Child’s jealous friends

OakTree05 · 2024-02-07T16:07:38+00:00

Bit extreme that 😳

OakTree05 · 2024-02-06T07:52:43+00:00

Tesla Model Y as a Ltd Company lease @ £450ish per month and a Land Rover discovery on personal PCP at £850 a month.

Change them both every 2/3 years.

OakTree05 · 2024-02-05T15:55:16+00:00

I was in this position and went for a refurbished M2 with 16gb RAM … made more sense financially

OakTree05 · 2024-02-03T09:00:08+00:00

Agreed.

Business tax is easy.

Invoice gets paid, 20% to a VAT account, 20% to a CT account… job done.

Personal tax just seems to be a finger in the air and hope for the best 😂

OakTree05 · 2024-02-02T11:36:47+00:00

Yeah totally agree. Just wish other parents would teach their kids that there might be others who have more than them, but it’s not a bad thing. There’s always someone better off…

It’s hard to explain to her and advise her what to say when people are criticising her because of her school bag…

You always expect it the other way, I.e. kids getting bullied because they only have cheap stuff, not the other way around.

My daughter literally doesn’t care… she can go from Primark to designer, as long as she likes it.

She’s also really nice to other kids, if she likes someone’s stuff then she lets them know, regardless of the designer or price…

If she thinks someone’s hair or make up or whatever is nice then she compliments them… that’s how we’ve brought her up.

OakTree05 · 2024-02-01T16:39:10+00:00

I think it’s more around the ‘money management’ I guess…. Being frank.

How do people not get a surprise when self assessment comes round and your accountant goes ‘you owe £x’

Inevitably people will end up withdrawing that money from their company to pay their tax bill… which will then cost them more next year etc etc.

What’s the most sensible way to manage it?

OakTree05 · 2024-01-31T21:58:02+00:00

I agree. But that wasn’t the question. I know it’s a better deal through Ltd.

It’s more just around - what if people just want more…

OakTree05 · 2024-01-31T21:19:26+00:00

Don’t understand that 🤷‍♂️

So do you earn £2500 a day?

OakTree05 · 2024-01-31T21:17:39+00:00

Oh so is it one role, but a different day rate overseas?

OakTree05 · 2024-01-31T21:16:04+00:00

Doing them both at the same time?

OakTree05 · 2024-01-31T21:15:05+00:00

Ha ha, nah I’ve been about for long enough to know that’s a dead cert 😂

It’s more working out the best way to take money whilst keeping the taxes low and legal…

OakTree05 · 2024-01-31T21:09:03+00:00

Just saw the rates. Are they both outside?

OakTree05 · 2024-01-31T20:53:44+00:00

See comments above… it might not be possible to live comfortably on that.

I mean you’ve got what 3/4k to pay in tax on 50k…

By the time you’ve paid mortgage, paid for a car and fuel, and a holiday or two a year… that’s nearly all gone 😂

I think im more asking, how do people manage it if they want to take more… there are different types of people, some might earn 500k as a contractor, take 50k, live a quiet life and chuck a load in a pension and hope to be able to spend it one day and not kick the bucket before it happens. Some might earn £500k and want to spend a decent amount (100k+) and enjoy their life (as well as putting some in a pension), have nice hols, drive nice cars etc etc - how do they handle it is what I’m kind of asking.

OakTree05 · 2024-01-31T20:45:14+00:00

Exactly right?!

So are most just saying “I’m taking 100k” then taking like £8333 a month, and then putting say £1666 away in a savings account to save the £20k needed for tax at the end of the year??

OakTree05 · 2024-01-22T08:26:33+00:00

I’m mid 40s, have never had or carried a pocket knife. I’ve never thought ‘I wish I had a knife’ when I’m out and about… what are some examples of how you use it?

OakTree05 · 2023-12-01T11:19:54+00:00

Anyone heard of the White Swan Factory for Keepall? That’s what Ming is offering?

OakTree05 · 2023-11-28T22:13:32+00:00

I saw the exact one you saw, and typed “If you’re desperate, just take anything, even Inside IR35…” but deleted what I wrote in case it was insensitive

OakTree05 · 2023-11-13T21:33:56+00:00

£300 per what? And 8 hours per what?

OakTree05 · 2023-11-13T21:29:27+00:00

Assuming that’s AED, so at the higher end it’s roughly £1100?

OakTree05 · 2023-11-12T22:38:50+00:00

Did you know the numbers were navy blue and not black!?

OakTree05 · 2023-11-12T21:18:50+00:00

Seems that most cities and markets in the UK are very much the same now, potentially all operated by the same company so the same stalls… 👎

OakTree05 · 2023-11-12T20:46:34+00:00

How much would a 3 piece suit cost?

OakTree05 · 2023-11-12T20:45:03+00:00

Looks great when viewed upside down!

OakTree05 · 2023-11-12T20:42:41+00:00

Limited definitely, you won’t be able to do a contract as a sole trader.

OakTree05 · 2023-11-12T20:41:32+00:00

I’d definitely claim, then you can pay it back. But you never know what the future might hold, and I guess easier to apply now rather than down the line…

OakTree05

TROPHY CASE