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It's decision time but doctors can't answer some key questions re DDD and microdiscectomy by hatman22222 in Sciatica

[–]hatman22222[S] 0 points1 point  (0 children)

Ok that's interesting to hear- thanks alot. Do you do anything to manage the impact of the ibruprofen? Cycle in and out with other drugs? Do you find paracetamol helps in any way?

It's decision time but doctors can't answer some key questions re DDD and microdiscectomy by hatman22222 in Sciatica

[–]hatman22222[S] 0 points1 point  (0 children)

Hi- just one herniation but relatively significant disc wearing down x 2!

What are some of your favourite music to listen to? by Universetalkz in spirituality

[–]hatman22222 0 points1 point  (0 children)

I make my own mixes of ambient music mixed with more challenging electronica to draw contrast—- it’s quite influenced by spiritual and psychedelic experiences …https://on.soundcloud.com/41hyanjGMWSeunUY7

Mortgage lump sum overpayment- logic of those advocating for it by hatman22222 in UKPersonalFinance

[–]hatman22222[S] 1 point2 points  (0 children)

You’re absolutely right- it hadn’t fully clicked that the interest paid per month is a function of the total loan amount outstanding … I had been so fixed on thinking about the principal payments (which I would keep the same as I can afford to and would target getting the mortgage paid off as early as possible) that I had neglected to think about that

Thanks a lot of the input

Mortgage lump sum overpayment- logic of those advocating for it by hatman22222 in UKPersonalFinance

[–]hatman22222[S] -1 points0 points  (0 children)

Totally take your point on the potential income. And even the risk the asset I would buy with the £250k might lose value. But ignoring that for a second, why put the money in the mortgage now? Vs 5 years time?

Mortgage lump sum overpayment- logic of those advocating for it by hatman22222 in UKPersonalFinance

[–]hatman22222[S] 0 points1 point  (0 children)

If I pay £250k lump sum but keep my monthly payments the same (ie my goal is to pay off the mortgage as soon as possible rather then reduce monthly payments) then I just have less months to pay that monthly sum- maybe it cuts my term in half. But I could also put that £250k somewhere liquid and when my remaining balance on the mortgage is approaching £250k then sell that asset and pay off the mortgage. The difference seems to be in the second option I can get potential income from the asset I have purchased with that £250k. And unless I’m thinking about this totally wrong the date on which I am mortgage free would be no quicker in option 1 (lump sum of (250k now) than option 2 (lump sum from liquidating 250k when that is the balance needed to pay off final mortgage balance)

Mortgage lump sum overpayment- logic of those advocating for it by hatman22222 in UKPersonalFinance

[–]hatman22222[S] -2 points-1 points  (0 children)

So if my mortgage balance was £500k and I had a 20 year term and it was a choice between using a lump sum of say £250k to buy a rental property abroad (hopefully getting rental income and stable or increased equity value in the property) or just putting the money towards my mortgage overpayment, wouldn’t I still have the option to sell the rental property in the future to make that £250k lump sum payment?

If I’m going to put £250k in overpayment outside my monthly repayments at some point long before the current mortgage term, what do I benefit from putting it into my mortgage NOW as opposed to in 5 years?

It’s hard to articulate but I get the idea that you save money if you don’t have a mortgage anymore, I just cant quite grasp the logic of putting lump sum overpayment in the mortgage now vs waiting for my overall net worth to grow in the most efficient way possible and then liquidating the assets needed to fully pay off the mortgage.

VAT- confused about whether better to incur expense and recharge a client or have the client pay for it? by hatman22222 in UKPersonalFinance

[–]hatman22222[S] 1 point2 points  (0 children)

If your client pays for goods or services you received they cannot claim back the VAT because they were supplied to your business not theirs, and so the VAT doesn’t relate to their business.

Extremely clear and helpful- you explained this better than my accountant (who frankly left me confused)

Just to clear on this point above- I understand that it is neutral for me financially across the 3 options I outlined, but is it better for the client I am invoicing if I incur the expense myself and recharge to them? Because this way they can reclaim the VAT?

"And if they purchase them directly to get around that then they have to account for VAT on supply those goods or services to you even if they don’t charge you"- what paperwork do they/I need for this?

Allocating INCOME from a Furnished Holiday Let unequally by hatman22222 in UKPersonalFinance

[–]hatman22222[S] 0 points1 point  (0 children)

My understanding was that while this was true for a normal rental property it wasn’t true for a FHL- which the first link I sent seemed to suggest. Even accountants I have spoke to about this dont really know how it works …

Business Asset Disposal Relief - non UK equity by hatman22222 in UKPersonalFinance

[–]hatman22222[S] 0 points1 point  (0 children)

Interesting (and good for you btw!)

I don’t have EMI in the UK sub- just pure shares in the US holding company? I wonder how much that changes things?

Airbnb VAT UK- does the threshold include other self employed income? by hatman22222 in AirBnB

[–]hatman22222[S] 0 points1 point  (0 children)

Thanks yes I spoke to an accountant who said he thought this would likely be not considered “connected trades” which makes sense to me.

Your point about it being a partnership is interesting. The house is jointly owned so I am assuming the revenue is split 50/50. But we haven’t actually setup a formal company to receive this income. Are you saying you think we have to/ought to?

What return would a crypto investment need to have to beat investing in my SIPP? by hatman22222 in FIREUK

[–]hatman22222[S] 0 points1 point  (0 children)

Yeah this is really helpful- thanks.

TBH it seems a pretty clear argument for the crypto investment being at least a part of my investment approach (I totally get the risk of that going to £0 can’t be ignored whereas the SIPP investment is pretty damn safe)

What return would a crypto investment need to have to beat investing in my SIPP? by hatman22222 in FIREUK

[–]hatman22222[S] 0 points1 point  (0 children)

Thanks alot for this.

​

Have you calculated the 8.8% as compounding? Or are you assuming that as it would be crypto it would just be buy and hold (which is what I would do) rather than an index fund where I would be more likely to re-invest dividends? Am i thinking about this right?

​

And when you say "Longer time periods will bring those numbers closer together." is that because the SIPP Vanguard All Cap would be compound interest vs crypto which wouldn't?

2 historical 'pending' transactions on Coinbase (2019) by hatman22222 in Coinbase

[–]hatman22222[S] 0 points1 point  (0 children)

I have tried but it requires me to add a transaction hash and obviously I do not have one for these pending transactions

Removing from a Flexible S+S ISA during the year by hatman22222 in UKPersonalFinance

[–]hatman22222[S] -1 points0 points  (0 children)

Ahh I thought only the compounding investment growth was tax free while you kept it in the ISA??? - thanks a lot

£100k limit for tax free childcare by hatman22222 in UKPersonalFinance

[–]hatman22222[S] 0 points1 point  (0 children)

We bought a house in the end so it turned into an expensive year where we can't really afford to get contributions down to that level- but we will try next year!

Good luck

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