To get financial advice? How could they help?

[MoneyHelpPl]

I'm currently earning around £145k a year plus bonus, probably a total of £180k a year (bonus is unreliable).

I got very lucky and made a good decision, as my previous job paid £60k. It might mean I'm not well paid for long, so want to make the most of it.

I'm wondering whether some financial advice or maybe an accountant might help me manage it better. Currently, I'm not doing anything smart. Are there things I should consider doing?

The thing that does sticks out to me is that I pay a lot in childcare because I'm over thresholds. I started to earn more just as I had a need for more Childcare, so don't keep as much of the salary as you would expect

Obviously this is fair because I'm paid well. Childcare will soon cost me about £40k, so it's a big hit to my salary as 40k is the pre-tax cost. So over a third of my salary is on this

For those in a similar situation, what does financial advice or accountants do for you? Do they help you to be smarter with money?

Bump

One thing you can do is increase your pension contributions to take you back down to where you qualify for childcare help again.

@MoneyHelpPl yes they can help. You have taken a huge increase in income and professional help may enable you to use available tax efficiencies.

I would suggest an accountant as you may need to do a self assessment. They can talk you through how to do this and the options available to you. They can also explain and advise about short, medium and long term savings, pensions etc.