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What would you do with ones years income?

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  • TheDude
    replied
    Originally posted by Protagoras View Post
    Presumably this is non-taxable. On that basis, there's no point putting it into pension.

    A few years ago, I received a 'windfall'. I put this into the best interest-paying account I could find and then used it to bring forward transition from full-time work to early retirement / part-time work.

    If I'd had any high-cost debt, I'd have looked at paying down on that.
    Good point. I guess I could hugely overpay pension from contracting and partially live from tax free windfall whilst getting the best interest rate I can from it.

    Leave a comment:


  • Fraidycat
    replied
    Originally posted by TheDude View Post

    Anyone been in this position recently and what did you do?
    Do what hunter did! (Hookers and Crack)

    Hunter Biden spent $30k in five months on 'the girlfriend experience'

    https://www.dailymail.co.uk/news/art...ts-reveal.html

    Click image for larger version  Name:	59686521-10966153-image-m-42_1656536323585.jpg Views:	0 Size:	93.0 KB ID:	4252057

    Leave a comment:


  • Protagoras
    replied
    Presumably this is non-taxable. On that basis, there's no point putting it into pension.

    A few years ago, I received a 'windfall'. I put this into the best interest-paying account I could find and then used it to bring forward transition from full-time work to early retirement / part-time work.

    If I'd had any high-cost debt, I'd have looked at paying down on that.

    Leave a comment:


  • TheDude
    started a topic What would you do with ones years income?

    What would you do with ones years income?

    I have just received a windfall equivalent to about one years gross income from contracting.

    I am unsure what to do with it - my heart says it should go in the pension pot but property is also an option. I could also risk the lot trying to escape the drudgery of writing code for faceless corporations and doing something I really want to do.

    Anyone been in this position recently and what did you do?

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