Where does your warchest reside?

[No2politics]

Where does your warchest reside?

Correct but is so yesterday calling SWMBO 'the wife'. Partner is so much more PC. Psycho is married though, just his choice of words.

When a bloke mentions his 'partner' in the back of my mind I always think, tulip is he gay? (Not that there is anything wrong with that)

[barrydidit]

When a bloke mentions his 'partner' in the back of my mind I always think, tulip is he gay? (Not that there is anything wrong with that)

Not really professional forum material, but my gaydar usually twitches when a bloke refers to 'my other half'. Doesn't apply when girlies say it though.

On the warchest front, mine is currently residing at 0% interest in business current account. Once I know my final earnings from permiedom (should find out end of March) then i'll take a dividend to take me up to the 40% threshold. After that i'll be taking the 42k route and trying to find an interest bearing business savings account to build up what i will regard as my warchest. This will be totally unrelated to any personal savings i may make from the 42k salary/dividend monies. I'd have thought this was the most obvious option for starters.

[northernladuk]

What is acceptable to call the female side of your relationship when you are not married then? I use both of those. I cant say girlfriend at my age.

Check out santander. The do a 2 odd percent business saver account.

[jamesbrown]

Or ING Direct (soon to become Barclays). They had a 2% account, at least until recently. Funding For Lending has killed savings rates and business rates have always been lagging.

[jmo21]

Or ING Direct (soon to become Barclays). They had a 2% account, at least until recently. Funding For Lending has killed savings rates and business rates have always been lagging.

dropped to 1.5% now.

[ThomserveBAS]

Coming from the same thread that spawned this discussion, my warchest is a mixture of tax-free accounts supplemented by any other "high rate" accounts I can find.

I have maxed out both my own and my wifes ISA allowance with cash from the business, I then have a number of regular savers on the go (one 8%, one 4%) and then remainder is going in to other options (such as P2P lending).

This being my first contract, I set myself a target of setting aside a number of months salary set aside equal to the number of months my contract ran for (so I've achieved 6 months of salary squirreled away in the 6 months I've been contracting).

I understand that having easy access to my cash in this way is tempting but as I see it, that cash will fund my time on the bench not a new car/clothes/shoes for the wife.

I'm about to start my first extension (6 months) so am now using up whatever savings accounts are left and then will start to build a buffer in the business account (paying a paltry 0.05% or equally sickening rate).

Helpful to say that I have a 50/50 shareholding of my LTD and the other half is only earning around £19k so works well for us.

[ThomserveBAS]

...and all my corporation tax/VAT is in ING earning 2%.

[psychocandy]

Not partner per se, doesn't it have to be married couples?

I believe so, yes (as per Arctic case). Forgot about that. Worth getting married for? ;-)

[psychocandy]

Correct but is so yesterday calling SWMBO 'the wife'. Partner is so much more PC. Psycho is married though, just his choice of words.

wonder if same sex civil partner would work though? Not that I'd be interested but it would be a bit unfair if it wasn't.

[psychocandy]

When a bloke mentions his 'partner' in the back of my mind I always think, tulip is he gay? (Not that there is anything wrong with that)

Used to work with a fella who mentioned his partner called Alex. Did wonder. Turns out she was a cracking tall blonde bird....