Hi there,
I am a permanent considering moving to contracting with a limited. My "problem" is that I have a very thrifty lifestyle and I would only need 10%-15% of my monthly rate. I don't want to take the money out and pay taxes if I am not needing it. Ideally I would like to save it, invest it and in some years time start working less and less months per year.
What would be the most tax efficient way to pile-up savings and invest them to withdraw them little by little in the future?
I am a permanent considering moving to contracting with a limited. My "problem" is that I have a very thrifty lifestyle and I would only need 10%-15% of my monthly rate. I don't want to take the money out and pay taxes if I am not needing it. Ideally I would like to save it, invest it and in some years time start working less and less months per year.
What would be the most tax efficient way to pile-up savings and invest them to withdraw them little by little in the future?
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