Cottonlung
Well-known member
- Messages
- 176
- Location
- Manchester
Alright keep your hair on. Haha..Never understood when people say this. If you're earning over the tax threshold then you're only saving 20% (40% for the high earners although I assume they would have gone limited by then) on each purchase. So if you spend £1000 on something then that £1000 isn't taxed, I would rather £800 in my pocket and £200 in the tax mans than neither.... Seems a case of cutting off your nose to spite your face to me. I can understand investing in equipment or property that becomes an asset of course.