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    I want to some help with tax. Should I speak to a financial advisor or an accountant?

    10 February 2023

    Question by Henry

    I want to some help with tax - to make sure I'm maximising my allowances (pension, capital gains etc.).

    I spoke with a financial advisor who would do it but wants to manage my money which is expensive (currently in low-cost funds).

    Should I just speak to an accountant?

    Answered by Boring Money

    Hi Henry

    Your best bet is speaking to an advice-only financial planner. These are financial planners who do not advise on the investments or assets you have, but give you general financial advice about making use of allowances like you mention and can provide other help depending on your situation and needs. Following this you then implement the advice yourself with your investments.

    I should say I am not an advice-only financial planner, I am more like the adviser you reference in your question.
    That said, well-known search engines will bring up results of advice-only financial planners to speak to. An accountant is not your best bet for what you are looking for.

    Best of luck with your search

    Jamie

    Answered by

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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