Personal accountants?

[Diddums]

Is this a thing? Someone who knows all about pensions and tax loopholes and all the other boring stuff? Or do I need a separate specialist for each aspect?

Ideally I'd like to have a complete financial review.

Cheers

 

[Diddums]

Are you asking if this a service which exists (it does, see: Accountants) or who you should speak to?

Who to speak to, everything I google just comes up with business accountants

 

[Diddums]

There must be an old school high street accountant near your new digs? I’d start with one of those.

There are a few, what with this being Surrey and full of rich old farts. I'll have a ring around sesh tomorrow and see if any of them can promise me a strawberry moon on a stick.

 

[Diddums]

Aren't you just looking for a financial advisor?

Probably, ya.

Points of interest are pension contributions and how much to contribute to avoid as much tax as possible, ISA shizzles, and anything else I might not be aware of.

 

[Diddums]

You don't have enough dollar to worry about that. Just make a thread here...

I'll have to make cutbacks for sure, not sure how I'm gonna cope without your mum's onlyfans

 

[Diddums]

I looked into that, and did call an FC at some point. I wasn't wealthy enough to make it viable. I ended up making a spreadsheet and using the salary calculator, just making adjustments in the calculator until the spreadsheet showed that I'd found the optimum. By optimum, I mean that I was getting the most in my pension and in my pocket.

This is exactly what I want. Basically an annual review of my finances to make sure the gov isn't taking more than I want them to have. it'll be fine for the first time, but then things like promotions, payrises, government budgets and all the other noise can mean I lose out, and I'd rather not!

Depending on what tax bracket you want to full under, say 20%... what I do is make sure my taxable income is less that 50k.

Taxable income includes..
Your salary
Taxable benefits from work.
Bonuses
interest from taxable saving account
dividends held in a taxable from stocks and shares account
any other income from onlyfans, ebay etc.

Income Tax rates and Personal Allowances

Personal Allowance, Income Tax rates, bands and thresholds.

www.gov.uk

I basically cap my salary off at 48K and it gives me 2k head room for the other stuff.

This is some excellent advice, thanks. I just need a list of all the items that aren't taxable so I can max them out.