Questions

[KeepCopingLads]

Target towards ukcells @Foreverbrad @Seth Walsh @SecularIslamist
Once I turn 18, I'll be talking money from my child trust fund and past 18 any money I make to do long term investing
I'm probably just going to do ETFs
What I want to ask is, how do you guys reduce or avoid taxes and how much of my salary should I be investing once I actually do get a job (post uni) (unrelated note but I'm planning to go into dentistry, if I mess up somehow then dental hygiene and therapy)

 

[Foreverbrad]

ISA, all of your salary.

 

[KeepCopingLads]

ISA, all of your salary.

I can take money out whenever right? I'm not tryna wait till I'm 60 and old and grumpy to do anything

 

[zygosmasher]

Target towards ukcells @Foreverbrad @Seth Walsh @SecularIslamist
Once I turn 18, I'll be talking money from my child trust fund and past 18 any money I make to do long term investing
I'm probably just going to do ETFs
What I want to ask is, how do you guys reduce or avoid taxes and how much of my salary should I be investing once I actually do get a job (post uni) (unrelated note but I'm planning to go into dentistry, if I mess up somehow then dental hygiene and therapy)

staying in the uk and reducing taxes cant be put in the same sentence. if youre enough of a rich kid just move to monaco or dubai

 

[KeepCopingLads]

I can take money out whenever right? I'm not tryna wait till I'm 60 and old and grumpy to do anything

@Foreverbrad there has to be some catch right? Tax free growth? And you and me both know UK loves tax

 

[KeepCopingLads]

staying in the uk and reducing taxes cant be put in the same sentence. if youre enough of a rich kid just move to monaco or dubai

I don't plan to stay in the UK after uni, maybe USA

 

[zygosmasher]

I don't plan to stay in the UK after uni, maybe USA

even worse, im living in the uk but honestly the best option is looking like monaco. but you need the funds for that ofcourse

 

[KeepCopingLads]

even worse, im living in the uk but honestly the best option is looking like monaco. but you need the funds for that ofcourse

And I'm Muslim so it's not like I can wander off to a random euro country

 

[Foreverbrad]

@Foreverbrad there has to be some catch right? Tax free growth? And you and me both know UK loves tax

You can only put 20£k a year otherwise no catch

 

[KeepCopingLads]

You can only put 20£k a year otherwise no catch

Not like any of us becoming millionaires anyways

 

[zygosmasher]

And I'm Muslim so it's not like I can wander off to a random euro country

go to dubai then, they hate muslims/browns even more in the us than here

 

[KeepCopingLads]

go to dubai then, they hate muslims/browns even more in the us than here

At least in California and Florida there's Afghan communities and Dubai overrated, Abu Dhabi idk
But tbh I'll cross that bridge when I get to it

 

[zygosmasher]

At least in California and Florida there's Afghan communities and Dubai overrated, Abu Dhabi idk
But tbh I'll cross that bridge when I get to it

do whats best for you, just dont expect any magic from the UK, were all getting raped