Millionaires. They are leaving to settle in other countries.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Britain has a new booming export
Collapse
X
-
-
As the UKs most wealthy are mainly non-dom with offshore banking it makes hardly any difference to the economy"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell -
Originally posted by Paddy View PostAs the UKs most wealthy are mainly non-dom with offshore banking it makes hardly any difference to the economyI am what I drink, and I'm a bitter manComment
-
Originally posted by Whorty View Post
But this isn't 'most wealthy', it's those with a million dollars or more ... I'm guessing quite a few of us on here have that if you include our property (that we'd presumably sell to leave the UK)
So, I doubt there will be many on here who are millionaires in that sense.Comment
-
Originally posted by edison View Post
Definitions for net worth usually only include easily liquidated financial assets and exclude illiquid assets such as property.
So, I doubt there will be many on here who are millionaires in that sense.
Having said that if most of your wealth was tied up in property it wasn't doing much to help the economy and it wont be missed when you leave, unless you were withdrawing home equity as loans and putting that to work back into the economy..Comment
-
Originally posted by edison View Post
Definitions for net worth usually only include easily liquidated financial assets and exclude illiquid assets such as property.
So, I doubt there will be many on here who are millionaires in that sense.
When 1 BTC == £1mln
First Law of Contracting: Only the strong surviveComment
-
Originally posted by edison View Post
Definitions for net worth usually only include easily liquidated financial assets and exclude illiquid assets such as property.
So, I doubt there will be many on here who are millionaires in that sense.
I know if I was to move to say Oz or similar, I'd fall into these numbers ... which I find slightly interesting as I don't see myself as particularly wealthy (although my wife worked for an investment company and I fell into their net worth client list so who knows.....)
To calculate your net worth, you subtract your total liabilities from your total assets. Total assets will include your investments, savings, cash deposits, and any equity that you have in a home, car, or other similar assets. Total liabilities would include any debt, such as student loans and credit card debt.I am what I drink, and I'm a bitter manComment
-
Originally posted by Whorty View Post
A quick Google suggests it's all assets less all liabilities. So property would be included. Plus, if your were moving countries you'd sell up (most likely) as part of the move so your house sale would result in cash.
I know if I was to move to say Oz or similar, I'd fall into these numbers ... which I find slightly interesting as I don't see myself as particularly wealthy (although my wife worked for an investment company and I fell into their net worth client list so who knows.....)
Always forgive your enemies; nothing annoys them so much.Comment
-
If you step back and look at the U.K. with fresh eyes, you'll see how sh1t it really has become. If you didn't have strong ties - such as family, friends or a specific need to work here - why would you want to live in this sh1thole? Incumbent and future govts are going to rape the middle classes even more over the next 10+ years, so don't think this is a country where hard work is rewarded.Comment
-
Originally posted by vetran View Post
have a look where you fit on the ONS earning percentile. I suspect most of us are in the top 20%. We are very comfortable.
https://www.varbes.com/your-money/ne...-calculator-uk
I am what I drink, and I'm a bitter manComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment