Can I afford to buy?

[ChimpMaster]

I hear you. I suppose I'm thinking that by paying so much extra tax, you are running the business like a permie without the security, holiday pay, sick pay etc.

Taxation is only for the middle classes. The wealthy and the big corporations need not worry while Gideon is in charge.

So yes, you should look to minimize it as far as you practically and legally can. The less tax you pay now, the more funds you will have to build your future with.

I don't disagree with NLUK and I would try to attain a certain standard of living before worrying about taxes, but ultimately you have to balance your means with your needs and your wants.

Rich people stay rich by living like they're broke. Broke people stay broke by living like they're rich.

[northernladuk]

heyya99, what is the answer you want us to tell you with regard to your question about being able to afford to buy the flat?

Booom, there it is. Should have been post number 2 this with hindsight lol.

[northernladuk]

Taxation is only for the middle classes. The wealthy and the big corporations need not worry while Gideon is in charge.

So yes, you should look to minimize it as far as you practically and legally can. The less tax you pay now, the more funds you will have to build your future with.

I don't disagree with NLUK and I would try to attain a certain standard of living before worrying about taxes, but ultimately you have to balance your means with your needs and your wants.

Rich people stay rich by living like they're broke. Broke people stay broke by living like they're rich.

Hee hee.. This ^

What you have to work out is which part of your future is the bit you are building up to though. No point missing out for the next 10 - 15 years and then being stuck in a mindset you can't spend it. It is a balance that I don't think should be driving by tax levels. There are some people that withdraw it all, spunk it on high tech stuff and a lifestyle and live hand to mouth, more the fool them. There are others that curtail their lifestyles chasing tax levels when there is no need to, more the fool them as well. There is a lot in between these two that apply a common sense budget and balance saving and spending to achieve a happy equilibrium whilst keeping one eye on the tax bands. I know which one I'm happy to be.

BTW on the broke people living like they are rich... They are giving the full 29k years worth of benefits to some families in one go and then watch what they do. Should be a bit of car crash TV to get the blood boiling.

[heyya99]

BTW on the broke people living like they are rich... They are giving the full 29k years worth of benefits to some families in one go and then watch what they do. Should be a bit of car crash TV to get the blood boiling.

Whilst the bankers get a sympathetic ear because their bonuses are cut.