Make a box with tax on investments
I live in Denmark where we pay 28 % in tax on investment gains in the stock market up till the first 48K (in DKK) we gain, and there after 48 % on any gains above 48K. I assume that we danes have to hit a 8 % safety margen before we can retire. Is it possible to make som boxe where we can enter tax on investment and then calculate?
Thx
Thor
shared this idea
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Frederik
commented
You'll need to consider the personal deduct (personfradrag) can be used on stock gains above the progression limit.
You can check out my blog at https://ungmedpenge.dk where I share my experience.
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FireLife
commented
And now it is 29 ...
But good point. I believe in making more income streams and writhe about it on https://firelife.dk
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Delcid02
commented
Most of taxes can be saved with various investment options. I am not an expert but still have been gaining knowledge from various sources. I just got to know about Balance Advantage funds from https://www.goodmoneying.com/balanced-advantage-funds-vs-balanced-funds/ and might consider these. I might consult an expert as well before making my final decision.
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Sune Bjørn Andersen
commented
Maybe you could do this by changing the roi number. Say your target is 100k a year to live on. Tax wise this means that half will be taxed at rought 25% and the other half at roughly 50%. if the roi after inflation (7-2) is 5, then the math would be (5*0.75+5*0.5)/2 = 3.125 (this roi would include the premise that half is taxed 25% and half 50%). Also check out my site about FIRE in Denmark: www.frinans.dk