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Um, the company pays them. Then they have funds. What am I missing?
I pay the neighbours teenage daughter £10/day for feeding cats and Hedgehogss when we're away; no idea what the going rate actually is...
Rich_s
Subscriber
Um, the company pays them. Then they have funds. What am I missing?
How often is this dividend paying out?
ours get £10 a month, but then cinema, food, clothes etc we fund, as well as their dance classes, gymnastics, which add up to about £40 a month easily.
How often is this dividend paying out?
Monthly or quarterly. I'd need to have a vote on it, but I usually prevail bearing in mind I'm the sole shareholder.
If they going rate is £40/month, and assuming 2 kids, you're paying out £960/year in dividends. Think i'd also like some of these shares
Um, the company pays them. Then they have funds. What am I missing?
That they're kids and they more than likely won't give a s**t about any of your suggestion, just give them normal pocket money FFS!
Imagine the conversation when they get asked at school how much pocket money they get. "Um I actually don't get pocket money, I'm paid a dividend from the shares in my father's business, if that's not a recipe for getting beaten up behind the bike sheds for being a posh **** I don't know what is 😂
Um, the company pays them. Then they have funds. What am I missing?
Just give them some cash out of your wallet.
I don’t have kids, but have two nephews 10 & 12.
10yr old gets £10 a month, 12yr old gets £20.
They too have some duties around the house, typically the 12yr old doesn’t do anything except moan about doing the duties so invariably doesn’t... then moans when he’s got no money at the end of the month.
That they’re kids and they more than likely won’t give a s**t about any of your suggestion, just give them normal pocket money FFS!
Yea, but contractor logic. Then he would have to pay income tax on it, he'd rather inflict a self assessment tax return on his kids 🤣
Just give them some cash out of your wallet.
Won't work unless they can supply a VAT invoice for walking the dog and washing the car. Otherwise he can't add it to the directors loan.
Won’t work unless they can supply a VAT invoice for walking the dog and washing the car. Otherwise he can’t add it to the directors loan.
😂
Should be a thread about how much we used to get. I used to walk to school and use the bus fare for lunch. (Had free meals but too embarrassed to get them).
Kids these days are in Starbucks/Costa everyday, amazes me how they can afford it.
Really IMHO depends what the purpose of pocket money is...
To me it's a balance of financial independence for some things and learning the value of money and the fact something needs to be exchanged for money.
I'm more likely to pay outside of pocket money for "healthy" (gym, cycling, swimming) activities than non healthy... but they still need to "waste" some money to realise they wasted it.
Kids these days are in Starbucks/Costa everyday, amazes me how they can afford it.
Not all kids, no. My kids certainly don’t not even my eldest who can earn £400 with her job depending on hours.
Our 2yr old gets £100 a month, for this he keeps us awake at night, drinks all the milk, shits on the floor, pulls the dogs tail and ears, has strops and throws marbles at everyone. He doesn't spend any of it now but we can use it as pocket money when hes older, or a house deposit.
Shocked on how much the teenagers get.
How do they buy beer and fags??
I give my nine year old £6 + 3 a week. The +3 he gets for the daily recycling, bed made and room tidy.
He is saving for a new iPad. I would have bought one anyway.
And I let him pay for coffee when we’re out😃
but that year he got his paper round paying £80 a month
Blimey, I think I got £1/ day on my paper round. A long time ago, but still...
My eldest has been asking about pocket money. This may have been connected to her bringing me a cup of tea in bed this morning...
Currently stick £40 in my 14 year old’s account in the 1st of each month.
According to him we’re “starving” him and his mates get”loads more”.
Pretty sure that’s not the case, but am in danger of suffering from parental guilt…
WTF?!? If my kids get anything, they have to earn it.
Only on the rare occasion will they get more because of a special event of some sort. And all of them, as soon as they can, are encouraged to go out and work.
What does a 14 year old kid spend that much money on?
Won’t work unless they can supply a VAT invoice for walking the dog and washing the car.
Damn it! That was the plan. 🙂
Problem is with "just pay them cash" is that I'm cash poor. I'm paid bog all by, erm, me. So was mooting the company just paying an amount into their account (up to 2k I think is the limit) and then that would become their pocket money. Could help with budgeting etc too.
Just simply cos it's easier for me to do.
Anyway, I'll go and consult some less sarcastic assholes 😉
Anyway, I’ll go and consult some less sarcastic assholes
Just wait till they start shorting your stock or attempting a hostile take over.....
What does a 14 year old kid spend that much money on?
Hobbies, clothes, make up, trips out with friends, special treats and then sweets with the change.