where best to put my savings

atush

not if the pension was paid by salary sacrifice.

And pension means no tax, dividends do pay some tax.

I meant pay as salary only the amt you want in pension then pay that amount into pension via salary sacrifice.

But as I said, if you were an LC, the company could pay the pension for you.

Zubo_2

atush wrote: »

not if the pension was paid by salary sacrifice.

And pension means no tax, dividends do pay some tax.

I meant pay as salary only the amt you want in pension then pay that amount into pension via salary sacrifice.

But as I said, if you were an LC, the company could pay the pension for you.

Atush - I'm being a little dense here... I assume LC means a ltd company which mine is, and yes dividends attract 20% tax.

but are you suggesting that my ltd company could pay me salary without having to pay employer NI providing I put it all into a pension?

atush

As an LC, your company could pay you a pension full stop direct. You need to set up an executive pension. probably doesn't even need to be salary.

and your company can deduct the pension contribs as a business expense, tax deductible. See your accountant?

xylophone

First... my wife has no occupational pension arrangements...

Do you mean that there is no scheme or that she has chosen not to join?


http://www.hl.co.uk/pensions/sipp/how-much-can-i-invest/employer-contributions

Zubo_2

xylophone wrote: »

Do you mean that there is no scheme or that she has chosen not to join?


http://www.hl.co.uk/pensions/sipp/how-much-can-i-invest/employer-contributions

i'm sure there is a scheme ... but think she chose not to join and now she is reviewing when she will retire so wont bother

xylophone

but think she chose not to join

A pity, particularly if there was an employer contribution and even more of a pity if it was a defined benefit scheme.

However, see the link concerning contributions from your own company to a pension.

atush

Just think of all that Free Money she flushed down the toilet?

Madness financially?

bowlhead99

stock_market wrote: »

You put down your 40 percent money in blue chips stocks 10 percent in mutual funds 10 percent in ETFs 20 percent in fixed deposit and rest keep it in your savings account to grab opportunities if there is any slowdown.

The OP has £12k. Putting 40% of this directly into stocks is garbage advice.

colsten

And there's a lot more garbage where that came from. Have a look at the guy's home page for a good laugh.

Hi my name is Mike, and over the past 5 years, this got me to start doing some research to find out what I would call the...

Black Box Secrets of the Ultra Rich.

aggypanthus

In TSB yesterday, I was told they had a raft of santander customers switching to them, for the current accs.

Halifax 2 yrfix at at a tad over 2% isnt too bad.for those who dont want to juggle.