Hi guys,
Please comment if you guys do this.
Currently we are putting away 10% of each disbursement away for emergencies, taxes etc. We feel this may be to much though.
If anybody else does this please let me know what % you put away and why.
10% is a common rule of thumb, it’s not set in stone. Some people may choose to save a higher percentage if they have more financial responsibilities or if they’re planning for larger expenses in the future.
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12% for VAT & corporation tax, 5% for emergency fund ( if not used it’s going into the dividend) , 10% for Payroll
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30% put away for taxes in America.
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