Tag: UK

What are the best-rated money budgeting apps in the UK?
Are you tired of overspending? No matter how much you earn, you always end up being broke at the month-end? If you are wondering why you can’t save money, this article is the right place for you. Poor financial management is one of the biggest reasons why people can’t keep from their earning. But what causes more trouble is that people think budgeting or managing money is an arduous task.

Honestly, budgeting money used to be a problematic job years ago, but it has become a hassle-free task with decent money management apps. Various developers in the UK made apps to ensure easy budgeting. However, since there are plenty of such apps, some people develop fake apps to scam people. Here is a list of apps you can trust with your bank details
- Yolt
If you have a habit of spending all your income, it can be an excellent opportunity to track down your spending and prevent yourself from them. Yolt allows you to see all of your accounts along with the prepaid credit or debit card for spending. You can see highlighted sections where you spend most of your money and set a budget target accordingly. You can also transfer money from one account to another using this app. It is a free app.
- Moneyhub
Moneyhub comes with a spending analysis tool that gives you insight into your spendings. It allows you to see all your accounts and manage them from one single app. The best part about this app is setting boundaries on your spending by setting a limit. You will also get reminders of due bill payments. However, it is not a free app; you have to subscribe to it for 99p per month.
- Money Dashboard
Among all the decent finance management apps, money Dashboard is at the top of the list for the last few years. It allows you to see your spendings with a graph representing several factors of your spending. The best feature of this app is that you can set multiple budgets while predicting and planning the budget for the future.
- Emma
Apart from having all the standard features of a money budgeting app, finding wasteful subscriptions has a unique element. It allows you to use all your accounts from a single app and highlights the wasteful subscriptions for you. With this app, you have to invest a minimum amount as a monthly saving. It comes with various advice and recommendations for money budgeting based on your plans.
July 31, 2021
Are you a non-resident of the UK? Here is where you can open your bank account
No matter how country you live or work, it’s essential to have a bank account there. Especially in countries like the UK, a bank account is a must-have for every person. If you already live there or will shift soon to the UK, opening a bank account, you need first to do one of the most important things. It was a critical task for immigrants to open a bank account in the UK. However, the bars have come to a lower point, making it a comfortable job for immigrants to open their bank account in the UK.

If you are an immigrant in the UK and want to open your bank account, you need to understand a few things such as what documents you require to work further, which bank you choose, etc.

Things you need to open a bank account in the UK
- There is nothing without identity. Since this article is for Immigrants in the UK, they need to provide their passport as photo ID proof.
- Secondly, you must show your address proof. However, being an immigrant, if you don’t have address proof yet, you can still open an account. Banks have made a flexible account opening opportunity for immigrants. If you are an international student, you can provide an acceptance letter from your university as a document. If you are a worker, you can provide a confirmation letter from your employer, etc.
Most popular banks for opening immigrants account in the UK

A common question international people ask is which bank is the best for opening an immigrant bank account. Honestly, there is no answer for this. Most of the UK banks treat both domestic and international people in the same way. However, some banks in the UK have more beneficial schemes and a comfortable interface for their customers.

As an immigrant, opening a bank account in Barclays, Lloyds, HSBC, and Natwest will be a fantastic idea. These are the big four banks of the UK. Most of the people in the UK have their accounts in these banks. Even though many banks are available for immigrants to open a new account, choosing any of these four banks is a better option.

Conclusion

The best part is that you can open your international bank account in these banks even before arriving in the UK through online procedures. It will be better to choose the one with more benefits matching your requirements.
July 31, 2021
Fundamental changes in the new UK immigration policy 2021
Are you immigrating to the UK anytime soon? An immigrant needs to know all the country’s policies where they want to go. The UK has some strict rules or guidelines for immigrants. However, in March 2021 i.e., the home office declared some changes in the UK immigration policies this year. The new set of immigration policies started taking effect on 6th April 2021.

Most of the new immigration policy is about the worker and study route. Moreover, many new appendices are there. There is a new implementation of the Graduate route, amendment of skilled worker route, and intracompany transfer or formerly know as ICT routes. Even though there are several changes, here are some of the critical differences in the new UK immigration policies

New upgrades in immigration policies

Since the new changes relate to worker routes and study routes, it will be better to start with the critical differences in the worker route.

ICT route
- In the new immigration policy, the home office announced a reinstatement provision for intra-company workers. The change is for workers connected with intra-companies before 6th April 2011, to the time limit applied in the intra-company route. The new immigration policy allows eligible workers to extend their permission to work in an intra-company for five years with each application.
Skilled worker route

The new immigration policy declares expansion of shortage occupation for several sectors. Healthcare professionals, nursing auxiliaries, pharmacists, physiotherapists, healthcare services, public health manager and directors, laboratory technicians for healthcare and other sectors, these are all the sectors that come under this new immigration policy from the home office.
- The annual salary level in the UK is £25,600. The home office mentioned that employers must pay a minimum of £10.10 to migrants for every hour. employers often increase the work hour of migrants to achieve the yearly salary level. It is a common scenario when employers tend to move migrants to a lower salary threshold. However, with the new rules, if an employer wants to drive a migrant, they must submit a new application.
Conclusion

There are several changes in the policies apart from the ones written above. Another difference is that a EUSS applicant might face rejection if there is some issue with their conduct since 1st January 2021. For a migrant, it will help if they go through all the major and minor changes made in the new UK immigration policy.
July 31, 2021