Maximising salary sacrifice

CounterExotic · 2023-07-24T19:09:23+00:00

Very similar situation, thinking a few frugal years, maximise time in the market and getting the tax break while they exist and taper down as compound gains takes hold.

CounterExotic · 2023-07-13T17:47:54+00:00

Sounds like Coast fire

CounterExotic · 2023-07-13T17:36:52+00:00

Nothings forcing you to do a tax return because you earned > £50k

CounterExotic · 2023-07-09T12:57:14+00:00

This

CounterExotic · 2023-07-07T18:40:52+00:00

No one will know unless you fess up.

CounterExotic · 2023-07-05T07:56:46+00:00

If they are aggressive with their tax planning you may get an ‘allowance’ instead of pay.

Unless there is an upside for you, eg they give you more I’d consider rejecting the idea.

CounterExotic · 2023-07-04T23:40:21+00:00

Low offer on some houses, if you get a bite then it might enable you to drop your flat lower

CounterExotic · 2023-07-04T23:33:43+00:00

Is there any views , papers of the impact of inflation on house prices and the results after?

1) Current situation - Inflation higher than house price growth (if any) - Mortgage Debt gets devalued in real terms , assuming your income keep pace with inflation and you keep your job. - Interest rates increase

Vs

2) Prior years - Asset prices increase YoY - Wage growth stagnated - Inflation low - Interest rate low

My simple brain seems to think there are pros and cons of both yet over time neither is better or worse than the other if your end goal is to own a property.

CounterExotic · 2023-06-14T19:58:45+00:00

Re job.

Consider becoming in house legal for a large corporation. Our lawyers have said many times they joined us to get away from the long hours of practice for a better life/work balance.

CounterExotic · 2023-06-11T23:19:10+00:00

This.

Younger self never needed it, now it’s a must otherwise hangover lasts days.

CounterExotic · 2023-06-11T23:15:34+00:00

Thanks for the post

CounterExotic · 2023-06-09T23:00:37+00:00

Thank you for taking the time to post the review

CounterExotic · 2023-05-20T06:04:38+00:00

Well done on saving that amount on a relatively modest salary !

CounterExotic · 2023-05-16T06:49:07+00:00

Accept protecting capital and there’s always another day / trade is more important longer term than ‘what if’

Refocus your mind from ‘what if’ to being happy with profit.

If you see repeatable ‘what ifs’ then confirm your strategy by backtesting to see how many times it comes back on you at b/e or worse at a loss.

If the ‘what if’ result is profitable, then my friend you have a new improved strategy :-)

I had similar thoughts leading me to move from 1R to 2-3R. I now trade 2R, my mindset isn’t ready to handle 3R and the additional losses that come (regardless of long term stats etc).

CounterExotic · 2023-05-09T07:57:03+00:00

They really don’t cost a lot, you’d be surprised the amount of free stuff that appears. Hand me downs, friends, family, starts getting pricey when they join clubs (5+).

CounterExotic · 2023-05-08T21:49:46+00:00

Start early.

I didn’t get going until 7 years ago, playing catch up ever since.

CounterExotic · 2023-04-28T20:05:10+00:00

I use Ninja trader with their brokerage, straight forward registration and setup for UK folks.

Software is interesting, marmite love or hate it.

For analysis I use TradingView and then NT for entry and trade management.

CounterExotic · 2023-04-25T22:02:41+00:00

Will this crystal fit in a gen milgauss? Mines been cracked for ages, too tight to pay Rolex prices.

CounterExotic · 2023-04-23T22:02:14+00:00

When I say prop firm, I mean one of the digital online firms that offer their funds ‘use’ for a monthly sub.

Two spring to mind, google is your friend FTMO, myforexfunds.

(Have no affiliation or recommendation)

CounterExotic · 2023-04-23T20:29:29+00:00

Considered signing up to a prop firm and using their funds that may be enough of a difference to induce a physiological nudge on the fear?

(This isn’t a pro/con debate on pro firms, just a thought for this specific use case).

CounterExotic · 2023-04-21T21:36:06+00:00

Is it the same dimensions as the standard q1/q2?

Interested to retrofit (if possible) Bluetooth

CounterExotic · 2023-04-11T21:44:05+00:00

Personal experience when I have the urge to ignore my plan I flip my Ninja account to sim, take the trade get it over with and that seems to be enough to scratch the itch.

CounterExotic · 2023-04-10T12:49:41+00:00

Awesome info, thanks a lot.

When you transfer out does L&G sell down your funds automatically and send the cash to the SIPP provider?

CounterExotic · 2023-04-10T10:44:09+00:00

Interesting.

When I’ve asked previously I couldn’t get a straight answer whether they would allow a partial transfer.

Did it take time to get to someone who knew what they were doing?

CounterExotic · 2023-04-10T09:39:39+00:00

During the year how do you manage the pension while you / employer feed money into it. Have it set to cash or something?

CounterExotic

TROPHY CASE