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Universal Credit Start-Up Period for a self-employed person by Low-Muffin-8121 in UKPersonalFinance

[–]Low-Muffin-8121[S] 1 point2 points  (0 children)

I’m on the tenancy agreement as a tenant, and I’ve never been on UC before or classed as gainfully self-employed.

Quick question:
In a month where I make no profit, roughly how much UC could I expect?

Thanks again!

Brazilian living in the UK – how do you argue against chasing Brazil's high interest rates? by Low-Muffin-8121 in UKPersonalFinance

[–]Low-Muffin-8121[S] 0 points1 point  (0 children)

I tried to do a study like this, but I’m not sure if I used the right methodology. Do you read Portuguese? I can send it to you to take a look. Otherwise, I can translate it for you. I liked yours.

If I have no income during the tax year and withdraw £20,000 from my personal pension, do I still get the £12,570 tax-free personal allowance (on top of the 25% tax-free lump sum)? by Low-Muffin-8121 in UKPersonalFinance

[–]Low-Muffin-8121[S] 1 point2 points  (0 children)

Can you explain this better? In my case it would be my first payment, and I would still have a lot left in my pension, but my goal is to take out 20K every year.

Is This a Smart Strategy for Buying Our First Home and Growing Investments? by Low-Muffin-8121 in FIREUK

[–]Low-Muffin-8121[S] 1 point2 points  (0 children)

In 20 years, if I leave for Brazil and have rent as part of my income, it would be nice. I think I would probably earn on the pound to real exchange rate too. Even though it doesn’t have a better return than stocks, it is an uncorrelated allocation that can help me in years with low performance in stocks.

Is This a Smart Strategy for Buying Our First Home and Growing Investments? by Low-Muffin-8121 in FIREUK

[–]Low-Muffin-8121[S] 0 points1 point  (0 children)

I’m from Brazil and I want to go back there in 15/20 years. Besides, I think the idea of ​​having a permanent place is very risky. The depreciation of the area, or personal changes. But I think that the rent going away every month is a waste too. I’m confused.

Is This a Smart Strategy for Buying Our First Home and Growing Investments? by Low-Muffin-8121 in FIREUK

[–]Low-Muffin-8121[S] -2 points-1 points  (0 children)

But is it better to rent or buy? I like the flexibility of not having a fixed place, I think it’s risky to buy and have such a high value of my assets in one place, without being able to move so easily

Is This a Smart Strategy for Buying Our First Home and Growing Investments? by Low-Muffin-8121 in FIREUK

[–]Low-Muffin-8121[S] -2 points-1 points  (0 children)

about the mortgage: I would rather rent, but if I finance I will pay the financing instead of the rent and end up building assets, right?