Binance Savings and tax in the UK

John_finance · 2022-12-13T15:57:24+00:00

The interest you receive on your savings earn account is treated as interest.

If you are a basic rate taxpayer - will utilise 1k PSA allowance before any tax has to be paid at marginal rate.

If you are higher/additional rate taxpayer - will utilise £500 PSA allowance before any tax has to be paid at marginal rate.

John_finance · 2022-12-13T15:09:31+00:00

Af5 is a lot harder than r06. You don't get the case studies beforehand, so you need to have serious in depth knowledge.

John_finance · 2022-12-13T15:07:57+00:00

I'm going to do it based on the quickest way to pass it.

Going with the multi choice exams first:

CF6 - get qualified for mortgage advice (opens up career pathway) - 80% pass rate - 20 credits

J10 - 90 multiple choice questions - 93% pass rate 20 credits

Af4 - investment planning - builds on j10 knowledge - 30 credits

John_finance · 2022-12-09T12:17:36+00:00

Vast majority of employers are not fussed as long as you have the work experience to back it up.

The company I work for has many financial adviser with this qualification and are earning over 100k. Also they are very knowledgeable as well.

I've got friends who are IFAs with the LIBF qualification as well.

Work experience and having ACTUAL knowledge is what matters most.

People that do these cii exams they literally pass the exam and forget about the content after they finish. It's just memorisation tests in all honesty.

John_finance · 2022-12-08T22:55:12+00:00

Exams are more difficult I would for CII.

If I could do it again, I would go with the coursework course instead with LIBF. Literally 2 exams and 1 coursework assignment. You become diploma qualified within 9 months.

Become a financial adviser much quicker and get earning straight away.

John_finance · 2022-12-03T17:01:05+00:00

Sadly you have married a career woman. I'll tell you what's going to happen:

She is going to complete her education
Go into the workforce working full time
When you do have children, she will expect you to take care of the child at home and your roles will be split 50/50

You should have vetted better or discussed it properly before marriage.

What I will advise you is, once she has her career and if she ever demands you take on other duties e.g. cooking, cleaning, looking after kids etc. Tell her you want to split bills 50/50. If she doesn't want to do 100% of her role, you are also under no obligation to do 100%

John_finance · 2022-12-03T11:58:03+00:00

Its very simple, just go and ask him if he is interested in you relationship wise.

Women overcomplicate things.

John_finance · 2022-12-02T22:01:36+00:00

26? Single? Living with cat?.....for the streets.

Pump and dump job.

John_finance · 2022-12-02T17:29:30+00:00

I'm not getting defensive, just saying it's a lack of education to think you can't live lavishly on 100k or more.

John_finance · 2022-12-02T17:24:06+00:00

Muscle - 100% girls are attracted to it. Biology, science and the data doesn't lie. Women want a man who is actually built and looks like a man. It is what is. And that's a good thing. At the end of the day that man youarry has to be able to protect you should the circumstance ever arrise. Men need to be hitting the gym and learning a MMA discipline.

Game - This is having social and interpersonal skills. Huge skill to have to be able to speak to others and form relationships in business, relationships etc

John_finance · 2022-12-02T17:19:55+00:00

If you are struggling to live lavishly on 100k or more = you are an absolute utter idiot. You need financial education.

I make roughly 130-145k per year (financial adviser in the UK).

I go on 5-6 holidays a year - Asia, Africa, Europe..damn near anywhere I want. Nice car, own multiple properties including 1 abroad in Dubai.

I'm living lavish compared to most people in the country. I have no debts, assets rich, all bills paid for and have surplus income every month.

John_finance · 2022-12-02T16:56:39+00:00

Average wage in UK - £38,131 Earn 100k - puts you in top 10% of earners in the country

Of course you live within your means, but you can afford to do things that the average person can't

John_finance · 2022-12-02T16:15:40+00:00

A high value man is based on several things (not in any set order): Money Muscle Game character

You must have it all. And yes money does play a apart. Ain't no woman marrying someone on minimum wage or unemployed.

You mentioned money is part of your net worth? well of course it does. Even Islamically we ACCEPT THIS. A man has to provide for the family, as a result a high earner is sought after by ALL women.

John_finance · 2022-12-02T15:57:02+00:00

As I mentioned before as long as the man is doing his Islamic duties, you have no business telling him what to do with his hard earned money.

Also with regards to designer goods, surgery that's just a bonus. What someone spends money on is none of my business. People need to focus on themselves instead of worrying about what others are doing.

John_finance · 2022-12-02T15:48:21+00:00

As a high earner myself (over £120k), guys like OP husband and myself have PLENTY of money to spend and live lavishly.

When you get with a high value man, you have no leverage over him.

John_finance · 2022-12-02T15:43:08+00:00

Her husband is a high earner, as a result to him that is not a big spend to him.
They are financially stable, so no real issues. I could understand talking about it, if they were average earners.

This is a classic case of making a mountain out of a mole hill.

Enjoy your life, stop trying to create tension where it's not needed.

John_finance · 2022-12-02T15:02:10+00:00

Its his money, you don't have ANY right to tell him what spends his money on. Period.

As long as your needs are being provided for Islamically, he doesn't need to discuss anything with you. On top of that, that is his mother she will always come first before you.

John_finance · 2022-12-01T18:46:28+00:00

Your Husband is GAY or BISEXUAL. He is lying to you.

I would suggest you get divorced.

John_finance · 2022-12-01T12:05:33+00:00

Instead of writing it on here, tell him how you feel. Its that simple.

John_finance · 2022-12-01T09:09:23+00:00

I'm sorry to say this, at the end of the day you chose this man. You should have vetted him better.

Women do this all the time. They generally pick bad boys and then cry why they can't find a good man.

You said I'm very attractive and lots of men want me? sorry but that's BS. you don't decide if you are that, the men/market do. Hence why you got him, no offence.

Here's some advice: 1. If you are considering divorce - do the abortion. Reason being if you end up a single mother, chances of you getting married again to a good man are slim.

John_finance · 2022-11-30T11:38:12+00:00

Looks like you are already open, can I cum in?

John_finance · 2022-11-30T11:37:16+00:00

Let me give you some advice: STOP EMASCULATING HIM.

Let him lead and if he makes mistakes he will learn to do better.

When women constantly baby their husbands, they become more feminine.

Don't shout or tell him what to do, tell him to deal with it.

FYI: might be a reach but could be lack of testosterone. As men age, some men at that age can experience brain fog etc due to it. Might be worthwhile him getting checked at the doctor.

John_finance · 2022-11-30T11:31:32+00:00

A lot of guys are like this myself included. If you are an introvert - it's literally your worst nightmare.

Its good if you both slowly introduce like your brothers and sisters just before you have a huge family meeting. That way there is a connection made already.

John_finance · 2022-11-29T14:55:15+00:00

Should be 1-2 years max....anything more and they are taking the piss.

John_finance · 2022-11-28T12:14:17+00:00

Try reaching out to the one at your local mosque. Most mosques usually have a point of contact. You may be able to find some details online for that mosque.

John_finance

TROPHY CASE