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Post by tyrednexited on Dec 4, 2017 20:29:27 GMT
But equally, given our good standard of living, why not have a nice car ........ .....it would depend if there is something else you'd prefer to spend it on. As the sayings go "Life is not a rehearsal, and there ain't no pockets in a shroud". |
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Deleted
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Post by Deleted on Dec 4, 2017 20:32:48 GMT
I can quite understand her wanting the Evoque. Perhaps you should look at the cost of acquiring the current vehicle?
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Rob
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Post by Rob on Dec 4, 2017 20:34:49 GMT
>> BIK is £9,600. Leasing is about £3,750 over the total spend. The balance is tax and NIC. Gulp
BIK is the amount you pay tax on based on list price and emissions . So she pays 40% tax so she pays 40% of £9600 for BIK surely. So £3840pa or £320pm. About £90pm more than I pay for a Superb. If she pays tax at 40% the BIK sum cannot be an actual £9600 surely.
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Post by Deleted on Dec 4, 2017 21:25:47 GMT
But there is also 14% NIC.
The total is made up of : -
Leasing say £3750
NIC say £1400
Tax say £3840
Total = £8990
Ok not £10,000 but still a lot. Yes, we can afford it, no, there are no pockets in shrouds, but we have three children and soon to be two students. I want to give them a good start if possible.
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Post by Humph on Dec 4, 2017 21:49:03 GMT
Suzuki Ignis then.😜
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WDB
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Post by WDB on Dec 4, 2017 21:53:29 GMT
...but we have three children and soon to be two students. I want to give them a good start if possible. Yep. It will at least start every time. No such guarantees with Land Rover products. |
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Post by Humph on Dec 4, 2017 22:04:21 GMT
My father in law loves his one. Kind of funky, sort of, ish. Actually, if I didn't need a big car and just wanted a little fun bash about thing, I'd be happy enough with one too. Reminds me of a modern version of the Mk1 Panda I had about 3 lifetimes ago. I always think of that car at Christmas, it managed to accommodate a 7' Christmas tree I bought. Had to kind of bend it about a bit to get it in, and my view out was restricted to half the windscreen and the driver's door mirror but I got it in. Never did manage to get the tree completely straight afterwards. Same year I took the wee Fiat to Switzerland on a skiing trip. Great little thing. I suppose it has dissolved by now. Black with a red coachline. 900cc of noise and willingness, 4 speed box and a hammock for a back seat.
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Post by tyrednexited on Dec 4, 2017 22:05:28 GMT
......... but we have three children and soon to be two students. I want to give them a good start if possible. ...you'll need to start with a bigger car to give up on. I reckon my two have cost me upwards of £80K in the years since they went off to be students  . (though that investment also allowed them to graduate largely debt-free) |
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Post by Humph on Dec 4, 2017 22:07:18 GMT
Gee thanks for those encouraging words T&E...😰
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Post by tyrednexited on Dec 4, 2017 22:12:08 GMT
Gee thanks for those encouraging words T&E...😰 ...I don't think there's any way of softening the message. With tuition fees where they are, and student living costs, putting kids through further education is either an expensive pastime for their parents, or an introduction to a debt-ridden future for themselves. Of course, if they max out on student loans and then go into a dead-end job, they can escape most of the debt, but what parent wants that for their children? (and the interest rates on student loans, particularly give the current low rates elsewhere, are eye-wateringly high). |
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WDB
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Post by WDB on Dec 4, 2017 22:12:43 GMT
I reckon my two have cost me upwards of £80K in the years since they went off to be students. Gulp! Selfishly hoping our craven government will reduce tuition fees in a craven attempt to stave off Corbyn. Today's laughable mess over Northern Ireland may hasten that. |
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Rob
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Post by Rob on Dec 4, 2017 22:49:18 GMT
>> But there is also 14% NIC.
She does not pay that nor do you. Your company pays that.
If you gave her an allowance for a car then doesn't that reduce NIC for the company? And she can get a nearly new car within the allowance for less.
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Deleted
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Post by Deleted on Dec 5, 2017 4:39:57 GMT
Ah! That is the advice I need. Thank you. Need another chat with the accountant. However, the NIC charge still affects us, as the company money and our money is one pot; it is how it is divided up for tax purposes that we need the accountant for.
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Deleted
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Post by Deleted on Dec 5, 2017 9:11:10 GMT
I reckon my two have cost me upwards of £80K in the years since they went off to be students. Gulp! Selfishly hoping our craven government will reduce tuition fees in a craven attempt to stave off Corbyn. Today's laughable mess over Northern Ireland may hasten that. Try budgeting for it after 20 years of private school fees. Corbyn wants to put 20% VAT on those so I'm buggered with either of the Dumb and Dumber parties. |
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Post by Deleted on Dec 5, 2017 9:16:36 GMT
I simply do not understand how any government thinks it can improve the quality of graduates to benefit the economy by charging students to study. Frankly, free selective education at 11 (with a second crack of the whip at either 13 or 16), followed by free university tuition as a minimum (with a reasonable level of living support) will enhance social mobility and reduce the brain drain. Get rid of Mickey Mouse degrees and have proper trades and engineering qualifications. It's not rocket science.
Since we had tuition fees and maintenance loans etc, landlords have made fortunes on the back of students and their families. Not exactly what Gordon Brown and Tony Blair anticipated.
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