Originally posted by northernladuk
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Drawing dividends over higher tax threshold - should I?
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Originally posted by northernladuk View PostSorry for quoting your example TF but to you guys investing in these you are taxed on the interest and then taxed when you divi it out to yourself yes? so doesn't leave much on a few percent unless you have a lot in the co? Am still crossing my fingers someone will come up with something worthwhile no one has spotted yet.Comment
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Originally posted by TheFaQQer View PostAs a clarification, I was merely answering the question - I don't invest in any of them. I don't take dividends that would put me over the 40% threshold either.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by TheFaQQer View PostAs a clarification, I was merely answering the question - I don't invest in any of them. I don't take dividends that would put me over the 40% threshold either.Comment
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Originally posted by smalldog View PostIm always staggered when I hear people surviving under the 40% tax threshold, you living in a cave and driving an old skoda or something?? How on earth......'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by smalldog View PostIm always staggered when I hear people surviving under the 40% tax threshold, you living in a cave and driving an old skoda or something?? How on earth......
There are plenty of people living more than happily on that kind of salary and even paying tax and NI on top of it.Comment
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Originally posted by smalldog View PostIm always staggered when I hear people surviving under the 40% tax threshold, you living in a cave and driving an old skoda or something?? How on earth......
Down south, you'd only get a bedsit for that!Contracting: more of the money, less of the sh1tComment
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Originally posted by kingcook View PostNope. I live up north. Where they don't charge to drive on roads, and i can buy a 4 bed detached house on a nice estate for £250,000.
Down south, you'd only get a bedsit for that!Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by smalldog View PostIm always staggered when I hear people surviving under the 40% tax threshold, you living in a cave and driving an old skoda or something?? How on earth......Originally posted by northernladuk View PostHave you done the sums? It is hardly being on the breadline particularly if you partner works or is a shareholder as well.Comment
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Originally posted by rd409 View PostIncome under 40% tax threshold is quite a lot to be honest. Even if you are the single shareholder it equates to something around 3500 a month plus expenses. That kind of income is definitely livable even in London imho.
There are plenty of people living more than happily on that kind of salary and even paying tax and NI on top of it.
Im seriously impressed if you can live off that in a year taking into account things like mortgages, cars, holidays, kids or maintenance, home improvements and unexpected things like stuff breaking...oh and of course Hector asking you to make SA payments on accounts every 6 months, granted lot less if your under the 40% threshold. Guess I just need to try and clear my debts quicker so I can at least try and get under it at some point in my life...Comment
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