7 votes

Does 20/4/10 rule really exist when financing car?

These kind of rules are actually "guidelines": if you do not comply them nobody is going to punish you for that. they are the opinion of some people, and not a law of physics: Some other ...
user avatar
  • 2,425
4 votes

Does 20/4/10 rule really exist when financing car?

I prefer a 100/0/0 rule myself. I buy a new(ish) car only when I have saved up enough money to afford it. But doing that would require you to have enough spare money to buy a decent used car. There'...
user avatar
  • 8,255
2 votes

Complicated CGT conundrum

We helped by putting our names on the mortgage. You signed the mortgage as a guarantor. Originally, we had agreed to share the proceeds at the point of sale. You gained an equity interest through a ...
user avatar
1 vote
Accepted

Can you defer the July self assessment tax payment until January in the UK

Everyone who self-assesses for income tax is theoretically subject to making three payments in respect of a given tax year. Let's take 2022-2023 as an example: A first payment on account in Janary ...
user avatar
1 vote

Does 20/4/10 rule really exist when financing car?

The core point of that rule is to help you to not overextend yourself. If you borrow more or for longer, you will end up spending most of your free income for interest and rates for years to come, and ...
user avatar
  • 36.7k
1 vote
Accepted

UK Taxation: Should I be able to calculate my PAYE tax for the year exactly?

WOW! I've now solved the ~probl~puzzle, and found the information that was missing. As always the answer is "secret answer D": the UK Tax Rules are exact ... they just don't quite match the ...
user avatar
  • 2,002
1 vote

UK Taxation: Should I be able to calculate my PAYE tax for the year exactly?

This is a partial answer that I may flesh out later, but according to the comments perhaps still enough of an answer to be useful. The short answer is that PAYE tax is predictable but it does take a ...
user avatar

Only top scored, non community-wiki answers of a minimum length are eligible