MikeR

i.e on the rigs

How many weeks a year are you offshore for and do you have to pay tax at all ??

If you do not want to say publicly can you pm me as i am looking at going that way in a few years,

And i do not want to pay tax

Cheers Mike

Oh and what are the tax brackets for a married bloke making 60k a year ?

Lambchop

iTrader: (1)

if you work north sea then you pay tax whatever happens. You usually work a regular rotation of same weeks away to same weeks home.
Sometimes if you work abroad you might work 6weeks abroad then 4 home or the like. you still pay tax working abroad.

i believe you have to be out of the country for something like 9months to qualify for not paying tax. dont hold me to that but ive spoken to guys offshore who have done it. If their rotation abroad means they will be home for more than the allowed limit to be in this country they instead go on hols somewhere else on their time off.

thats the ONLY real way to get round full tax.

You could have your own company and work as a consultant and then you can pay something silly like only 10% tax total because of how you pay yourself and business partners(ie wife) etc. I dont know much at all about this really. But to be a consultant you already need to be established in your field and then the work may not be regular because you work through an agency.


tax for anything over 40k is standard 40% isn't it?

anymore Q's then ask but nothing too technical


chop

rog

iTrader: (2)

40% on anthying over Ł37480, i got a letter the other week.
Like chop says best way to go is either work abroad, or go consulting, set yourself up as a limited compay and pay yourself the minimum wage, plus dividends, to reduce your tax, i don't do this but i'm thinking about it.

MikeR

I currently work offshore but in a different field and pay zero tax

or 15% on the interest on my savings which aint much,

I asked as i am thinking about changing jobs i have also been told that the 9 months thing is now 6 months would be worth checking into as you could be losing money.

Thanks for the info,

Oh what do you guys do offshore ?

Cheers Mike

Lambchop

iTrader: (1)

what do you do then? work on a boat? zero tax is nice!

what would you like to do? something on the rigs?

not sure that 9months would lower to 6 like because most people in north sea do 2 on 2 off so thats a lot of tax not being paid!

Im a Drilling Fluids(Mud) Engineer.

chop

Psycho Warren

iTrader: (5)

Merchant Navy is a good route to avoid tax as long as you spend the correct time away from UK waters outside the 12nm limit.

Oilrigs are likely to be different being anchored structures. Probably has something to do with all the EEZ bollocks.

MikeR

I would like to Fly Helicopters,

As for what i do yes i work on Large private Yachts, but it means i seldom get home, and when i do is very unplanned,

Mike

Psycho Warren

iTrader: (5)

Have you already got flying experience as it can be hard to get into the civil aviation industry unless youre qualified.

Lambchop

iTrader: (1)

flying choppers wouldnt remotely be classed as working offshore though! cool job but the scenery is crap