Anyone else just trying to blow through the tax trap?
About to hit year 3 as a consultant. 10pa 3% sup. Thanks to extras I’ve been within the tax trap for a few years. No PP
Aggressive spreadsheeting and a SIPP has kept me just behind the line but it’s time intensive. Our kids are. In state school and only use after school clubs twice a week so tax free childcare is nice but not a must so I’m toying with just blowing through the trap and be damned.
The extra net pay would be nice and we’re modelled/planned to retire at 60 anyway so tempted to spend and enjoy the nice holidays now.
Anyone else planning to just do whatever extras they fancy and blow the income on fun shit?
u/TommyMac — 9 days ago