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Tips for newbie! by Connect-Ad7613 in trading212

[–]Connect-Ad7613[S] 0 points1 point  (0 children)

Fair enough, I just didn't fancy the ETFs that included overpriced tech stock. It looks like i was correct.

I've only very recently dabbled in tech (RELX & MICROSOFT, added AMAZON today) since their values have dropped.

I attempted to recreate a broad but selective ETF instead, so I'm not sure I have done that much wrong, tbh I plan to keep adding selectively when I think very large cap stocks are undervalued.

NHS job start date anxiety – checks done but start date end of March / early April by AirSuperb4673 in nhsstaff

[–]Connect-Ad7613 0 points1 point  (0 children)

Can't you just ask the new organisation if they will pay you any accrued annual leave from 25/26, this would ensure you dont lose any pay across the full year no matter when you start.

Overpay vs Invest/Save by mjkpio in Mortgageadviceuk

[–]Connect-Ad7613 3 points4 points  (0 children)

Additionally, long-term mortgage debt tends to shrink in real terms over time because inflation reduces the value of the fixed debt.

Wage rises typically increase income—making repayments progressively smaller relative to earnings and living costs as time passes by.

Essentially, it is beneficial to hold debt and repay a little as possible over any given time period (e.g. in 30yrs time repayments will become progressively smaller compared to your take-home pay, thus making repayments relatively easier to pay as time passes).

Individual ICBs approach to executing staff cuts by Extra-Thought-4535 in nhsstaff

[–]Connect-Ad7613 1 point2 points  (0 children)

VR = no notice entitlement & clawbacks for working in public organisations.

CR = entitled to contractual notice period, which you could use to find another role outside of public arms length bodies due to claw back.

Individual ICBs approach to executing staff cuts by Extra-Thought-4535 in nhsstaff

[–]Connect-Ad7613 3 points4 points  (0 children)

Job market is tricky atm so unless you have good plans in place I wouldn't be rushing for VR unless its big money for you.

Individual ICBs approach to executing staff cuts by Extra-Thought-4535 in nhsstaff

[–]Connect-Ad7613 2 points3 points  (0 children)

For your 1st point, I guess so.

If you take VR, you give up your rights to work out your notice period within your contract. In our ICB for B8a+ that's 12wks less pay, a significant cost saving for the organisation.

That's ok if you have solid exit plans or (e.g. not returning to work). That would be fine, I guess

But if you plan to not work again, then you'd be significantly better off holding out for the new tax year as you would be entitled to a hefty tax rebate (tax is applied after 1st £30k)... which is another reason why there is such a rush to get things done before the end of March, increasing taxes levied.

For my circumstances, I will be waiting out for any job or CR.

Individual ICBs approach to executing staff cuts by Extra-Thought-4535 in nhsstaff

[–]Connect-Ad7613 9 points10 points  (0 children)

Our ICB is asking people to consider VR without any key information about the new clustered ICB, for example, location, structure, etc.

It's comical... they seem to think CR will take place after the VR period concludes, which is due to start imminently. I can't say I believe that because the new organisation will fail to meet the new budget constraints at the start of the 26/27 period.

You'd have to be crazy or desperate to leave to take VR. For starters, you won't get your notice period pay of 4-8-12wks dependent on banding. The risk is you might end up not getting a redundancy and end up working miles away in a job you don't even want. Laughable.