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Speaking of Erith:
"It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda Smith -
Congratulations mate!
I love being beaten by women - LorizaelComment
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The Save Zoid Foundation could really use some cash right now...Originally posted by Provost Harrison
As I discussed last night, I *just* scrape into the bracket although that will probably extend further into it quite quickly so I will be trying to filter off some of that money into savings and pensions to avoid being heavily taxed.
I love being beaten by women - LorizaelComment
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Re: Re: Re: Hail To The King Baby...Provost Gets A New Job!
I realised the other day how stupid I'm being putting additional money into a pension when I'm in the lower tax bracket. Sure, I get 22% tax relief, but will pay 20% tax on it when I retire and take the income. However if I put it in an ISA (saving for a house or such) I pay the 22% tax, but when I come to spend it I'll be in the 40% tax band and thus will make a better tax saving than on my pension. And get to spend it sooner.Originally posted by Provost Harrison
Proportionally to what I currently earn of course.
What's happen to Poly - we used to be a group of students, now Snotty and I will be the only non-higher-rate taxpayers there. It's all becoming so civilised.
/me can pun almost as badly as Dauphin.
Oh, and drinks
Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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Check again when im 30 I would be in the higher tax band had I gone the self employed route (except of course I doubt I would be declaring all of said income therefore taking me out of the higher band 
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also as clearly Im poor feel free to buy me beerSafer worlds through superior firepowerComment
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Clearly Provost is Rich and thus should buy all of us a beer.Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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Cittie of York, 18:30 in Holborn - see you there, guys
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In fact if anyone wants to meet there any earlier than that, I could be there soon after five, as I work round the corner.Comment
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I got your mail Pro, just you let me know when you're anywhere close.
See how popular you are now that you're truly Rich.Comment
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Cittie of York is fine for me. Hope I can last at work on a Friday until 6.30 though.
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Re: Re: Re: Re: Hail To The King Baby...Provost Gets A New Job!
ISA is the standard first savings point. Well known fact.Originally posted by Drogue
I realised the other day how stupid I'm being putting additional money into a pension when I'm in the lower tax bracket. Sure, I get 22% tax relief, but will pay 20% tax on it when I retire and take the income. However if I put it in an ISA (saving for a house or such) I pay the 22% tax, but when I come to spend it I'll be in the 40% tax band and thus will make a better tax saving than on my pension. And get to spend it sooner.
That said, pensions may be better if you take into account other beneficial employment arrangements like your employer matching your contributions.One day Canada will rule the world, and then we'll all be sorry.Comment
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Re: Re: Re: Re: Re: Hail To The King Baby...Provost Gets A New Job!
We have 6-12% non-contributory depending on age, but no matched benefits on top of that. The only reason I put extra into my pension is we get another ~6% of our salary as 'flexible benefits', which we can take as cash (and get taxed) or buy extra days holiday or pension (and not get taxed). I just did a third with each, as it seemed roughly sensible, but I think I'll start taking it all as cash, pay off my debts and start on an ISA.Originally posted by Dauphin
ISA is the standard first savings point. Well known fact.
That said, pensions may be better if you take into account other beneficial employment arrangements like your employer matching your contributions.Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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Re: Re: Re: Re: Re: Re: Hail To The King Baby...Provost Gets A New Job!
Who cares about that bollocks...what matters is, are you coming down the boozer tomorrow night?Originally posted by Drogue
We have 6-12% non-contributory depending on age, but no matched benefits on top of that. The only reason I put extra into my pension is we get another ~6% of our salary as 'flexible benefits', which we can take as cash (and get taxed) or buy extra days holiday or pension (and not get taxed). I just did a third with each, as it seemed roughly sensible, but I think I'll start taking it all as cash, pay off my debts and start on an ISA.Speaking of Erith:
"It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda SmithComment
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Re: Re: Re: Re: Re: Re: Hail To The King Baby...Provost Gets A New Job!
Do you pay NI on the extra pension contributions? I would expect it is arranged so that you do not....Originally posted by Drogue
We have 6-12% non-contributory depending on age, but no matched benefits on top of that. The only reason I put extra into my pension is we get another ~6% of our salary as 'flexible benefits', which we can take as cash (and get taxed) or buy extra days holiday or pension (and not get taxed). I just did a third with each, as it seemed roughly sensible, but I think I'll start taking it all as cash, pay off my debts and start on an ISA.One day Canada will rule the world, and then we'll all be sorry.Comment
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I need tg go home and get changed so Im not in my work stuff, I should be there a bit before 6:30Safer worlds through superior firepowerComment
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