Been saving for the last year to get a deposit together so we can buy our first house. I have a reasonable size lump in the company now that I'm going to draw out sometime between now and Feb (and face the tax bill next year)...
So this will obviously deplete the rainy day fund significantly - any views on what a good minimum rainy day fund is? I have never had the misfortune of being on the bench, so really don't know what to make provision for. I've always thought a bare minimum of 3 months income is absolute skin of teeth stuff - any thoughts? (and please no "as much as you can afford" know that already )
I obviously have all the company tax/vat squirelled away elsewhere so I'm not going to cause any unlawful dividends etc.
So this will obviously deplete the rainy day fund significantly - any views on what a good minimum rainy day fund is? I have never had the misfortune of being on the bench, so really don't know what to make provision for. I've always thought a bare minimum of 3 months income is absolute skin of teeth stuff - any thoughts? (and please no "as much as you can afford" know that already )
I obviously have all the company tax/vat squirelled away elsewhere so I'm not going to cause any unlawful dividends etc.
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