This Business and Moment...

IC3 · Thursday at 14:01

dlockers said:
How are other people dealing with the post-100k implications and childcare?

I am in a real productivity rut - if the spreadsheet on the GOV website is correct, I am entitled to £12ph x 38 weeks x 30 hours = 13,680 plus £2k tax-free plus £2k tax-free for my other child. That's £17,680 value whilst they're under two. It gets a bit less than that between 2 and 3, and a bit less again between 3 and 4. But still substantial value.

So to "see" anything in my take home, I need at least £146500k/year in salary to just break even? Assuming a flat 62% rate for assumption purposes.

Organisations need to wake up to this, no?

Have a look on r/henryuk - sub on reddit.

OldKitMan · Thursday at 14:27

dlockers said:
How are other people dealing with the post-100k implications and childcare?

Pension contributions to take it below 100k.

EvilRob · Thursday at 15:36

OldKitMan said:
Pension contributions to take it below 100k.

Sure, but really, sometimes you want to have a better quality of life than 100k provides and not just put away ever growing amounts for the future. The system is designed to keep us down right now.

IC3 · Thursday at 19:47

Reduced hours, if that's an option?

ChrisD. · Thursday at 22:58

dlockers said:
How are other people dealing with the post-100k implications and childcare?

I'm taking it up the backside with no lube. Stupid rules, wife doesn't earn much, yet next door who earn a fair amount more than we do as a household are entitled to it.

dlockers · Thursday at 23:08

OldKitMan said:
Pension contributions to take it below 100k.

Yeah and a fleet of EVs and a racing bike --- actually, can I get an ebike on Cycle 2 Work?

The problem is one of incentivisation and motivation.

IC3 said:
Reduced hours, if that's an option?

I had forgotten my maths on this from years ago...I could drop 2 days a week and still be quids in :eek:

ChrisD. said:
I'm taking it up the backside with no lube. Stupid rules, wife doesn't earn much, yet next door who earn a fair amount more than we do as a household are entitled to it.

Isn't your comp heavily stocks tho? Does taking stock and paying CG get around this or is it considered income?

ChrisD. · 2024-11-29T07:02:52+0000

dlockers said:
Isn't your comp heavily stocks tho? Does taking stock and paying CG get around this or is it considered income?

Sadly it counts.

Freefaller · 2024-11-29T12:16:28+0000

dlockers said:
Yeah and a fleet of EVs and a racing bike --- actually, can I get an ebike on Cycle 2 Work?

The problem is one of incentivisation and motivation.

I had forgotten my maths on this from years ago...I could drop 2 days a week and still be quids in

Isn't your comp heavily stocks tho? Does taking stock and paying CG get around this or is it considered income?

Why don't you just reduce it as much as you can and then take the hit on the rest. You still get 15hrs. Better than nothing.

IC3 · 2024-11-29T20:24:27+0000

dlockers said:
I had forgotten my maths on this from years ago...I could drop 2 days a week and still be quids in

I highly recommend browsing through r/henryuk and r/henryfinance, good subs with loads of useful info.

233 · 2024-11-29T20:49:03+0000

Been an interesting month.

Sold my taxi company !!!

Business tanked during Covid then bounced back over the past couple of years up to a peak of 170 cars.

Was made a very reasonable offer to buy us out from a larger rival and an ongoing role in the new parent company.

Also got engaged last week.

It’s been a good few weeks

dlockers · 2024-11-29T23:00:29+0000

233 said:
Been an interesting month.

Sold my taxi company !!!

Business tanked during Covid then bounced back over the past couple of years up to a peak of 170 cars.

Was made a very reasonable offer to buy us out from a larger rival and an ongoing role in the new parent company.

Also got engaged last week.

It’s been a good few weeks

We need numbers man