4 ms·
IMHO find an IFA and work out a holistic financial plan. With 6 figures you should be getting ahead. If you do take this advice make sure: 1) They are regula
by icu 11y ago
IMHO find an IFA and work out a holistic financial plan.
With 6 figures you should be getting ahead.
If you do take this advice make sure:
1) They are regulated (obvious) and check the FCA register to see if they have any complaints
2) You like them and think you can get along, don't just settle for a 'cheap' proposition
3) Make sure they use lifetime cash flow modelling
4) Make sure they use scholastic modelling, and
5) Be prepared to pay for the advice and implement it.
TBH right from the outset it sounds like you might have to make lifestyle choices around spending habits.
Also just guessing here but if you are in that tax bracket you should have several tax mitigation options that will help you.
- zimpenfish 11y agoI guess when I say that "London is too expensive", I don't mean "within the scope of my financial reach" as much as "based on what I'm willing to sacrifice for living here". I could be getting 50-75% more than I'm getting now if I went into Rails consultancy or moved to a bank doing sysadmin work but for me those would be a net negative on my quality of life. Or I could move into a shared house and save a couple of hundred a month on rent but again quality of life concerns prevent that. > you should have several tax mitigation options I have a moral / ethical stance about tax optimisation - I won't do it, however legal it may currently be.
- foldr 11y ago>Make sure they use scholastic modelling Yes, and more specifically, make sure that they're a Thomist. You don't want to be taking finical advice from Averroists or Ockhamists!