dispose of an asset that has increased in value since you acquired it. This includes selling, transferring, exchanging, or gifting the asset. When you gift an asset (e.g., shares, property, or other investments) to someone who isn’t your spouse or civil partner, the transaction is treated as though you’ve sold the asset at its market value. If the asset has increased in value, CGT might be payable on the gain, even though no money changes hands. Gifts between spouses or civil partners are generally exempt from CGT. The recipient takes over the original cost basis of the asset. Gifts to anyone else are treated as if sold at market value, meaning CGT may apply. Certain assets are exempt from CGT, such as: - Your primary residence (subject to certain conditions). - Personal belongings (chattels) worth less than £3,000. - ISAs or other tax-exempt accounts. Each individual has an annual CGT allowance (currently £3,000 for 2024/25). Gains within this amount are tax-free. The applicable CGT rate depends on your income tax band (basic rate or higher/additional rate). Basic rate taxpayers pay 18% and higher/additional rate taxpayers pay 24%. You can calculate the CGT on a Gift by: 1. Determining the Market Value: Use the asset’s current market value at the time of the gift. 2. Calculate the Gain: Subtract the original purchase price (plus allowable costs) from the market value. 3. Apply Exemptions: Deduct the annual CGT allowance or any other applicable reliefs. 4. Tax the Remaining Gain: Apply the appropriate CGT rate to the taxable portion of the gain. There are reliefs to minimise CGT: - Holdover Relief: Available for gifts of certain business assets, allowing the CGT to be deferred until the recipient disposes of the asset. - Private Residence Relief: For your main home, if eligible. Important Notes: - Gifts to charities are exempt from CGT. - For non-cash gifts, proper valuation of the asset is crucial. - If you’re gifting to avoid CGT on a future sale, remember the recipient may incur CGT when they dispose of the asset. I hope that helps. Please note this is information, not advice.

If you sell a property in Ireland and claim retirement relief on Capital Gains Tax (CGT) to reduce or eliminate the tax liability, the UK will not automatically apply the same relief. The tax treatment in the UK will depend on several factors, including the nature of the asset, the specific reliefs you may be entitled to in the UK, and your residency status. In Ireland, Retirement Relief is a relief from CGT that can be applied when selling a business or certain qualifying assets, provided specific conditions are met. The relief can reduce or eliminate the CGT liability in Ireland, but this relief is specific to Ireland’s tax law. The UK generally taxes its residents on worldwide income and gains, meaning that even if you are selling a property in Ireland, you may still need to report and pay tax in the UK on the gain, unless specifically exempt. The Ireland-UK Double Taxation Treaty exists to prevent the same gain from being taxed in both countries (i.e., it avoids double taxation). However, the treaty does not require the UK to automatically apply Irish tax reliefs such as Retirement Relief. Instead, the treaty aims to allocate taxing rights between the countries based on factors like residence and where the asset is located. If you're a UK resident, the UK will generally want to tax any capital gain you realise, even if it's from selling an asset in Ireland. The UK does not typically recognise foreign tax reliefs such as Ireland’s Retirement Relief. If you have paid CGT in Ireland on the sale of the property and the UK taxes the same gain, you may be able to claim foreign tax credit relief for the tax you paid in Ireland, but this would be separate from the Irish relief. Essentially, you will need to declare the capital gain in the UK and report any foreign tax paid to ensure that you do not pay tax twice on the same income. However, the UK will likely not give you the same relief that Ireland grants under retirement relief. The Ireland-UK Double Taxation Agreement does not allow you to circumvent the UK's CGT rules by relying on Irish tax reliefs. The treaty primarily ensures that you don't get taxed in both countries on the same gain, but the reliefs in each country are applied separately. If you are a resident of the UK, your liability to UK CGT on the gain will not be affected by Irish retirement relief. Therefore, the tax treaty does not make the Irish retirement relief "useful" in terms of avoiding UK CGT. You’ll still face UK tax on the gain, albeit with possible relief for any taxes paid in Ireland. I hope that's helpful. Please note this is information, not advice.

If you lose your job in the UK, several steps and support systems can help you manage the situation: 1. Entitlements and Rights - Notice Period & Final Pay: Your employer must give you a notice period (or pay in lieu of notice) based on your contract or statutory minimum notice period. You’re also entitled to any outstanding wages, holiday pay, and redundancy pay (if applicable). - Redundancy Pay: If you’ve worked for your employer for at least two years and are made redundant, you may be entitled to statutory redundancy pay. 2. Claim Benefits - Universal Credit: This is a means-tested benefit that helps cover living costs. It replaces several older benefits, including Jobseeker’s Allowance (JSA) and Housing Benefit. - New Style Jobseeker’s Allowance (JSA): If you’ve been paying National Insurance contributions, you may qualify for JSA, which is not means-tested and lasts up to 6 months. 3. Other Support - Council Tax Reduction: You might be eligible for a discount or reduction in your Council Tax. - Housing Support: Universal Credit may cover some or all of your rent, or you can apply for support with mortgage interest. 4. Retraining and Job Searching - Jobcentre Plus: They can help you find a new job, provide advice on retraining, and offer access to job search resources. - Redundancy Support: Some employers provide redundancy packages that include career counseling or retraining programs. - Skills Training: Look into free or subsidised courses to improve your qualifications and employability. 5. Managing Finances - Debt Support: If losing your job impacts your ability to pay bills, contact creditors to explain the situation. Organisations like StepChange and Citizens Advice can offer guidance. - Emergency Funds: Review any savings or emergency funds to cover essentials while seeking new employment. 6. Consider Insurance - If you had income protection or unemployment insurance, check your policy to see if you can make a claim. It’s important to act quickly and seek advice to access the support you’re entitled to.

It sounds like you're looking to pay any tax due on profits from the sale of your investments, but you're feeling stressed about the process. Here's what you need to know: If you've made profits from selling investments (capital gains), you’ll likely need to report this to HMRC, especially if you’ve exceeded the annual tax-free allowance (called the "annual exempt amount" for capital gains, which is £3,000 for the 2024/25 tax year). Since you've mentioned your profits are around £5,000 at an 18% return, you may need to calculate your gains to determine if you owe any tax. Steps you should take: 1. Calculate Your Capital Gain: You need to subtract the original amount you invested from the amount you received from the sale. For example, if you invested £5,000 and sold for £5,900, your capital gain would be £900. 2. Taxable Gain: If your total taxable gains for the year (including this sale) exceed the tax-free allowance of £3,000, you would need to pay tax on the amount above the allowance. Capital gains tax (CGT) rates range from 18% to 24%, depending on your overall taxable income. 3. Reporting to HMRC: You can report this on your Self-Assessment tax return or through the "Real Time" Capital Gains Tax service, if applicable. You don't necessarily have to show a detailed breakdown, but you should be able to provide the basic information like the sale price, cost price, and any relevant allowances. 4. Paying HMRC: If you are due to pay any tax, you can pay HMRC directly. The deadline for payment is usually 31 January following the end of the tax year. What to do next: - If you’re unsure about the calculations and don’t want to deal with it alone, it’s worth getting help from a tax professional or accountant to make sure everything is filed correctly. - However, if you prefer to just pay and be done with it, it’s still important to make sure you're reporting everything accurately to avoid any future issues with HMRC. Tax can definitely be overwhelming, but once it's sorted, you can breathe easier! Please note this is information only and not advice.

@@wildberrygarden absolutely!

@@pppp67567 thanks!

@@pppp67567 thanks!

It varies widely depending on who you work for.

@@Louise.Fitzgerald_IFA I know hence I asked ranges it doesn’t have to be exact figures I feel it would be quite insightful

The salary range for financial advisers and related roles vary widely based on experience, location, and the firm you're working for. A typical salary progression from entry-level positions like administrators to Independent Financial Advisors (IFA) is as follows: 1. Financial Administrator - £18,000 - £25,000 per year 2. Paraplanner (Junior) - £24,000 - £30,000 per year 3. Paraplanner (Senior) - £30,000 - £45,000 per year 4. Trainee Financial Adviser- £22,000 - £35,000 per year (may also include bonuses based on performance) 5. Financial Adviser - £35,000 - £60,000 per year (including bonuses) 6. Independent Financial Adviser (IFA) - £50,000 - £100,000+ per year (including bonuses and commissions) 7. Senior Independent Financial Adviser (IFA) - £75,000 - £150,000+ per year (can be even higher with a strong client base) This is a rough guide and can vary based on geographic region (London salaries tend to be higher), firm size, and whether the role includes commission or bonus structures. As an IFA, you can potentially earn significantly more depending on the size of your client base and your business model (e.g., fee-based, commission, or a mix of both).

@@Louise.Fitzgerald_IFA thank you alot this was very informative

@@celibin09 there are certainly better benefits elsewhere.

CGT rebasing refers to a method where the acquisition cost of an asset is adjusted based on its market value at a specific date, usually for assets acquired before a certain threshold date. In the UK, for assets acquired before April 2019, you can choose to rebase your capital gains to the market value as of that date. This can help reduce your taxable gain, especially if the asset has appreciated significantly. As a non-resident, you're generally not entitled to the UK personal allowance for income tax purposes. Regarding the annual exempt amount (this is now £3,000 for the 2024/25 tax year), non-residents can still utilise this allowance against capital gains realised from the sale of UK residential property. This means that if your capital gains are below this threshold, you won’t owe any CGT. Please note this is information only, not advice. Always consider consulting a tax professional for tailored advice, especially given the complexities of tax law and your specific circumstances.

@@Louise.Fitzgerald_IFA many thanks....v clear

Times are certainly changing!

Thanks so much for your comment. It didn't apply the audio properly. I've removed the backing track for now to make it easier to hear.

Maybe, maybe not...

Market publications such as Professional Adviser, The Financial Times, Citywire, and other publications are good to keep up to date

@@Louise.Fitzgerald_IFA Thank you Louise. What advice would you give to someone starting the diploma in regulated financial planning, with the end goal of being self employed asap? I appreciate your time and comments. :)

@@jacknottingham9492 Great question! Here are a few tips to get started: 1. Focus on understanding, not just passing: The diploma gives you the technical foundation, but truly understanding the material will help you in the long run, especially when you're self-employed. 2. Network early: Build connections with other professionals, mentors, and potential clients from the start. Your network will be invaluable when you go solo. 3. Start planning your business now: While you're studying, start laying the groundwork for your self-employed practice. Think about your niche, marketing, compliance, and client acquisition strategies. 4. Stay organised: Balancing studying and planning your self-employment path can be tricky, so use tools like study schedules and business plans to keep on track. 5. Get real-world experience: If possible, gain practical experience alongside your studies, whether it's through internships, shadowing, or part-time roles. Good luck, and feel free to reach out if you need more advice!

@@Louise.Fitzgerald_IFA Thank you Louise! This is invaluable advice.

you should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a local or trusted online broker/plannner

i agree with the comment above. I feel fortunate to have been introduced to money management at a young age. I started working full-time at 19 and bought my first home at 28. Fast forward to today, I'm 61 and although I was laid off in March 2020 during the lockdown, it turned out to be a blessing in disguise. I sought the advice of a financial planner to stay financially stable and made some savvy investments, which have brought me within 15% of reaching my goal of $1 million in wealth.

This is huge! I am eager to build up my reserves irrespective of the economic conditions. My 401k has significantly declined since early 2022, Can you point me in the right direction?need to rebuild

I’ve shuffled through a few experts in the past, but settled with Monica Mary Strigle’. The strategy sh uses is recession-proof, more specifically profit-oriented, and most likely, she's a renowned advsr. Just research the name. You’d find necessary details to work with

i truely appreciate this share.I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

Hi, have you done any other RO exams?

@@Louise.Fitzgerald_IFA Hi, I have not, no. Coming into this completely new. Some basic background knowledge but nothing of significance. Thanks

Thanks for watching!

To transfer USDT from your OKX wallet to Binance, you can follow these steps: 1. Get your Binance USDT deposit address: - Log in to your Binance account. - Go to your "Wallet" section. - Find the USDT asset and click "Deposit." - You'll be provided with a unique deposit address. Copy this address. 2. Open your OKX wallet: - Use your seed phrase to access your OKX wallet. 3. Send USDT from OKX to Binance: - Find the USDT asset in your OKX wallet. - Click "Send" or a similar option. - Paste the Binance deposit address you copied in the "Recipient" field. - Enter the amount of USDT you want to transfer. - Confirm the transaction. Important considerations: - Network Fees: There will be network fees associated with the transaction. The exact fees will depend on the network you're using (e.g., TRC20, ERC20). - Confirmation Time: The transaction may take some time to confirm, depending on the network load. - Security: Double-check the deposit address before sending. Any mistakes could result in funds being lost. - Two-Factor Authentication (2FA): Ensure you have 2FA enabled on both OKX and Binance for added security. By following these steps, you should be able to successfully transfer your USDT from OKX to Binance. If you have any trouble, reach out to OKX and Binance directly. Please note this is purely information, not advice, and does not take account of your personal details or tax information.

The multiple choice ones are held at various times throughout the year.

Thanks! When you engage in CFD forex trading as a full-time employee, the profits you make from these activities are generally subject to Capital Gains Tax (CGT). This is because CFD trading is considered a capital asset transaction. Capital Gains Tax (CGT) is applied to the profit made when you sell an asset for more than you paid for it. In the case of CFD trading, the asset is the underlying financial instrument. The UK government provides an annual exempt amount for CGT. This means you can make profits up to a certain amount each year without paying any tax. The exact amount changes annually, so it's essential to check the current figure. Important things to consider: Frequency of Trading: If you trade frequently or in a systematic manner, HMRC might consider your trading activities as a business. In this case, your profits would be subject to Income Tax instead of CGT. Trading Style: Your trading style also plays a role. If you trade based on long-term investment strategies, it's more likely to be considered a capital asset transaction. However, frequent, short-term trading might be seen as a business activity. Record Keeping: It's crucial to maintain accurate records of your trading activities to provide evidence of your trading style and the nature of your profits. Please note this is information only, not advice, and given the complexity of tax regulations, it's highly recommended to consult with a tax professional or accountant. They can provide tailored advice based on your specific circumstances, ensuring you comply with UK tax laws and minimise your tax liability.

@@kiron4209thank you! And thanks for watching!

Congratulations! R02 is still a bit dry, but more interesting and relevant than R01. Good luck!

Just 40% on everything in the higher rate bracket. Everything in the basic rate bracket remains taxed at 20%.

@@A3FIVE please elaborate.

@@TT-it6cr thanks for watching. If you've done them all fairly close together then you probably have retained enough knowledge. But give the past papers a go first and see how you get on.

@@FlyingCorkscrew thanks for watching!

You may be able to sell half your share portfolio, equating to your original £10k investment, without triggering Capital Gains Tax (CGT). This is because you'd essentially be recovering your original investment so there's no gain to be taxed. The remaining £10k would then represent a capital gain. When you sell portions of this, you'll need to consider CGT. Your plan to draw out £3k or less each year is a good start. This amount falls within the current annual CGT exemption. However, it's important to note: Cumulative Gains: While each individual withdrawal might be below the exemption, the total gain from the entire £10k portion will eventually exceed the exemption. Tax Years: You need to consider CGT on an annual basis. If you withdraw more than £3,000 in a single tax year, you'll pay CGT on the excess. Additional Considerations: Bed and Breakfasting: Selling and repurchasing the same asset quickly (usually within 30 days) can be considered 'bed and breakfasting' and may affect CGT calculations. Tax Rates: CGT rates vary depending on your income and the total gain, and are subject to change. In any case, it's crucial to keep detailed records of your purchases, sales, and valuations. This will help you accurately calculate any CGT liability when you file your tax return. For precise advice tailored to your circumstances, consider consulting an accountant. They can provide expert guidance on CGT implications and help you optimise your investment strategy. I hope this helps! Please note this is not financial advice.

@@benking9593fantastic. Thank you!

Unfortunately, as a Tier 2 visa holder with the condition "No Public Funds" on your BRP card, you are generally not eligible for Child Benefit. This condition restricts your access to most government benefits, including Child Benefit. The purpose of this condition is to ensure that individuals on Tier 2 visas are financially self-sufficient and do not rely on public funds. While the general rule is that you cannot claim Child Benefit, there might be very specific circumstances under which you could qualify. It's essential to check the most up-to-date government guidelines or seek professional advice. The immigration rules and regulations can be complex, and even small changes can impact eligibility. Therefore, it's strongly recommended to consult with an immigration advisor or the UK government's immigration department for accurate and personalised guidance. Disclaimer: This information is intended as general guidance and does not constitute legal or financial advice.

@@Louise.Fitzgerald_IFA Thanks for sharing these great info. I would like if there are any other benefit for Tier 2 visa holder with the condition "No Public Funds" .

While Tier 2 visa holders with the "No Public Funds" condition have limited access to certain benefits, there are still some available options: Non-Means-Tested Benefits - These benefits are generally accessible to Tier 2 visa holders, regardless of their income: New Style Jobseeker's Allowance (JSA) New Style Employment and Support Allowance (ESA) State Pension Bereavement Benefit Other Potential Support - Depending on specific circumstances, other forms of support might be available: Council Tax Reductions: While not technically a benefit, some local authorities offer council tax reductions based on income and circumstances. Discretionary Support: Local authorities might offer discretionary financial assistance in exceptional cases of hardship. However, this is not guaranteed and varies by region. Important Considerations: Eligibility: Always check the specific eligibility criteria for any benefit you might be considering. Professional Advice: If you're unsure about your entitlements, consider seeking advice from an immigration or benefits specialist. The "No Public Funds" condition is a significant restriction. It's essential to maintain financial stability to avoid potential difficulties. Please note this is information only and not advice. Consider seeking further help from an immigration or benefits specialist.

Yes, absolutely! With the CII the process is continuing to take exams with a certain number needing to be level 6, and the other credits can be made up from any units you like. I believe you need 290 credits in total to become chartered. This is something I'm still working towards.

Life insurance payouts can be used for whatever purpose you like. Though there are specific policies to cover mortgages that may be more suitable if that is your goal.

Thanks for watching!

Thanks for watching!

Thanks for watching!

It depends how much you earn

Thank you!

I'm not sure what you mean...

No, you generally don't have to do a tax return if your capital gains are below the allowance. However, there are some exceptions: * Selling property (except your main residence): You might need to report the sale even if your gain is below the allowance. * Losses: If you want to claim capital losses to offset future capital gains, you'll need to submit a tax return. * Registered for Self Assessment: If you're already registered for Self Assessment for other reasons (e.g., running a business), you might need to report your capital gains even if they're below the allowance. Here are some resources for more information: *GOV.UK - Capital gains tax: [www.gov.uk/capital-gains-tax/rates](www.gov.uk/capital-gains-tax/rates) * GOV.UK - Do you need to send a Self Assessment tax return?: [www.gov.uk/self-assessment-tax-returns](www.gov.uk/self-assessment-tax-returns) It's always best to consult with an accountant if you're unsure whether you need to file a tax return.

Sadly they're not area specific.

It's never too late!