Re: Can I have some ideas please
Just to be sure I understand would an accurate summary be you would largely get £40k to pay for food and entertainment with most other costs covered.
My first question is what is the tax burden going to be like? I know here in the States, sometimes you are taxed on indirect compensation. For instance there is a line item on my pay stub which reads GTL imputed income and this is basically accounting for my income based on my company's group term life insurance policy which is paid by the company. I don't know what location you're speaking of but they could easily tax you for some portion of the expenses your employer would pay by imputing it as your income in a similar manner.
My second question is that since you seem to be the adventurous type, not everyone has the stones and skill to establish their own company and make it work, what are the main reservations you have? Perhaps you started the company when you were single and now the responsibilities of family make you hesitant, in which case there seems to be no reason not to follow the advice from your wife even if Sundays may be a bit less...
If you can do it and either have someone to take over the business or have the time to quickly bring someone else up, you wouldn't have to worry about stranding any current customers that you care about. As I'm late to this party, I'll say I'd only rent the house out if you have someone who can manage the property since you're not about to be in a position to jump on a plane if the water heater blows. It would have to be someone local that you trust to do the due diligence and they'll wind up with a few extra dollars in the pocket and your aim is to largely stay even unless a loss can offset the aforementioned taxes; would it serve as a potential retirement home if you can't make it back in the near term?
Perhaps you may have guessed I'm going to side with that 1980s_codger guy ;). I'm now a few thousand miles and multiple time zones away from where my family is and my wife's family is even further in the opposite direction. Next month I'll miss a wedding in the family because the timing is horrible but fortunately they're going to stop by here on the honeymoon because as it works out they might wind up here as well (career Navy guy). Honestly, we've been here five years now and I'm actually hoping a new adventure isn't too far off. Perhaps one closer to the ocean so I'll get to dive more.
Good luck, good fortunes.