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Stock and Shares ISA maxed out - options?
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Quite frightening to read that a pension would be money locked away for too long. The average time people spend in retirement, without income from working, is some 20 years, and rising. Many wish to, and do, retire for a lot longer. Unless you plan to work well into your late 70s, or die much earlier than average life expectancy, what are you planning to live off in your retirement?0
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I'm only 4 years older than you. Own a LTD company and take dividends.
Max your annual Pension from the LTD company to save CT (if you do the two below, that's £40k in S&S via a pension and save £7k in CT. Compound interest, my friend.)
Pay yourself £12.5k salary which is a tax-free allowance to save CT, notch up a year's NI.
Pay the rest of your basic rate tax threshold in dividends.
Put personally £20k into ISA
Take home £25k for the year - pay your bills, dividend tax and mortgage/rent and enjoy the rest.1
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