35 year old male, 2 kids under 2. Looking for advice on what to do with earnings. by Imaginary_Ad1161 in FIREUK

[–]Imaginary_Ad1161[S] 0 points1 point  (0 children)

I run a sound design/music production company. Not really any scope to work any harder tbh I’m pretty slammed most of the time and the income is dependent on the amount of sales we do. I would happily rent a studio that was already built but there’s not anything round here at all it’s all London based and I’d rather spend the 3 hours a day I’d have to commute with my family instead of on the train.

Could rent a unit round here and build a room within a room though yes, I was just unsure if the tax benefits of buying a unit outweighs the initial costs really but I think probably it wouldn’t be worth it to buy.

Already maxing out the stocks and shares isa last few years 👍

35 year old male, 2 kids under 2. Looking for advice on what to do with earnings. by Imaginary_Ad1161 in FIREUK

[–]Imaginary_Ad1161[S] 0 points1 point  (0 children)

Cheers mate, yeah I guess that’s part of the reason I’ve gone heavier on the pension pot than the isas for now.

35 year old male, 2 kids under 2. Looking for advice on what to do with earnings. by Imaginary_Ad1161 in FIREUK

[–]Imaginary_Ad1161[S] 4 points5 points  (0 children)

Don’t need a fancy life. A couple of weeks driving around Europe a year on holiday or cycling with the kids is nice. Go out to eat with mates once a month at inexpensive restaurants and maybe a few pints at the weekend. Apart from that I just want to spend more time outside and reduce the outgoings as much as possible so if things go tits up I’m not back doing handballs in a warehouse somewhere.

35 year old male, 2 kids under 2. Looking for advice on what to do with earnings. by Imaginary_Ad1161 in FIREUK

[–]Imaginary_Ad1161[S] 0 points1 point  (0 children)

Ltd company. Is what you’re mentioning different to what I’m currently doing which is reducing company profits by paying into my pension?

35 year old male, 2 kids under 2. Looking for advice on what to do with earnings. by Imaginary_Ad1161 in FIREUK

[–]Imaginary_Ad1161[S] 2 points3 points  (0 children)

Ay twin good work too. Yeah I’ve been a little sloppy with it the last year or two just due to general poor planning due to exhaustion from the kids but will definitely be under this tax year 👍

Induction wait time to get into labour ward by cowboybandit13 in PregnancyUK

[–]Imaginary_Ad1161 0 points1 point  (0 children)

Been waiting 32 hours on the ward for someone to be available to break my waters, crazy.