: Thu Apr 02, 2009 8:43 pm  

hey, at least that last one isnt true and you know it

: Thu Apr 02, 2009 8:44 pm  

Anyway, shall we drag this back on topic?

As I said, offshoe payments are perfectly legal and contrary to popular belief are NOT a way of avoiding taxes, just a good way to maximse tax bands

: Thu Apr 02, 2009 8:53 pm  

There's nothing wrong with minimising your taxes; it's the smart thing to do.
We as individuals should all be saving at least our first £3600pa in ISA's (assuming we have it!). And any self empoyed person should be paying a good accountant to minimise their tax when handling their income (I hate PAYE!). The tax breaks and loopholes are there to be exploited until they are closed. We shouldn't blame clubs for doing the same thing in their business dealings.

: Thu Apr 02, 2009 8:55 pm  

Code13 wrote:

hey, at least that last one isnt true and you know it

Alright. I don't derail good threads.... And I think your definition of 'derail' may need addressing!

: Thu Apr 02, 2009 11:18 pm  

Baron Greenback wrote:

There's nothing wrong with minimising your taxes; it's the smart thing to do.
We as individuals should all be saving at least our first £3600pa in ISA's (assuming we have it!). And any self empoyed person should be paying a good accountant to minimise their tax when handling their income (I hate PAYE!). The tax breaks and loopholes are there to be exploited until they are closed. We shouldn't blame clubs for doing the same thing in their business dealings.

Why not £7200

As an aside there is an argument that suggests any advisor not advising their client to put the first £7200 of their investment into an ISA appropriate to their attitude to risk is not giving good advice.

: Fri Apr 03, 2009 6:57 am  

Code13 wrote:

Why not £7200

As you obviously know, shares have a higher element of associated risk in the short term. That means they're typically more suited to medium-long term investment rather than a vehicle for savings that someone is likely to need to access in a few months, especially in a bear market situation like we're in now.

...We should run a little off-topic financials thread for all interested parties with a few grand flying about the place.... Gahan?

Code13 wrote:

As an aside there is an argument that suggests any advisor not advising their client to put the first £7200 of their investment into an ISA appropriate to their attitude to risk is not giving good advice.

Aye, if it's an investment model of at least 5 years I'd probably agree with that.

: Fri Apr 03, 2009 7:36 am  

If its for les than 5 years then its savings

And depending on the investment risk of the stocks and shares side of a maxi ISA it could be acceptable anyway

: Fri Apr 03, 2009 8:38 am  

Baron Greenback wrote:

As you obviously know, shares have a higher element of associated risk in the short term. That means they're typically more suited to medium-long term investment rather than a vehicle for savings that someone is likely to need to access in a few months, especially in a bear market situation like we're in now.

...We should run a little off-topic financials thread for all interested parties with a few grand flying about the place.... Gahan?


Aye, if it's an investment model of at least 5 years I'd probably agree with that.

My Share ISA is worth the same now as it was in 2004.

: Fri Apr 03, 2009 10:15 am  

Would you like a round of applause?

: Fri Apr 03, 2009 10:25 am  

Baron Greenback wrote:

Would you like a round of applause?

If you like although a return on investment would be nice though.