Breaking Through, Travelling On

Cheery_Daff

Thanks KC And well done on making your phone calls! :j

I do indeed have a pension at work :j But what I think of as our 'long term' joint savings are just in an instant access savings account with the normal bank, no idea whether we get any interest at all :eek:

see, this is why i'll never be rich :rotfl:

You've made me think now... We have a different savings account for bills, house maintenance, holidays etc so the longer term one could be plonked somewhere less easy to get at I suppose... Idle me never bothered working out the interest, figured it'd be about 10p a year or something so didn't bother...

I c

Karmacat

Morning!

[STRIKE]Cheery, I do know what you mean - but look at the figures in your sig, for instance. You added £2200.76 (lol at the 76p!) in 2014. Martin's best buy on easy access right now is 1.4%, and on £2200 thats £30.80, but tax would be deducted. His easy access top isa is 1.55%, so £2200 would get you £34.10, no deductions. But thats just one year's savings, remember. And the Regular Saver thing, probably your bank runs one, thats 4% gross minimum, so thats 3% net - thats really, really good. Do *that* first, probably, then stick it in an isa - Martin recommends that on the "best cash isa" page, actually.[/STRIKE]

God that paragraph I've just written looks complicated ETA - its also unnecessary now, since Cheery took matters into her own hands yesterday :j I love empowerment :beer:

I've managed an ethical retreat from going to London today, so I'm pleased with that. Main things today are:
- tidying :eek:
- finish clearing the ground for the garlic - I may tip a sack of compost over that area, actually, and make a minimally-raised bed out of it, so the garlic doesn't drown.
- book editing! I didn't touch it yesterday.

Trouble is, I'm shattered - awake every 90 minutes or so all night, couldn't believe how early/late it was when I first looked at the clock got to figure out a way to be :j:j:j in the morning

Karmacat

Karmacat wrote: »

- tidying :eek:
Not hugely, no, but not bad :rotfl:
- finish clearing the ground for the garlic - I may tip a sack of compost over that area, actually, and make a minimally-raised bed out of it, so the garlic doesn't drown.
I left it late, but this is almost complete, I've put a plank in there to pretend I'm raising the bed, with a step in the middle of all the soil, and I've started putting the new soil in. Its lovely and fertile, I had to be careful of all the worms :j
- book editing! I didn't touch it yesterday.
done!! There's a sort of story in the middle, which I had to tweak, and there's more websites in the "further info" thing at the back. I *do* still need to find some Apps - I don't use them, so I'm completely ignorant.

Very chuffed, and very starving now

ramorth

The saying I was taught with garlic ( may only apply in Scotland though) plant on the shortest day and harvest on the longest

I'm dark tax this year as well so far so quite happy with that ... I think with my work situation changing I may land up getting a tax refund as well so might manage to be extremely dark tax this year and will Infact make a bit of inroads into hubby's

Next year I'm thinking of donating £1k of my tax allowance to him as well I will be honest would rather if I could donate more ( say £3-4k) but will be greatful for what I can offset

edinburgher

I'm tax dork

Avoiding paying as much of it as possible...

Goldiegirl

Is tax dark when you earn under the personal allowance?

That means I'll be tax dark soon.

Once I stop work I intend to claim back tax I will have overpaid, and I will also transfer £1000 of my tax allowance to Mr Goldie as soon as this is permitted

Also, I'll need to make sure I get interest on savings paid gross

edinburgher

You can also be tax dark by earning income from assets held in a tax free wrapper (ISAs).

ramorth

Or paying into your pension and getting a nice wee 20% added on top so effectively the tax man is paying you

That's my preferred route ��

Karmacat

Hurray, Tax Darkers Unite Goldie, thats the one, where your allowances and investment methods mean that your tax liability reduces to nothing. Ed gave ramorth and me a tutorial on his thread ages back and much as I love the concept, I love the name even more :rotfl: its quite science-fictiony, you know, let's go Dark Side, all of that Its just a bit of fun to cover up how detailed the work can be. The main sources for me are:
- ISAs
- claiming percentages (or full amounts of some stuff) of my expenses for the counselling work
- pension contribution
- low income (ahem! I'm trying to fix this one!).

I've got 3 hours client work today, so I'm needing to work smart on the other stuff. Ramorth, thats good to know about the garlic - if its okay to plant it in Scotland that late, it *must* be okay to plant it way down here in November. I'm pretty sure I won't be able to do anything on it today - today is mostly about cleaning the house, when I can, though I still want to get out into the open air for a bit.

Pootle around the boards first tho :beer:

Lula-Hula

*peeps in *




Hello KC, hope you don't mind me popping in ? I came on to MSE to do some research on buying bonds and for some reason your thread appeared - now that is karma


I've had a read back through this whole diary and am so pleased to see how well you're progressing with your retirement plans.


I'm even more delighted to see that you'll soon be able to sample the delights of Waitrose on a regular basis !





x Lula x