We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Base rates held (what's new?)
Comments
-
There aren't many investments where it's possible to make an overnight 40% gain and then, later, remove 25% of the resulting fund tax free.
I have nothing against BTL as an investment but assume people only get into it if they've received a higher rate rebate on the full £40k contribution limit and still have cash left over. If not there's quite an opportunity cost being spent.
I'm hoping that when I remortgage they will have gotten over the hysterics surrounding IO mortgages and I'll be able to go back to IO and then put the capital payments into my pension, rather than onto the mortgage. Having the taxman helping to pay off your mortgage is nothing to be sniffed at
. 0 -
There aren't many investments where it's possible to make an overnight 40% gain and then, later, remove 25% of the resulting fund tax free.
I have nothing against BTL as an investment but assume people only get into it if they've received a higher rate rebate on the full £40k contribution limit and still have cash left over. If not there's quite an opportunity cost being spent.
I was a bit slow to realise that the tax on dividend income is much lower for higher rate tax payers. So I'm currently trying to get as much invested as I can in shares in my SIPP (and also outside my pension too) to provide a reasonable part of my forthcoming retirement income.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
If you are either prepared to do the DIY for free or actually like doing it (say on your evenings after work) then no it doesn't cost an individual money. That was my point.Time costs money
It would cost a property business money for sure.
Yes I realise that not everything can be done DIY - anything involving gas for example, but it does give amateurs an advantage over professionals if they can use their "free" time.
Personally I hate DIY so for me there's a cost - either paying someone else or doing something I hate.
That's one of the reasons I'm not a landlord.
Opportunity cost - totally agree.
I've just done some calcs myself and I reckon I'm between off doing pension salary sacrifice with 40% tax relief, employers NI relief and employees NI relief.0 -
there are people who have no knowledge of rising interest rates,i suspect that when they do start to increase we will see some bodies falling from the skies
Interest rates won't rise until we have another Bretton Woods agreement.
If Japan can hold their rates at less than 1% for nearly 3 decades, so can we.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards