Assuming £75k salary and 25-30 years of service, then the pension is worth £30-35k already. So that’s a PV capital value of basically £1mm. So really you have a net worth of close to £2mm. You then add in Mrs TLI who you say it a bit behind on investments but has ...
If you've got a pension, count yourself as one of the lucky ones. A pension is more valuable than you realize. With a pension, you won't be forced tolower your safe withdrawal ratein retirement like those of use who don't have pensions. This post will help you calculate the value o...
A corporation is a separate legal entity. Therefore, you do not need to report your corporate income with your personal income tax return. If you are paid salary or dividends from your corporation, the income needs to be reported. When your business starts to make money, it may be beneficia...
The cost of living is relatively low, although it greatly depends on your lifestyle. Prices are reasonable and you can get by comfortably with a low salary. Living in the most modern cities such as Beijing and Shanghai is almost twice as expensive as living in smaller cities such as Qingda...
Both are taxed differently. A C-corp is its own entity and must file a tax return using Form 1120. It must pay corporate income tax for all corporate profits. Then shareholders pay taxes on income from profits distributed to them by the corporation. This results indouble taxation. ...