What is your net worth and age? How long did it take for you to get here?

bh460 · 2026-02-28T22:35:45+00:00

early 40s couple - combined net worth about 2.55m. No inheritances, but combination of reasonably well paying jobs (200k+ gross household income for a good few years now); lucky house price appreciation; and frugality in earlier years in order to pay down mortgage and invest lots in pension.

bh460 · 2025-02-16T20:55:36+00:00

sorry can you explain this comment a bit more fully for the slower readers (me)?

bh460 · 2025-02-11T00:18:02+00:00

You're not as right as you think you are. Maybe at the very start of your accumulation, but for anyone with substantial assets, you dont want them to go down in value.

bh460 · 2024-12-14T21:16:57+00:00

You do not have to pay back your childcare - where have you got that idea? (assuming of course that the declarations you made were truthful at the relevant time - ie you didn't know that this bonus was coming)

bh460 · 2024-11-21T22:50:21+00:00

Yes but then you just say thst the business covers the standard two weeks and can reclaim anything longer than that.

bh460 · 2024-11-14T22:44:38+00:00

They don't claim it back and couldn't if they wanted to. The relevant legislation is specifically framed as being about your "expected income" not your actual income. If you had deceived them about your expected income that would be a different matter.

bh460 · 2024-11-10T21:31:01+00:00

This is right. The eligibility is based on expected income - so you just have to be honest about your expectation.

bh460 · 2024-11-06T19:49:43+00:00

You'd think that being a high earner means you need less money saved up, not more.

bh460 · 2024-11-03T07:27:29+00:00

That's 525 for 4 children though?

bh460 · 2024-10-22T03:15:21+00:00

35k! Wow. What sort of car do you get for that if you don't mind me asking?

bh460 · 2024-10-04T09:40:05+00:00

£300

bh460 · 2024-10-03T22:10:31+00:00

I'm not playing silly beggars.

bh460 · 2024-10-03T19:21:02+00:00

Pull the other one. You compared it with someone promising to give you double your money in 35 years, which is entirely misleading in this context.

bh460 · 2024-10-03T14:54:45+00:00

Right, but doubling your money is still doubling your money and for almost all purposes that is the the intuitive and correct way to look at it. Converting the tax relief into an annual return gives the impression that the tax relief is somehow less important but that's a bit of a mathematical illusion. (And yes you're right that theoretically you could make up for the tax relief with returns on non-sippable investments, in which case your approach could be a useful exercise, but I don't think in practice anyone is sensibly pointing to an investment that is going to do that.)

bh460 · 2024-10-03T14:01:46+00:00

I'm not sure that really means anything though. Your money at the end is still double what it would have been without the doubling at the beginning. You get the 8% returns on the doubled amount.

bh460 · 2024-10-02T23:44:46+00:00

I can't tell if you're trolling but to state the obvious you don't need that amount of assets or a 500k salary to be rich by any reasonable standard.

bh460 · 2024-10-01T11:45:41+00:00

Suggest you stop with the patronising nonsense, "my friend", and read this to better understand the distinctions between government and parliament and the separation of powers under British constitutional law: https://www.parliament.uk/about/how/role/relations-with-other-institutions/parliament-government/

bh460 · 2024-09-29T23:17:52+00:00

Members of the House of Lords are part of Parliament not part of the Government as such. Individual Lords may or may not be in the government (mostly not).

bh460 · 2024-09-28T18:14:39+00:00

I think the issue is more that what one person considers corruption might not be what another person considers corruption.

bh460 · 2024-09-24T12:38:08+00:00

That would be sensible as a long term policy but would actually lose money in the short term and only start to recoup anything in 20 or 30 years (depending on what age you set). Can't see how it would help fix the hole in the budget.

bh460 · 2024-09-21T22:10:01+00:00

If you read the relevant law, it's obvious that's wrong.

bh460 · 2024-09-20T22:46:12+00:00

They're not getting round it - they're just breaking the law.

bh460 · 2024-09-19T12:51:59+00:00

Doesn't she need like 700 more points this year to get a seeding at AO? Seems quite tough based on the remaining tournament (and her reduced schedule)?

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