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On the Premium Charge page, has the Total Charges already been divided by 2 for the purposes of PC calculation.
What I mean is that if total charges are £10k, would you, then be liable for PC when you hit £50k profit,
or would the total need to be divided by 2 first & therefore meaning £5k & thus PC liable at £25k profit.
What I mean is that if total charges are £10k, would you, then be liable for PC when you hit £50k profit,
or would the total need to be divided by 2 first & therefore meaning £5k & thus PC liable at £25k profit.
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no..the total charges are pc and commission added.
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ok cheers, so total charges should be 20% of your profits? - if you've not hit the 250k threshold of course
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yes but you have to win 250,000 net..ie less the charges.
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thanks
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I'm safe for about 80 years then
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Does the premium charge tab appear for you salmon? It appears from me when my charges are less than 50% of gross profit. The net profit figure is a good bit higher than the money I've withdrawn, so if you are the same prob about 40 years
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Yes it's been there for years but I vary between 28 and 40% of winnings paid in commission and will be about 140 before I get over £250k unless I up my stakes or get VERY lucky. Obviously unlike some I have other sources of income
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Commission shown in total charges on the portal is the commission generated, not the commission paid; and comm paid is normally higher than that generated, so a bit misleading in telling you how much you've coughed up.
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I think my current charges paid is around 35%. Obviously I have a net profit which is quite a bit lower than my gross profit. I've assumed I won't pay PC unless that figure goes below 20% ( unlikely ) or I make a net profit of £250k overall (highly unlikely).
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yes andriy it is a scam and I would be very surprised if BF's commission income was not a lot higher than the figure represented by commission generated. I'm surprised that a 40%+ charge payer hasn't complained to the OFT.
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