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Investments - Strategies, Ideas, Options & advice

hambugerpete said:
Don't know TBF, but you can make up to 60k per year pension contributions so that leaves some scope if outgoings allow.
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Here you go... if I change this to 20% into Pension. Assume company matches upto 10%.. so about 60k into pension..
Then you are left with 97k or about 8.5k per month. That is a tough choice.

Someone on 200k+ will have outgoings to match. If you are in london then that is even tighter. Avg private education is about 20-30k per child per year from post tax salary. 2k of mortgage is another 24k. So a single child + mortgage will eat more than half your post tax salary.
Add another child and outgoings, now you are walking a tight rope or dependent on partner's income. (PS: lets not argue pvt education and life choices).

So the comparative post still stands.. we as a nation are not doing enuf to attract or retain talent and wealth.

1753953587883.png
 
Mudball said:
Here you go... if I change this to 20% into Pension. Assume company matches upto 10%.. so about 60k into pension..
Then you are left with 97k or about 8.5k per month. That is a tough choice.

Someone on 200k+ will have outgoings to match. If you are in london then that is even tighter. Avg private education is about 20-30k per child per year from post tax salary. 2k of mortgage is another 24k. So a single child + mortgage will eat more than half your post tax salary.
Add another child and outgoings, now you are walking a tight rope or dependent on partner's income. (PS: lets not argue pvt education and life choices).

So the comparative post still stands.. we as a nation are not doing enuf to attract or retain talent and wealth.

View attachment 58954
Click to expand...
Some serious assumptions there, really just a waste of time , the OG post is just click bait, it makes no meaningful comparisons.
 
Pants said:
Oh how my heart bleeds for those having to pay that much tax :rolleyes:
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it is not too much tax in ££ terms that i have a problem... I have a problem with our tax slabs.

If high earners have to give away 45-50% as tax, what is the incentive to stay or comply with taxes? It is also happens at the other end. Tradesmen who do cash only deals. everytime you agree on it, it is tax evasion by you and that tradesman. It is 5k to do a bathroom refit or 3.5k in cash. I am guessing which one people want to go for.
 
Mudball said:
it is not too much tax in ££ terms that i have a problem... I have a problem with our tax slabs.

If high earners have to give away 45-50% as tax, what is the incentive to stay or comply with taxes? It is also happens at the other end. Tradesmen who do cash only deals. everytime you agree on it, it is tax evasion by you and that tradesman. It is 5k to do a bathroom refit or 3.5k in cash. I am guessing which one people want to go for.
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TBF my local Chinese is cash only , but the food is amazing 😂
 
Pants said:
Oh how my heart bleeds for those having to pay that much tax :rolleyes:
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The tax bands are a bit of a mess and overly complicated, not to mention they havent changed In a long time, massive fiscal drag basically.
 
Hey. I'm not complaining but looking at Mudball's chart, the tax paid is more than 5 times my state pension. No wonder I'm not a golf club member in the South East anymore.

As a MD I once worked with said - I don't mind (too much) how much tax I pay, the more I pay the more I take home.
 
Pants said:
Hey. I'm not complaining but looking at Mudball's chart, the tax paid is more than 5 times my state pension. No wonder I'm not a golf club member in the South East anymore.

As a MD I once worked with said - I don't mind (too much) how much tax I pay, the more I pay the more I take home.
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About 5-10 years ago, i would say that.. but progressively as the personal allowance has tapered off and higher tax braceket and the rest not moving around...... this is no longer true..

Unless you can break free to 500k then it is much better. The 100-300k is squeezed (i hear heart bleeding)... but this is the middle we want more of.
 
Looking at adding some bond mix, probably 20% of overall portfolio.
AEGG looks like a solid buy, as opposed to buying gilts/bonds directly.
It's an all world etf, set and forget basically
 
A friend recently moved most of his pension from his company to another provider (Amber River ). he says over the last 6-8 months, it has given him a 20% jump. I had to ask him to relook at it with the lens that all markets have gone up and may not just be a provider thing.
 
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The tarif man is spooking the markets again, maybe not quite as bad as previously.

D day for Lloyds and others today, with the supreme court set to rule on the car finance case.
 
GreiginFife said:
I wonder if this ruling sets a dangerous precedent of “pursuing commercial interests” trumping the FCA conduct pillar of “Treating Customers Fairly”.

The two do not seem to go hand in hand.
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I listened to the ruling in full. The reasoning behind the judgment seemed sound to me. The unfair treatment ruling was upheld, the other 2 rejected
 
GreiginFife said:
Not heard it all yet. Just can’t see how free rein to put commercial interests before fair treatment works. But will probably become clear when I go deeper in to it.
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It's been common knowledge for the 30 years I've been buying cars that dealers make commission selling us finance. It's odd to me that any car buyer would believe that a car dealer has the customer's best interests at heart.
I don't really understand how any car buyer has thought differently.
 
RichA said:
It's been common knowledge for the 30 years I've been buying cars that dealers make commission selling us finance. It's odd to me that any car buyer would believe that a car dealer has the customer's best interests at heart.
I don't really understand how any car buyer has thought differently.
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It was one of the points made today in the ruling, that it's not reasonable to expect the car dealer to hold a fudiciary duty toward the buyer.
 
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