Household finances 2017-18
Discussion
PurpleMoonlight said:
Rent - no change
Council tax - up 3.3%.
Water rates - up 3.3%.
Electricity - up 13.8%.
Not a happy bunny.
What about your salary?Council tax - up 3.3%.
Water rates - up 3.3%.
Electricity - up 13.8%.
Not a happy bunny.
Then look at the net £ up or down of this lot plus the salary growth.
Or you could cut out costs or reduce controllable costs to manage down your personal inflation.
Water - do you have a water meter? If not get one fitted you will save big time
Electric - do you leave TVs red standby light on? Well IIRC it uses c75% of the energy as if it was turned on so switch it off at the plug instead. Do you have old fridge freezers then a new one could A+++ rating could save you a lot.
Have you considered solar panels?
Do you have LED lights? If not change them.
Cook food in a slow cooker as much as possible will massively reduce the costs.
Welshbeef said:
Electric - do you leave TVs red standby light on? Well IIRC it uses c75% of the energy as if it was turned on so switch it off at the plug instead. Do you have old fridge freezers then a new one could A+++ rating could save you a lot.
On any even vaguely modern TV, that's balls. This is a bit out of date but not too far off: http://www.digitalspy.com/tech/television/feature/...TV's usually aren't bad, but things like laser printers can use a lot of power even when idle. Basic rule of thumb is if you something's hot then its using a fair amount of power -but ideally get yourself one of these and actually measure it
http://www.reuk.co.uk/wordpress/energy-efficiency/...Fridge-freezer costs about £60-80 a year to run. Even if your new model is twice as efficient you're still looking at a 10-year payback period.
Welshbeef said:
Anyone paying idividend tax has had years to ensure all investments are in ISAs thus meaning it's an irrelevant tax.
What????Anyone taking more than £5k (soon to be £2k) dividends will have an additional tax liability since April 2016. And unless the shares are on a stock exchange somewhere they can't be in an ISA.
JBM78 said:
Welshbeef said:
Anyone paying idividend tax has had years to ensure all investments are in ISAs thus meaning it's an irrelevant tax.
What????Anyone taking more than £5k (soon to be £2k) dividends will have an additional tax liability since April 2016. And unless the shares are on a stock exchange somewhere they can't be in an ISA.
JBM78 said:
Welshbeef said:
Anyone paying idividend tax has had years to ensure all investments are in ISAs thus meaning it's an irrelevant tax.
What????Anyone taking more than £5k (soon to be £2k) dividends will have an additional tax liability since April 2016. And unless the shares are on a stock exchange somewhere they can't be in an ISA.
There you go.
Welshbeef said:
There are massive ongoing costs associated with floating, for a small owner-managed company it's a stupid idea.Welshbeef said:
What is the breakeven point in profits for his to be viable?
I don't think the question makes much sense. When you float the company you're making a significant proportion of the shares tradeable. So you'll no longer 'own' the company in full. Dividends (on shares you can put in an ISA) get paid to ALL shareholders, not just you. Welshbeef said:
PurpleMoonlight said:
Down 5% thanks to the Dividend tax.
Anyone paying idividend tax has had years to ensure all investments are in ISAs thus meaning it's an irrelevant tax. Actually if you own your own company can you put those shares into an ISA too?
Mattt said:
Welshbeef said:
PurpleMoonlight said:
Down 5% thanks to the Dividend tax.
Anyone paying idividend tax has had years to ensure all investments are in ISAs thus meaning it's an irrelevant tax. Actually if you own your own company can you put those shares into an ISA too?
There you go
You missed the boat that avenue is closed off - awaiting what value or costs are there to make this viable
Welshbeef said:
http://forums.contractoruk.com/accounting-legal/77...
There you go
You missed the boat that avenue is closed off - awaiting what value or costs are there to make this viable
You linked to a forum thread that confirms it can't be done...There you go
You missed the boat that avenue is closed off - awaiting what value or costs are there to make this viable
PurpleMoonlight said:
Welshbeef said:
http://forums.contractoruk.com/accounting-legal/77...
There you go
You missed the boat that avenue is closed off - awaiting what value or costs are there to make this viable
You linked to a forum thread that confirms it can't be done...There you go
You missed the boat that avenue is closed off - awaiting what value or costs are there to make this viable
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