Or both??
We’re about to make some big financial decisions and thinking we probably need a bit of help but not sure if an IFA or accountant would be the best? Can anyone advise:
Our situation
· Own a house which we rent out (since Nov 14) will soon be selling to fund new house purchase.
· DH going to be made director and offered shares in his company (not sure yet what scheme his company are using and how this affects his tax liabilities – prob need advice around this). He will also be getting a pay rise which means we would no longer be eligible for child benefit. However he does not have a pension, which he needs – so need advice re pensions/salary sacrifice/SIPPS options etc
· Also just general advise re financial matters. We will be needing a mortgage to fund new house purchase, with our current mortgage I have always overpaid as much as I can each month (even though the interest rate is very low) as to me that’s a tangible thing that I can see. However I’m aware this probably isn’t the best use of the money esp since DH will now be paying higher tax so we would probably be better paying into his pension/investments (and getting the tax benefit) rather than paying off a mortgage on a low rate.
· We also currently employ a nanny through an agency but will shortly be taking her on directly, I was going to use a nanny payment agency or would that be something we could use the accountant for anyway?
I do have a bit mistrust on pension providers due to all the scandals and how much they levy in charges (I have my own, but public sector and extremely lucky to still have final salary even though they are dumbing it down as much as possible), so ideally would be looking for DH to be able to invest in some tracker funds through pension wrapper to minimise charges although I realise I am a bit clueless really with investments so am willing to take on advice…
BTW my DH is financially clueless lol so this is generally left to me. Hopefully someone can point me in the right direction 