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mark64uk


Joined: 03/12/2008
Posts: 67

Message Posted:
03/12/2008 21:33

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Message 1 of 10 in Discussion

hi can anyone tell me what i can expect back out of my high investment account with 48000 ytl in each month at 18% cheers



batterboy58



Joined: 20/04/2008
Posts: 442

Message Posted:
03/12/2008 21:48

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Message 2 of 10 in Discussion

720 YTL PM



batterboy58



Joined: 20/04/2008
Posts: 442

Message Posted:
03/12/2008 21:49

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Message 3 of 10 in Discussion

662.4YTL After tax



Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
03/12/2008 21:51

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Message 4 of 10 in Discussion

Some Banks are paying up to 23% so I'm told...



mark64uk


Joined: 03/12/2008
Posts: 67

Message Posted:
03/12/2008 22:24

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Message 5 of 10 in Discussion

am i correct in thinking that the tax rate is 8% on a high interest account



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
03/12/2008 22:57

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Message 6 of 10 in Discussion

8% tax on interest earned,



mark64uk


Joined: 03/12/2008
Posts: 67

Message Posted:
03/12/2008 23:02

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Message 7 of 10 in Discussion

then 10% of 48000 ytl is 4800 so why only 666.2 ytl after tax only sorry if im being stupid



Hatty


Joined: 13/07/2008
Posts: 260

Message Posted:
04/12/2008 00:21

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Message 8 of 10 in Discussion

662.4 per month per acct!



batterboy58



Joined: 20/04/2008
Posts: 442

Message Posted:
04/12/2008 01:12

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Message 9 of 10 in Discussion

Mark



48000 x 18% = 8640



8640 x 8% = 691.2



8640 - 691.2 =7948.8



7948.8 / 12 =662.4



mark64uk


Joined: 03/12/2008
Posts: 67

Message Posted:
04/12/2008 07:14

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Message 10 of 10 in Discussion

many thanks batterboy i c now



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