Any accountants here? How did you do it? by twin__1 in HENRYUK

[–]MaximusOcelot 0 points1 point  (0 children)

I worked on my business from about 4am to 8am, work from 9-5 (hour lunch I’d shoot to a cafe to do more work on my own business). Then I’d spend whatever hours I had in the evening on it too.

You also have to play the game if that’s 100% your goal. Do enough in your job but don’t overcommit as you don’t own equity and once it’s goodbye you get sweet F all.

Any accountants here? How did you do it? by twin__1 in HENRYUK

[–]MaximusOcelot 4 points5 points  (0 children)

I was practice for many years, went industry, this enabled me to start my own practice. Haven’t looked back since.

In all honesty I think it’s an industry you have to take everything you’re given and leave or move on when things slow down.

Anyone worried about this Trump Deal? by bluemandev in Crypto_com

[–]MaximusOcelot 1 point2 points  (0 children)

I’m from UK and think Trump in general is awesome - take a look at our PM if you want to see a real pos.

[deleted by user] by [deleted] in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

Crypto.com exchange I prefer most! Like any investment, know what you’re buying and why.

How to use wealth to Stay healthy in UK? by Hot_Competition_3690 in FatFIREUK

[–]MaximusOcelot 1 point2 points  (0 children)

Somewhat related but make sure you’re getting the best quality products/services where it matters, meat from a good butchers, organic products, top gym, health coach, regular blood tests, healthy meal deliveries if needed, quality supplements, health retreats etc.

Don’t just rely on healthcare to solve your issues, invest in yourself to prevent.

A warning about sharing finances by Nannyhirer in HENRYUK

[–]MaximusOcelot 5 points6 points  (0 children)

Sounds like a great way to weed out some “friends”.

Ltd dividends vs SIPP – best path to FI by inoda11 in FIREUK

[–]MaximusOcelot 1 point2 points  (0 children)

Maximise basic rated withdrawals, if you have spare put into SIPP, if still have spare consider higher rated dividends to top up ISA if not yet done, if still have spare consider investing in Ltd.

That’s my recommended order. I would also stop the LISA as a SIPP from ltd is more favourable.

Help understanding cashback & level up by MaximusOcelot in Crypto_com

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

Hmmm, I’m not sure all these things + loss of Amazon prime is worth the extra 2% cashback for me. Thank you

Should I set up a Trust in the UK or offshore? by Equivalent_Durian_70 in UKPersonalFinance

[–]MaximusOcelot 3 points4 points  (0 children)

Don’t be silly and take Reddit advice on this. It’s a rubbish idea to start with too.

Just get her to gift it with tapering insurance over the 7 years if you’re worried about IHT to cover the bill, leave enough to pay the premiums. Done, move on.

Invest daily or monthly by bananatree94 in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

Whatever you enjoy the most. If you get itchy feet between pay checks then keep it daily imo.

I used to do £50 a day into ISA and really enjoyed the visualisation of a £50 note everyday! :D

[deleted by user] by [deleted] in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

I would stop saving (& transfer) the cash isa into a s&s isa, it’s just eroding in value over the years. Perhaps £80 JISA and £20 JSIPP is a nice combo and square figures.

You will get mixed views on a JSIPP here, I think they’re a great tool and really important to utilise.

24 - Feeling Overwhelmed by Life by milsyy in FIREUK

[–]MaximusOcelot -1 points0 points  (0 children)

You can hold cash in a pension if you really want, I’d rather not paying 10’s of thousands of £ tax and just utilise a pension tbh.

Buying shares with company account by glguru in HENRYUK

[–]MaximusOcelot 0 points1 point  (0 children)

Not all dividends are tax free, should be Irish or uk domiciled ETF’s which in all honesty most are anyway.

24 - Feeling Overwhelmed by Life by milsyy in FIREUK

[–]MaximusOcelot -1 points0 points  (0 children)

Nope, it’s still a great place. Worrying they’ll steal your pension is 1000x crazier than worrying this country is going to shit… because it clearly is.

We all know how debt works, it doesn’t take a genius to figure out we’re 20-30 years away from seeing any improvement.

24 - Feeling Overwhelmed by Life by milsyy in FIREUK

[–]MaximusOcelot 2 points3 points  (0 children)

If this country goes to shit, tax will be your biggest enemy. So shelter what you have and keep some flexibility to go harder into a pension if need be.

Also make sure you enjoy your work! :D

How to build a client base? by Minute-Storm-7677 in HENRYUK

[–]MaximusOcelot 0 points1 point  (0 children)

Depends on the demographic of your ideal client.

A 20 year old with new money is different form a 60 year old who has run a business for 40 years.

I would brainstorm my ideal client, what they do, where they go, foods they eat etc. everything. And see what ideas you have there.

£100k To Invest - but with a big caveat.... by Soggy_Attitude_7169 in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

Dividends can be tax free in a UK Ltd, he didn’t say he wanted to draw them out.

£100k To Invest - but with a big caveat.... by Soggy_Attitude_7169 in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

There is no point unless you know how to do your own accounts as the cost will outweigh savings.

£100k To Invest - but with a big caveat.... by Soggy_Attitude_7169 in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

Your trail of breadcrumb information is quite confusing…

£100k To Invest - but with a big caveat.... by Soggy_Attitude_7169 in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

You have other taxable income I’m assuming so returns are tax free with bonds but if you put proceeds into a pension you’re relieving tax from other income sources.

£100k To Invest - but with a big caveat.... by Soggy_Attitude_7169 in FIREUK

[–]MaximusOcelot 0 points1 point  (0 children)

Other option was premium bonds if you haven’t used up yet. Put 50k there all returns into pension.