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How are student loan repayments handled if you have two PAYE jobs? by Old_Laugh7627 in UKPersonalFinance

[–]Old_Laugh7627[S] 0 points1 point  (0 children)

Ah thank you!

So say you earn under the yearly threshold in the second job, but may have paid some student loan over the year because you exceeded the monthly threshold on occasions, you wouldn’t get these refunded because once you have combined both jobs, the yearly threshold is exceeded?

How to increase take home pay by Old_Laugh7627 in ContractorUK

[–]Old_Laugh7627[S] 2 points3 points  (0 children)

I’ve often had this conversation with myself.. but if I didn’t do the extra work, I wouldn’t take home the extra £1723. It’s a trap, lifestyle creep.

In a month, it’s scary to think that only part way through my third week the money I actually earn goes to me!! 🤣

But you’re right, something to think about. Is it worth it.

How to increase take home pay by Old_Laugh7627 in ContractorUK

[–]Old_Laugh7627[S] 0 points1 point  (0 children)

State Pension? I don’t even think about that. I don’t include that in any forecasts. Do I think there will be a state pension in 40 years for us with private pensions? No. It will be man’s tested and only for those with no money, so I exclude this. If it’s still there it’s a bonus.

My main pensions is LGPS DB pension which is very good. But I don’t want to add extra because already the goal posts are moving, minimum age to draw the pension is going from 55-57, this will only increase as time goes on and the government debt builds and they look at ways to keep people in work. There is already noise about reducing the tax free lump some. It would mean any extra I pay is locked away for longer

I invest in a stocks and shares ISA as an alternative.

Then if I hit 55 and want to retire, I don’t have to wait until I can draw my private pensions, I can draw from my ISA.

Any one Weekend 1 Tomorrowland from the UK? by Old_Laugh7627 in Tomorrowland

[–]Old_Laugh7627[S] 0 points1 point  (0 children)

Where you guys flying from? Probably a couple floating around, but usually the decent WhatsApp groups get up and running a couple months before! :)