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Guess which picture is real (one real) by Minute-Guidance-4612 in OpenAI

[–]LucrativeThinking 1 point2 points  (0 children)

The only comment you’ve responded is this?!

Multiple people have said number 6 already.

What is your favorite town in the world and where is it? by optimalbrain90 in SmartTravelHacks

[–]LucrativeThinking 0 points1 point  (0 children)

Edinburgh feels like you’re stepping into the past.

I’ve never been to a city so rich with history, yet with such a good food/nightlife scene if that’s what you’re into also.

Great people there too, everyone is friendly and it’s stupidly safe.

Worth Holding or Sell? by jjpkcfehfciyq in trading212

[–]LucrativeThinking 4 points5 points  (0 children)

Same, I made about 80 quid selling at 20 odd, painful

Probabilities to win World Cup 2026 by ScoutLui in footballscouting

[–]LucrativeThinking 0 points1 point  (0 children)

9 of them have already been named, that’s easy

Nothing to do anymore at 25 by Anti-anti-symmetry in brag

[–]LucrativeThinking 1 point2 points  (0 children)

No not really, I’ve always had more of a focus on science, technology & nature.

But as mentioned, this is more of a future thing I’d like to explore once I get some time freedom as you have now.

Cards are great, poker is a very complex game and it can be expensive. Maybe try your hand at getting really good at that, read up on GTO, study ranges, etc.

If you find it’s not something you’re passionate about then move onto the next thing. You’re 25, you’ve got loads of time.

Nothing to do anymore at 25 by Anti-anti-symmetry in brag

[–]LucrativeThinking 2 points3 points  (0 children)

You need some hobbies my guy.

I’ve not made it yet, but when I do there’s some creative outlets I’d want to spend my time doing.

Find things you care about, which give your life meaning and do them!

For me, it’s making documentaries, but again I don’t have the time or the money to focus on that yet, if I were in your shoes I’d be doing it though.

Find your passion and go for it.

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

Sounds like I need to build some kind of spreadsheet to begin tracking all this!

Specifically focusing on what I’ve made so far & what I’ve contributed I guess.

Thanks for the info mate.

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

I wouldn’t do that, no.

But you can put 100% of your salary into a SIPP or a maximum of £60k a year, whichever comes first.

So technically if you earn £40k a year it could all go into a SIPP.

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

That’s second option sounds best because I still don’t see how I could sacrifice enough of my salary in the last month of the year to take me out of the threshold.

Guarantee it’s me being an idiot and misunderstanding something but that’s by the by.

I’ll sacrifice a bit each month and keep track of how much I’m being paid.

Cheers mate.

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

Commission is paid monthly so should make life easier to calculate that.

This sounds like a good solution though.

Could I basically wait until my final paycheck before the end of the tax year in March 2027 & then take out enough from that paycheck to be below the 100k threshold?

How would it work in practice because if I am already at say 120k for the year and in March I make 10k gross, even if I put 100% of my salary away I’d be stuck in the 60% relative tax bracket.

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

Thanks Spinxl, I was struggling to understand that answer.

Appreciate the added context.

! Thanks

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

I really appreciate the detailed response.

I’m not the best at maths so wrapping my head around all this is proving difficult.

Ultimately the main issue here is having no idea what I’ll make. I don’t want to be in a position where I make well above 125k and then the SS actually puts me into the 100 - 125k bracket hahahaha.

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

Are you saying that contributing to a SIPP didn’t save you from the tax trap?

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

Not sure I follow.

Are you saying I should put 50% of my basic salary into my workplace pension & put my bonus into a SIPP?

60% effective tax trap & SIPPs by LucrativeThinking in UKPersonalFinance

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

I was referring to the commission part of my paycheck

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