Tax
So, I have a really cool mortgage rate. One I can really boast about.
My mortgage is at 0.5% a year. Beat that!!!
Of course to get this I have to pay benefit in kind tax and today I sat down on the phone to HMRC and my HR department of work to find out why my tax is so high.
It turns out that they tax me on the difference between 0.5% and the "national Average Loan Rate" 4.84% (despite my Mortgage would be at the customer preferential rate of 1.89% if not, AND thats not a benefit!)
So that means for having such a low interest rate i save a whopping great £30 a year.
And I am tied to the bank of Scotland for five years and have to work for the shitest company every to be considered for the top 10 companies in the UK...
I love my life
Ki
My mortgage is at 0.5% a year. Beat that!!!
Of course to get this I have to pay benefit in kind tax and today I sat down on the phone to HMRC and my HR department of work to find out why my tax is so high.
It turns out that they tax me on the difference between 0.5% and the "national Average Loan Rate" 4.84% (despite my Mortgage would be at the customer preferential rate of 1.89% if not, AND thats not a benefit!)
So that means for having such a low interest rate i save a whopping great £30 a year.
And I am tied to the bank of Scotland for five years and have to work for the shitest company every to be considered for the top 10 companies in the UK...
I love my life
Ki