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I've been through a startup in the UK, 1997-2000. I was 33-36; my boss was 30-33; the CEO turned 40. At time of IPO the average age was going down, but was sti
by cstross 7y ago
I've been through a startup in the UK, 1997-2000.
I was 33-36; my boss was 30-33; the CEO turned 40. At time of IPO the average age was going down, but was still close to 30.
It wouldn't have been practical without the NHS; free healthcare enables older, more experienced people with families (and pre-existing health conditions) to take risks.
Non-health insurance is often about third-party cover—in other words, ensuring that if you accidentally injure someone else (e.g. your office catches fire, everyone in the building is rendered homeless), they aren't out of pocket. I see absolutely no reason why your desire to get rich quick should trump other folks' health and safety.
- Roark66 7y agoUK is very different in this regard. This is why many EU companies actually register in UK. You have no compulsory NI nor NHS payments. If you want you can pay yourself a salary of 1GBP per month if you're a director. Contrast that with Poland (and many other EU countries) where no matter if your company makes money or not you owe the tax man between $300-600 per founder or employee.
- cstross 7y agoI don't know where you get the idea there's no compulsory NI in the UK ...! The NHS is paid for out of income tax; unless you're wealthy going in, you're going to be paying yourself and your employees sooner or later.
- GeneralTspoon 7y agoTechnically there aren't any compulsory NI contributions below a minimum threshold (~£8k per year). Obviously you're going to hit that if you're paying employees, but for companies with multiple directors/founders - they can pay themselves minimum salary + take dividends (which don't require NI contributions to be paid). Above that threshold means you pay an extra ~13% in employer NI contributions on top of the gross salary of your employees.