Put some in a shares ISA so that you have an accessible cash fund if you need it.
Just had a letter from The Pensions Regulator saying we need to set up a pensions scheme. As directors, the employees are ourselves. Any idea where to start, or who might be trustworthy to help choose?
Quote from: tomtom on December 02, 2016, 07:32:58 pmFunds have many hidden costs and disadvantages and apart from a few notable exceptions don't do well decade in, decade out. Fund Managers get lucky and unlucky and come and go. Picking a fund on the basis of its performance over the last five years is not a good idea. A low cost tracker with dividends reinvested would be a more transparent option than an active fund. With a low cost tracker the known, known of costs will be minimised.
Just invest in Bitcoin. What could possibly go wrong
Also - I should have said, if the directors are the only employees and they don't have contracts and aren't paid through PAYE then you won't need to enrol - see www.thepensionsregulator.gov.uk/en/employers/what-if-i-dont-have-any-staff.aspxSent from my iPhone using Tapatalk
I also assume that they pay higher rate tax
Thanks guys, all helpful advice. I don't have any pension/ savings so this is probably a good reason to start.QuoteI also assume that they pay higher rate taxAHAHAHAHAHA. In my dreams. In the wrong game obviously.