WEALTH MANAGEMENT

[underwriter]

do you think voting makes a difference? do you think they actually care for 'our votes'?

 

do you think there is a back office who will rig the votings and make it someone other than another?

[underwriter]

BILLIONAIRES PARADISE: INSIDE NECKER ISLAND

 

 

http://www.bbc.co.uk/iplayer/episode/b04xngtp/billionaires-paradise-inside-necker-island

 

 

 

RICH, RUSSIAN & LIVING IN LONDON

 

 

http://www.bbc.co.uk/iplayer/episode/b04xndwl/rich-russian-and-living-in-london

[Niall Ferguson]

 

 

I watched this docu-series last night.   It's a good watch for those that are interested in tax and the super rich.

 

http://www.bbc.co.uk/iplayer/episode/b04xw2x8/the-superrich-and-us-episode-1

 

However, after watching this i began to feel disappointed and disillusioned with the Tory government. Before i even watched this my stance was " i'm voting for conservatives" "They are cutting tax"  "They are building back our economy"

 

After watching this show i will be voting for Labour party.

 

LOL at voting Labour because of some BBC documentary. You seem to forget that it was their overspending and lack of useful regulation of the City that we got into a financial crisis in the first place.

 

I agree with you that it also made me think very carefully about the economic situation though. All the parties are useless in reality. Your best bet is to do everything within your power to make yourself financially viable.

 

Also, don't forget that it was a pretty loaded documentary.

 

 

I am fully aware of that.

 

And the Tories have tried to stabilise our economy. 

 

/

 

This documentary did not make me decide on who i might vote for,  it just made me understand things a lot more about the divide between us and the elite.

 

i do agree with you in regards to making myself more financially viable so it does not become an issue for me.  

 

I agree with you though.

 

I think I came to the conclusion that the problem is that the rate of the gap between the two is growing FASTER than we predicted for or than we can handle.

 

HOWEVER,

 

It SHOULD be happening, make no mistakes about it. Capitalism is based upon some level of inequality. The only problem is people who work really fucking hard and make correct decisions are still being dragged into the mess too - aka the squeezed middle. 

[JOHN DOE]

do you think voting makes a difference? do you think they actually care for 'our votes'?

 

do you think there is a back office who will rig the votings and make it someone other than another?

FFS

[Niall Ferguson]

I know.

[underwriter]

I know.

[Brem]

U switch urself up to a limited company, pay urself a basic wage n pay urself the rest in dividends so you never pay more than 21% tax

Well worth an accountant

Not true. 21% is the corporation tax.

When you receive the dividend that is treated as income. That dividend will be taxed at 10% if basic rate, 32.5% IF higher rate as nd 42.5% if additional rate. You do get 10% dividend tax credit.

I'm not a tax expert it's too complex for me to explain. It's not as easy as you spell out though.

For the normal joe the hassle of doing financial statements and hiring an accountant is not worth it.

[Yoshie]

 

U switch urself up to a limited company, pay urself a basic wage n pay urself the rest in dividends so you never pay more than 21% tax

Well worth an accountant

Not true. 21% is the corporation tax.

When you receive the dividend that is treated as income. That dividend will be taxed at 10% if basic rate, 32.5% IF higher rate as nd 42.5% if additional rate. You do get 10% dividend tax credit.

I'm not a tax expert it's too complex for me to explain. It's not as easy as you spell out though.

For the normal joe the hassle of doing financial statements and hiring an accountant is not worth it.

 

 

Hiring an accountant is say £100 a month and a couple of phone calls per contract chatting to the guys at work.

To me that is worth doing for the financial gain you get from contracting.

[Brem]

U switch urself up to a limited company, pay urself a basic wage n pay urself the rest in dividends so you never pay more than 21% tax

Well worth an accountant

Not true. 21% is the corporation tax.

When you receive the dividend that is treated as income. That dividend will be taxed at 10% if basic rate, 32.5% IF higher rate as nd 42.5% if additional rate. You do get 10% dividend tax credit.

I'm not a tax expert it's too complex for me to explain. It's not as easy as you spell out though.

For the normal joe the hassle of doing financial statements and hiring an accountant is not worth it.

 

Hiring an accountant is say £100 a month and a couple of phone calls per contract chatting to the guys at work.

To me that is worth doing for the financial gain you get from contracting.

Hiring me would cost you a lot more.

Nah but seriously. I don't know a single accountant who would do it that cheap bar Pradeep from the high road.

[JOHN DOE]

But if Pradesh gets the job done ...

[underwriter]

he gets the job done.

[Brem]

Ah. I didn't see contracting. My I ask if you are defined as a sole trader/self employed. Or whether you have a company set up?

 

The latter is far more accounting work compared to the former. 

 

Edit: more if you need to draft financial statements for companies house. 

[Yoshie]

My example ain't me, it's a mate.

Nixon Williams about £100 a month.

He's got his own company set up for it.