Interest on £4 Million
15 March 2006, 02:19 PM
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Interest on £4 Million
Per year ??
What could you achieve to earn of £4 million
I reckon you could get £100k a year without too much bother
Wadya reckon ??
What could you achieve to earn of £4 million
I reckon you could get £100k a year without too much bother
Wadya reckon ??
15 March 2006, 02:24 PM
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Originally Posted by lightning101
You could buy an entire ex-council estate in glasgow for that and then rent it back to the council at £400 a house 
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15 March 2006, 02:34 PM
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Originally Posted by OllyK
I'm guessing your going to make it in to the top tax bracket earning £200K per year 
15 March 2006, 02:37 PM
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Originally Posted by lightning101
£200,000 with tax allowance of £4745 a year
£195,255.00 taxable
£72,207.60 tax
£4,651.48 nat ins
£123,140.92 net
£195,255.00 taxable
£72,207.60 tax
£4,651.48 nat ins
£123,140.92 net
15 March 2006, 02:39 PM
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Originally Posted by sti-04!!
It was just a question
15 March 2006, 02:40 PM
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Yeah, surely you won't need to pay national insurance on it?!?
Still, that amount of tax will keep a couple of chav breeders in a nice house
Still, that amount of tax will keep a couple of chav breeders in a nice house
15 March 2006, 02:41 PM
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Originally Posted by OllyK
If you've got £4 million sloshing about, get an IFA and I'm sure they'll turn round better than 5% for you and work out the best way to pay the minimum amount of tax to boot.
15 March 2006, 02:45 PM
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So if you were unemployed and not claiming benefits you would not be entitled to these, assuming you lost the 4 million
Contribution based Jobseeker's Allowance (Class 1 NICs only)
Incapacity Benefit (if you can't work for long periods due to illness or injury)
State Pension
additional State Pension (Class 1 NICs only)
Widowed Parents' Allowance
Bereavement Allowance
Bereavement Payment
Contribution based Jobseeker's Allowance (Class 1 NICs only)
Incapacity Benefit (if you can't work for long periods due to illness or injury)
State Pension
additional State Pension (Class 1 NICs only)
Widowed Parents' Allowance
Bereavement Allowance
Bereavement Payment
15 March 2006, 03:35 PM
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Originally Posted by ChefDude
as a high net worth individual, you could easily invest in CDOs, and Index CDSs.
you'd be returning 10%+ then
you'd be returning 10%+ then
15 March 2006, 04:02 PM
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CDO - collatoralised debt object
CDS - (Index) Credit Default SWAP (if using tranches)
basically credit derivatives. used to trade off the back of bonds.
i'm in a small team authoring this stuff on the buy side.
CDS - (Index) Credit Default SWAP (if using tranches)
basically credit derivatives. used to trade off the back of bonds.
i'm in a small team authoring this stuff on the buy side.
15 March 2006, 06:28 PM
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i always wonder what sort of 'income' you'd get with a decent lottery win, always nice to dream!
4k a week with no debts or mortgage would do nicely
4k a week with no debts or mortgage would do nicely
15 March 2006, 09:20 PM
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Originally Posted by Scooby Snacks 23
Like to think you could get more than that - plenty of accounts offering in excess of 5% - that's £200K straight off.
15 March 2006, 09:34 PM
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The real trick would be avoiding the temptation to spend the capital rather than the interest- once you start buying cars, boats, houses etc then it wouldn't last long.