Bankruptcy

[milanbenes]

I know lots of 2-parent middle-class families who manage to raise 2,3 or even 4 children on a combined income of £40-50k. So 12 years on ~£400/day is still a lot. If a well-heeled contractor can't raise a family and savings at the same time, how does anyone make it to retirement?

Quite

my point exactly

it's cos, when they was younger, they had all the toyz

and now, they're scratching their heads saying, eh, what happened

Milan.

[BlasterBates]

If you are working in Germany make sure it is above board and you are declaring all your income. There are no tax loopholes. Schemes that split your income are illegal.

You should be a "Freiberufler", could be through a managed co.

If you are claiming expenses you need to check how long you can do this if you're working in the same place all the time. I'm not sure on this one. One contractor I knew couldn't claim but maybe it is different if you have a family.

[SueEllen]

I know lots of 2-parent middle-class families who manage to raise 2,3 or even 4 children on a combined income of £40-50k. So 12 years on ~£400/day is still a lot. If a well-heeled contractor can't raise a family and savings at the same time, how does anyone make it to retirement?

Because one of them works in the public sector or similar with a decent final salary pension?

To be fair the main thing that is killing you is your accommodation costs.

[Old Greg]

Because one of them works in the public sector or similar with a decent final salary pension?

To be fair the main thing that is killing you is your accommodation costs.

40 to 50k is more than manageable if you bought a house when houses were cheap.

[sasguru]

ok,

I accept life does not always work out that way,

but the argument that everyone has different priorities I don't accept,

because those don't make it their priority in their 20s and 30s and 40s to
work hard and put some security behind them, because perhaps their priority
is to do other things, should not subsequently complain when they find themselves
moving into middle age skint

Milan.

You're quite mouthy and patronising for some hick from the sticks who lives in the arse end of nowhere, does mind-bendingly dull stuff for a living and thinks a Passat is the height of sophistication, eh?

[milanbenes]

and your point is ?

you agree with the wisdom or disagree ?

Milan.

[sasguru]

and your point is ?

you agree with the wisdom or disagree ?

Milan.

Well my point is that it depends on what you think life is for.
Doodab has had a great time in his youth with the women, wine and song.
Your youth has been spent changing tapes in some dingy basement in some central European tulipe hole.
So when your life flashes before you in your final momements, your index-linked pension plan will not figure highly on it.

HTH

[milanbenes]

i see

thanks

Milan.

[SueEllen]

40 to 50k is more than manageable if you bought a house when houses were cheap.

If you were young enough to buy a house when it was cheap.

BTW you can live on less than that if you got a house when it was cheap. One of my siblings' mortgage is something like £60 a month.

[MarillionFan]

If you were young enough to buy a house when it was cheap.

BTW you can live on less than that if you got a house when it was cheap. One of my siblings' mortgage is something like £60 a month.

I believe if you get knocked up at 15 and leave home, you can in fact get a free house, council tax, income support, child care and lots of other benefits. In fact, you don't even need a job!

Jobs are over rated.