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!

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!

I'm not sure what you mean...

Thank you!

Here's a breakdown of opting out of a workplace pension: *Automatic Enrolment: Most employers are required to automatically enrol eligible employees into a workplace pension scheme. *Opt-Out Period: Once you're automatically enrolled, there's usually a one-month period where you can opt out and get a full refund of any pension contributions you've made. *Outside the Opt-Out Period: If you miss the opt-out window, your contributions will stay in the pension scheme until you retire or reach a specific age when you can access the funds. Here are some resources for more information: *UK Government - Workplace Pensions: [www.gov.uk/workplace-pensions/if-you-want-to-leave-your-workplace-pension-scheme](www.gov.uk/workplace-pensions/if-you-want-to-leave-your-workplace-pension-scheme) *The Pensions Regulator - Opting out of an automatic enrolment pension: [www.thepensionsregulator.gov.uk/en/business-advisers/automatic-enrolment-guide-for-business-advisers/opting-out](www.thepensionsregulator.gov.uk/en/business-advisers/automatic-enrolment-guide-for-business-advisers/opting-out) Whether you can get a refund on your pension contributions depends on a few factors: When you left the scheme: * Within the Opt-Out Period: If you're automatically enrolled in a workplace pension, you typically have a one-month opt-out period. During this time, you can usually get a full refund of your contributions. * After the Opt-Out Period: Once the opt-out period is over, getting a refund becomes less likely. Type of Pension Scheme: * Defined Contribution Scheme: In these schemes, your contributions and any investment growth belong to you. There might be specific circumstances allowing a refund, but it's less common. * Defined Benefit Scheme: These are less common today, but in these schemes, your employer takes on more risk and your contributions are generally not refundable. Here's what you can do: 1. Check Your Scheme Rules: The rules of your specific pension plan will outline your options regarding refunds. You can usually find these rules on the provider's website or by contacting them directly. 2. Contact Your Pension Provider: They can definitively tell you if a refund is possible based on your situation and the type of scheme you're enrolled in. Here are some resources for more information: * UK Government - Workplace Pensions: [www.gov.uk/workplace-pensions/if-you-want-to-leave-your-workplace-pension-scheme](www.gov.uk/workplace-pensions/if-you-want-to-leave-your-workplace-pension-scheme) * MoneyHelper - Getting your pension contributions refunded: [www.moneyhelper.org.uk/en/pensions-and-retirement/building-your-retirement-pot/getting-your-pension-contributions-refunded](www.moneyhelper.org.uk/en/pensions-and-retirement/building-your-retirement-pot/getting-your-pension-contributions-refunded) **Important Note:** There can be tax implications for withdrawing money from a pension scheme before retirement. I hope that helps!

Some providers may have one, perhaps Quilter or Prudential?

No, a CeMAP qualified mortgage advisor typically cannot arrange commercial loans. The CeMAP qualification focuses on residential mortgages, not commercial lending. It equips advisors with the knowledge and skills to advise individuals on buying a home and securing appropriate mortgages. Commercial loans are a different beast altogether. They involve financing for businesses, with unique considerations like property types, risk assessments, and loan structures.

Possibly, but you'll need to check with the pension schemes

Thank you!

Each adviser firm will charge differently. The best thing to do is to ask the adviser firm you're speaking to you to give you a full breakdown with examples. And any quotes provided should have a full breakdown of the fees charged.

Payments can be backdated for up to 3 months

In the UK, Child Benefit can unfortunately not be backdated to the date your child was born if the birth was registered after 3 years. The general rule is that Child Benefit can only be backdated for up to 3 months from the date you submit a claim. Since your child's birth wasn't registered within the standard timeframe (usually within 42 days), it creates a gap that can't be covered by the backdating policy. However, there is a silver lining. You can still claim Child Benefit starting from the date you register the birth and submit a claim. This means you'll receive the benefit moving forward, but you won't be able to recover any payments for the period before registration. Here's what you can do: * Submit a claim for Child Benefit as soon as possible. You can do this online at [assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1154589/CH2_Child_Benefit_Claim_Form_English.pdf](assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1154589/CH2_Child_Benefit_Claim_Form_English.pdf). * Gather necessary documents: You'll need your child's birth certificate and proof of your identity and residency. * Contact the Child Benefit Office: If you have any questions or require further clarification, you can reach them at 0300 200 3100. I hope that helps!

No, just capital gains tax

And to you!

Thanks for watching!

Sadly not. If one of the parents is not paying NI because they're not working, for example, they should be the one claiming child benefit to get the national insurance credits towards their state pension entitlement.

Thanks for taking the time to share your thoughts.

You can get the latest revision guides on the cii website under the individual R0 exam headings, down the right hand side. They are the past exam papers with loads of questions. I hope that helps. Good luck!

@@Louise.Fitzgerald_IFA thankyou for your swift response, I will have a look.

Thanks for your thoughts.

Thanks for taking the time to share your thoughts.

By learning English may be a start

I'm not sure what you mean?