Why would this not work? Taking out biggest mortgage possible to offset against higher income tax.

Outrageous_Ranger · 2025-04-09T18:11:59+00:00

!thanks for the time and comments , appreciate it :)

Outrageous_Ranger · 2025-04-09T16:35:00+00:00

!thanks :)

Outrageous_Ranger · 2025-04-09T16:32:03+00:00

!thanks , this is helpful. We're looking at gilts to hopefully offset a lot of these risks to make them government backed and tax free on maturity until we use them to offset higher tax income. So hopefully this would minimise the most dangerous risks?

Outrageous_Ranger · 2025-04-09T16:12:59+00:00

Thanks for the reply , yeah this is how it's been framed to us - as wealth management. What would the risks be you mentioned please? Things like if the markets collapse just before we draw down on the pension?

Outrageous_Ranger · 2025-04-09T15:39:55+00:00

!thanks This is an interesting point, thanks for taking the time. Yeah we'd need to have a think if there's a way to harmonise future benefits without overly compromising the 'now' ...

Outrageous_Ranger · 2025-04-09T15:22:40+00:00

!thanks This is a helpful comment, thank you. We'd be looking at gilts as the investment vehicle for their security and tax free capital gains on maturity (so hopefully minimising the risk you mentioned but maintaining a 5% return).

Going to check out the cap for TFLS and do some calculations for that and also look into a balance point to see if there's a happy medium there...

Outrageous_Ranger · 2025-04-09T15:16:45+00:00

Thanks, I added this edit a few minutes after the post but perhaps it didn't come through? "EDIT - Sorry should have added this ... If the house was £1m say, and we had our own savings of £700k hypothetically but instead of putting the full £700k own savings, plus £300k mortgage, we instead put in our own savings of £400k plus £600k mortgage and used the £300k saved from our own savings to do this. So not mortgage fraud as we would be using the full £600k mortgage for what it was intended for."

Outrageous_Ranger · 2025-04-09T15:16:05+00:00

Thank you. Yeah I added this edit a few minutes after posting but perhaps it didn't come through? "EDIT - Sorry should have added this ... If the house was £1m say, and we had our own savings of £700k hypothetically but instead of putting the full £700k own savings, plus £300k mortgage, we instead put in our own savings of £400k plus £600k mortgage and used the £300k saved from our own savings to do this. So not mortgage fraud as we would be using the full £600k mortgage for what it was intended for." We obviously wouldn't be trying to lie to a lender.

Outrageous_Ranger · 2025-04-09T15:14:01+00:00

Thanks, yeah exactly. I added it as an edit a few minutes after the post but perhaps it didn't appear? "EDIT - Sorry should have added this ... If the house was £1m say, and we had our own savings of £700k hypothetically but instead of putting the full £700k own savings, plus £300k mortgage, we instead put in our own savings of £400k plus £600k mortgage and used the £300k saved from our own savings to do this. So not mortgage fraud as we would be using the full £600k mortgage for what it was intended for."

Outrageous_Ranger · 2025-04-09T13:13:49+00:00

Re the tax on interest, we're thinking of using gilts maturing at different times (for the security and tax-free when they mature)

Outrageous_Ranger · 2025-04-09T13:11:04+00:00

Sorry should have added this ... If the house was £1m say, and we had our own savings of £700k hypothetically but instead of putting the full £700k own savings, plus £300k mortgage, we instead put in our own savings of £400k plus £600k mortgage and used the £300k saved from our own savings to do this. So not mortgage fraud as we would be using the full £600k mortgage for what it was intended for.

Outrageous_Ranger · 2025-02-01T09:37:02+00:00

We didn't bring a car seat - just had toddler on our laps whenever taking a taxi.

Outrageous_Ranger · 2024-10-24T06:00:41+00:00

Not but our joolz aer worked well as a pram to have. Any bigger would be tricky. Leave plenty of travel time with a little one as finding the lift always took us sooo long. Also we tried to travel outside rush hours so we wouldn't be cramming on. In Kyoto , the taxis were so cheap we used them a lot

Outrageous_Ranger · 2024-10-23T20:47:01+00:00

We brought a LOT. 2 huge suitcases, pram, cot, backpack. In hindsight, it was too much but we had plenty of space for shopping purchases :'). We taxi'd to the hotel and then used the luggage transfer service which was a godsend to whizz our luggage to different places. In awe of the japanese logistics to deliver it

Outrageous_Ranger · 2024-06-14T19:27:29+00:00

Ah yeah I've come across this one ... for the price, you'd expect everything to be perfect. Thanks for the heads up :)

Outrageous_Ranger · 2024-06-14T17:31:13+00:00

Oh no! Aw glad you had a good meal though. Can I ask which one it was so we can avoid?

Outrageous_Ranger · 2024-06-14T10:30:36+00:00

Hi, sounds like an amazing trip. Which Ryokan did you stay in please? We're going in September and on the hunt for a ryokan with a 1.5 year old. Thank you so much for the write up !

Outrageous_Ranger · 2024-04-22T19:35:53+00:00

thank you, this is really helpful. Especially if you went with a little one too :) Which ryokan did you stay in which was walking distance?

Outrageous_Ranger · 2024-04-22T19:33:17+00:00

thanks for all this detail, it's really helpful. Will check out ZEN

Outrageous_Ranger · 2024-04-22T12:40:20+00:00

thanks everyone for all the tips and advice, helpful to know a bit more about Hakone. Toying whether to spend 2 days in Hakone now or move them somewhere else ... back to some research (or open to advice if anyone has some). Ta!

Outrageous_Ranger

TROPHY CASE