I have been working as a freelance translator for the past 4 years via a Ltd company that I run with husband (he runs a online shop, we run the company together to save on accounting costs and our businesses are not related).
Previously I was a teacher (in Denmark) and when I stopped to become a translator, I also stopped paying into my pension scheme (arranged by employer and obligatory). This pension is still in Denmark as it is too much hassle to move it at the moment so I am waiting till it hopefully gets easier to move it.
I had set a goal of starting another pension the year I turn 40, which is this year. I can't really afford it yet, but I am thinking that I have to do it anyway as it was my goal and if I wait, it will never happen. So I am just going to pay in a small amount every month which I will increase each year.
But I have absolutely no idea what pension to choose! Before I ask my accountant for advice, I would like to at least look into it and have an idea of what my options are. I am looking for a safe and boring option, not stock market, possibly ethical investment. Can anyone help?
lemmingcurd, why are you setting up a ltd company? I am only asking as the yearly accountant fees will be more than £1000 so unless you really need to, you could be better of just being (staying?) self-employed (sole trader). I only set up the ltd company as I run it with my DH (and I am rubbish at figures, so really need an accountant).
Talkinpeace, I had thought of the same, actually. What company do you use and how much can you put in the kids ISA?
Misscph I am only asking as the yearly accountant fees will be more than £1000 Any accountant who has the gall to charge that much on a simple Ltd Co deserves to be fired. If the records are good, £400 is nearer the mark.
ISAs at the moment we are just filling our cash limits so I move the accounts every year Kids ISAs are £3600 per year per child when the mortgage is paid and I start doing share ISAs I'll probably self manage ...
Talkinpeace, I haven't been able to find a chartered accountant who charges less, but it cover everything - year end accounts, VAT, personal tax and any questions I might have. What do you mean, "if the records are good"?
Thanks for info on ISAs.
I might add that I am totally clueless with figures ...
Thanks for the link to the business forum, Talkingpeace, it looks really useful. I use Kashflow myself, and I see they have a Kashflow forum, really handy.
flatmum, your accountant fees sounds more like mine. I don't think my records are "decent", they are pretty simple, but there are loads of small invoices in different currencies with different payment terms, to begin with. And then of course my DHs invoices are daily and even smaller as he runs a web shop.