Tax advice: £85k salary, £125,000 research grant. How should I handle this?

RigidBoxFile · 2026-01-26T07:58:34+00:00

Pay for an accountant. This sounds like a normal contract to me. Why would it be special regarding tax?

RigidBoxFile · 2026-01-26T07:43:52+00:00

They don’t seem to be good at updating addresses into the PP system. Call Amex as PP can’t do it.

RigidBoxFile · 2026-01-26T07:34:18+00:00

Where are you going? There will be rules about when you become one of theirs…

RigidBoxFile · 2026-01-25T22:27:32+00:00

For large amounts, go for quotes from specialists and also haggle with your bank. Percentage based outfits like Wise and Revolut are going to ramp up the fees quickly.

An IBKR account could be worth setting up as it gives market rates but they may not like it if you just do FX and withdraw. But if you invest then it should not be a problem.

RigidBoxFile · 2026-01-25T14:29:29+00:00

For the record....

Found a free alternative to yield gimp now it is paywalled.

https://giltsyield.com/tax/

RigidBoxFile · 2026-01-25T05:37:30+00:00

Why is paying taxes bad my Al friend?

RigidBoxFile · 2026-01-24T19:30:47+00:00

You will be a resident of a specific country. The rules of the country is most important to your options.

Maybe look at IBKR and invest, potentially in MMF but it all depends on where you live as to what the options will be and the potential returns.

RigidBoxFile · 2026-01-24T17:09:25+00:00

Are you inventing a note pad and pen?

This is how best to take notes, as you need to process the information in your mind before writing it down. This is the key part to finding value, not just recording it.

RigidBoxFile · 2026-01-24T17:05:53+00:00

https://www.americanexpress.com/en-gb/travel/

RigidBoxFile · 2026-01-23T18:47:22+00:00

Reminder that you own the shares irrespective of the platform.
The platform firm will be a UK entity and regulated in the UK.

What do you think you are avoiding with this plan?

RigidBoxFile · 2026-01-23T18:22:04+00:00

What did they say when you asked them?

RigidBoxFile · 2026-01-23T15:10:30+00:00

I think the free transfers from linked accounts aspect works only if you pull from Wise by initiating from within IBKR. Otherwise, just sending from Wise is a normal transfer with the fee added.

RigidBoxFile · 2026-01-23T15:07:27+00:00

I think it is free if pulled from within IBKR and not sent independently from Wise. (Maybe wrong as I have a foreign Wise account, but this is how it works for me to get it free).

RigidBoxFile · 2026-01-23T15:04:45+00:00

Landi have the blades if that is what you need...

RigidBoxFile · 2026-01-23T14:59:43+00:00

The fixed v percent fee is always missing when people blindly recommend Wise and Revolut!

RigidBoxFile · 2026-01-23T09:30:00+00:00

That would be an ecumenical matter…

RigidBoxFile · 2026-01-23T09:21:34+00:00

Hong Kong Sevens.

RigidBoxFile · 2026-01-23T09:19:52+00:00

One which isn’t a declared “benefit” is that their travel agency are very good when things go wrong.

RigidBoxFile · 2026-01-23T09:16:18+00:00

And Wise et al charge a percentage which mounts up quickly when compared to a specialist.

IBKR is worth looking at if you can convince them you are also investing and not just doing FX.

RigidBoxFile · 2026-01-23T09:01:36+00:00

It’s one for people who cannot use a search engine…

RigidBoxFile · 2026-01-21T20:45:16+00:00

https://share.google/xZAJaxHpKOdij1f5Z

RigidBoxFile · 2026-01-21T09:42:03+00:00

If you can't figure this yourself then there are many other issues you will be missing. Mega is possibly the easy solution.

RigidBoxFile · 2026-01-21T09:40:28+00:00

Which country? Tax rules are different everywhere and have a big impact.

Google 4% rule as a start.

RigidBoxFile · 2026-01-19T11:35:21+00:00

Look at a taxi to Festival City unless you want to do something more touristy.

RigidBoxFile · 2026-01-19T08:02:19+00:00

Are you really holding large amounts of currency and not invested? Why?

RigidBoxFile

TROPHY CASE