luvadealme

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About luvadealme

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  1. Did the article claim a 450k house was being rented for 2300. I doubt that high a yield is possible.
  2. off topic, but Allsopps auction is tomorrow, be interested to see if lots of BTL dumping here.....
  3. Landlords and tax on rental income

    What we need is a nice infographic showing how much these people are avoiding paying, perhaps translated into number of nurses we could hire or number of hospital beds the tax could pay for each year...something people are sensitive about. Also how well taxed is airbnb, you could probably work out a properties occupancy and average rate (I know someone who could do this) and from that infer a % tax. Note, this assumes that airbnb property owners are also avoiding tax. Anyone know?
  4. I heard a good one..

    Dear all, Very anecdotal, but my sis in law is an estate agent in Hammersmith told me an interesting story at the weekend. Young Chinese guy bought an off plan river flat for 1.4 mill, using 20% deposit. Now crapping himself as says he is unable to get the remainder owed out of China and hence wants to sell asap.... told there are no buyers looking. Will likely make a massive loss! Cant be the only one. Bring on the crash...
  5. I've gone and written that book

    wish i had ordered my paperback yesterday when delivery was estimated 22/23rd, would have enjoyed it while enduring the relatives visits over xmas, now mine is due to arrival on 28th lookign forward to it mind
  6. I've gone and written that book

    on the topic of good quality stuff, is there a site that lists stuff that lasts, most things I buy nowadays seem to last a few years and are then defunct!
  7. Damn, as someone who finally plucked up the courage to spend half my £60k pension pot in my SIPP on funds / etfs (half on the Vanguard LFS 80, half on VWRL) am feeling quite silly right now. Should I reverse my action, am only a few hundred quid down...
  8. I agree, £30K is not enough, we are a family of 3 in zone 6 London (2 late 30s working adults and a 2.5 year old who is at nursery part time) and our yearly spend is closer to £45K at £3.5-4K per month, looking at my money dashboard app I can see last month for example: Rent -£1350 Nursery £675 Food £450 Commute costs £160 Council Tax £135 Gas and leccy £110 Media bundle £90 Mobiles £60 Petrol £70.... Rest is frittered away somehow... I suspect life would be a bit more comfortable if I hadn't bothered with uni and had just bought a house at 18, I could have been mortgauge free by now, and if I had Grandparents locally to babysit, half my expenses would disappear in one swoop!
  9. Btl Backfired?

    there should be a reward system to let HMRC know about stuff like this, I reckon I could make it into a 2nd income stream with all the dumb amateur landlords I know who don't bother doing this.
  10. I would disagree, living in Southeast I don't know any families with 2 cars. In fact my parents, surviving on my Dad's medium income had a lot bigger house, drove 2 cars and we took plenty of holidays. Nowadays I earn 3x average income and my wife 2x and yet we do not have the expendable income my parents used to have.
  11. March Budget

    Am catching up on this thread, quick question, should I rush to put cash into my SIPP before the 16th, planning to hold as cash and buy stock at a later date... in case higher rate tax relief is reduced?
  12. What's Stopping You Leaving London And The South East?

    Am scared to move despite working from home. Don't trust my employer enough to not screw me eventually and then I might find myself living somewhere cheaper with less job prospects..... Not against living elsewhere, enjoy visiting friends in Midlands, just job prospects worries me most. The majority of my clients are based in South.
  13. Sipp Help

    Ok this has hit a snag, the whole process of salary sacrifice is proving too difficult for celergo the payroll company that pays me on behalf of the US company I work for. Should I just aim to top up with already taxed money then claim tax relief?
  14. Sipp Help

    Dear all, Need some Sipp advice. Am currently getting a much higher than my typical average salary, so while this lasts I want to minimise tax and maximise my savings potential. Plus to be honest have never really taken a pension seriously before and it is time to start doing so. Here are the facts: Six months into tax year paid 45k so far estimate 90k for tax year. Have not filled isa allowance or my son’s isa yet. Paid over 50% of salary in commissions, paid quarterly. No sipp at present, just small stakeholder one getting approx £200 per month paid by company I work for. Questions: Which is best low cost sipp provider around atm? Am going to look at low cost index trackers (recommendations?) I know a pension is a long term bet, but typically they say 60% equity/40% bonds for someone my age (mid to late 30s) as per Tim Hale's book, but bonds appear risky and equities could drop soon especially if I am investing in quarterly lumps. Should I hold it in cash within the SIPP, is this possible? Then buy equities when prices have dropped further? Should I lump as much as possible of remaining yearly pay into Sipp? What’s the annual limit? Any other tips. Cheers, J
  15. Supply And Demand.....my Backside

    I agree, now how do I convince my Wife that it will benefit us and our young Son, to escape the Winter each year.