Only freedom will do

Karmacat

elantan wrote: »

Aye it takes me a wee while to figure some of them out as well some I never get so I give up with lol ... remember to read all the info on it and see if it suits your style of investing etc

Don't worry - I'll check it out for my own needs. "Tracker bond" crystallised my own thoughts, thats why I leapt on it :rotfl: if a market correction sends the stock market down by 30% for the next 3 years, I'm stuffed, basically, so I need a bit more protection against that.

you going dark tax again next year ?

Definitely :j:j:j and working harder at it too - growing more of my own food (or rather, harvesting what I do grow) and this £15k to shelter, that hasn't been sheltered before. As well as pension contribution to the max from saving, as this year will be the last full tax year I work as a face-to-face therapist.

What about you? And Ed?

elantan

Yes I will most certainly be dark taxing this year, I think I may actually manage to dark tax some of Mr El's now that I am a student and no earning much, going to give Mr El £1k of my allowance as well so that will help ( wish I could give him more tbh)

I dont think I will earn enough to pay tax this year and I know I am due £300 as a tax rebate from last year ( just not sure when I should phone up and claim it ? )

Are you Ed ?

turtlemoose

what does "going dark tax" mean?

I'm reading this thread with fascination today, and left sat here feeling pretty stupid :rotfl:

edinburgher

if a market correction sends the stock market down by 30% for the next 3 years, I'm stuffed

Don't you just love sequence of returns risk? :eek:

what does "going dark tax" mean?

It should be tax dark, El is a plum and always reverses them

Basically legal non-agressive tax avoidance such as pensions, ISAs, allowances. Here is it mentioned in a blog that some of us like.

Are you Ed?

Not to as big an extent as the rest of you. We managed to save £15k in 2015, with 2/3 of that going into an ISA, but the majority of our money will continue to come from salaries. Mrs E will be earning too much for tax swapping etc. I don't like pensions (bar the free uplift), so avoid them where possible (not a higher rate tax payer).

Karmacat

I just love the concept, it has a tinge of Star Wars/Stargate "dark side" but is perfectly legal and ethical

And yep, its the sequence of returns risk thats rearing its head for me, at the stage I'm at. I daren't stay as exposed to that as I am - after the trip later this week, I'm going to get on it.

turtlemoose - its an ongoing conversation, join in and liberate some of your money from the taxman - pensions, isas, tax-free wheezes like matched betting, you name it

elantan

edinburgher wrote: »

Don't you just love sequence of returns risk? :eek:



It should be tax dark, El is a plum and always reverses them

Basically legal non-agressive tax avoidance such as pensions, ISAs, allowances. Here is it mentioned in a blog that some of us like.



Not to as big an extent as the rest of you. We managed to save £15k in 2015, with 2/3 of that going into an ISA, but the majority of our money will continue to come from salaries. Mrs E will be earning too much for tax swapping etc. I don't like pensions (bar the free uplift), so avoid them where possible (not a higher rate tax payer).

aye i mix things up all the time ... I dark tax ... Ed tax dark's lol were opposite but similar in many ways

elantan

turtlemoose wrote: »

what does "going dark tax" mean?

I'm reading this thread with fascination today, and left sat here feeling pretty stupid :rotfl:

No one is stupid, we just dont know what we dont know I'm positive there are many things you know that I dont

Ed and Kc have explained and gave links to it ... please ( as long as Ed doesnt mind) feel free to join in the more ideas we can get and the better we can all make our lives the better

edinburgher

I hard forgotten MB was tax dark, more power to my light sabre.

elantan

Maybe I should start back MB ? not sure if its possible though

turtlemoose

ahh MB, something I wish I had done pre-child. I lost approximately 17% of my brain power while pregnant, a further 46% during childbirth, and the remaining 37% has dwindled to about....oh i'm going to say 12% due to chronic sleep deprivation. I'll never understand it now