duck
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Post by duck on Jun 14, 2017 19:40:06 GMT
how the heck do you make 17k interest? must have 150k+ invested in P2P?... Yes, my wife and I both do. I have been with P2P almost since it started and whilst I'm a long way from being a BH I probably have an above average amount invested.
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Post by dan1 on Jun 14, 2017 19:43:58 GMT
how the heck do you make 17k interest? must have 150k+ invested in P2P?... Someone currently has £47,865 listed in one loan on the SM of FS. Now scale it up based their allocation to a single loan (1-5% of their P2P portfolio), and again to their overall portfolio (10% P2P, perhaps). Jaw-dropping.
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Post by spiker on Jun 14, 2017 19:45:29 GMT
all relative really to how much capital you have to begin with...
I've 20k invested and making approx 15% (Tho i've only been in the game a few months)
But I'm one of these b*#$%rds with a bot doing ALL the work for me
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Post by akihisafumihiro on Jun 14, 2017 21:46:18 GMT
I started off with £20,000 3 years ago. I should hit £300,000 in August 2018. My target is £360,000 which could be June 2019
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duck
Member of DD Central
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Post by duck on Jun 15, 2017 4:39:59 GMT
..... But I'm one of these b*#$%rds with a bot doing ALL the work for me ALL the work, I'm interested. A bot that does DD, haven't come across one of those before ......
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archie
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Post by archie on Jun 15, 2017 5:52:15 GMT
To be safe I'd suggest divorce.  Only joking, one thing that might need consideration is Marriage allowance. |
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will
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Post by will on Jun 15, 2017 7:18:09 GMT
To be safe I'd suggest divorce. Only joking, one thing that might need consideration is Marriage allowance. The 17k interest allowance if far more generous than the marriage allowance.
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Post by spiker on Jun 15, 2017 8:37:10 GMT
I started off with £20,000 3 years ago. I should hit £300,000 in August 2018. My target is £360,000 which could be June 2019 Not quite sure how that works....
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Post by spiker on Jun 15, 2017 8:38:58 GMT
..... But I'm one of these b*#$%rds with a bot doing ALL the work for me ALL the work, I'm interested. A bot that does DD, haven't come across one of those before ...... DD not required Just buy and flip 
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rogerbu
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Post by rogerbu on Jun 15, 2017 9:01:34 GMT
how the heck do you make 17k interest? must have 150k+ invested in P2P?... Yes, my wife and I both do. I have been with P2P almost since it started and whilst I'm a long way from being a BH I probably have an above average amount invested. Yes - same as duck, but note that the £17,500 allowance is against all income including pensions and other interest income. I'm retired and treat it as my job to manage our finances
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duck
Member of DD Central
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Post by duck on Jun 15, 2017 9:36:14 GMT
Yes - same as duck , but note that the £17,500 allowance is against all income including pensions and other interest income. Exactly. Both of us retired early but when my wife's pensions come into play (quite some years down the line) major adjustments to the income streams will have to be made. Currently it is easiest if my wife uses her allowance solely on P2P and I deal with everything else since I still have a business that holds a decent amount of funds so tax matters get a little complicated! spiker relying on flipping is OK until the aftermarkets become overloaded. Lendy has been overloaded for some months now and MT has a current overload. What happens when you are stuck with perhaps not the best of loans?
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Post by akihisafumihiro on Jun 15, 2017 10:33:30 GMT
I started off with £20,000 3 years ago. I should hit £300,000 in August 2018. My target is £360,000 which could be June 2019 Not quite sure how that works.... If works by throwing every penny into P2P
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Post by spiker on Jun 15, 2017 12:56:02 GMT
Yes - same as duck , but note that the £17,500 allowance is against all income including pensions and other interest income. Exactly. Both of us retired early but when my wife's pensions come into play (quite some years down the line) major adjustments to the income streams will have to be made. Currently it is easiest if my wife uses her allowance solely on P2P and I deal with everything else since I still have a business that holds a decent amount of funds so tax matters get a little complicated! spiker relying on flipping is OK until the aftermarkets become overloaded. Lendy has been overloaded for some months now and MT has a current overload. What happens when you are stuck with perhaps not the best of loans? You ensure you're well diversified and therefore "should" at the very least get your money back (If the average earnings hold up) Problem is what happens if the aftermarkets get saturated and there is a financial downturn resulting in large numbers of defaults... answer is: You should see this coming on a small scale (loans not selling for par etc), and start to offload ASAP (even at a discount). At the end of the day no strategy is risk free....Hence why I'll only be investing 10-20% in P2P
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jun 16, 2017 10:02:29 GMT
Back to the OP topic. As several people have said this is common and legitimate tax planning. One thing not mentioned so far is that if for some reason you wanted to (not suggesting any ) you can loan your assets to your spouse. (S)he then owns the cash and can legitimately invest it under his/her tax regime but still owes you the original capital. |
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twoheads
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Programming
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Post by twoheads on Jun 22, 2017 10:01:30 GMT
But I'm one of these b*#$%rds with a bot doing ALL the work for me Presumably you are investing on platforms with no re-captcha solving otherwise (e.g. on Lendy) you would have solve the re-captcha yourself when your 'bot has prepared the purchase for you.
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