Wednesday, August 28, 2013

How much should an accountant charge for one-off advice (UK)?

How much should an accountant charge for one-off advice (UK)?
Hi, I'm moving abroad to work and have been advised by a financial advisor to speak to an accountant about my tax status before he can help me with pension. Can someone give me an idea as to how much that would cost? An hourly rate for example? Thanks
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends on the size of the firm - anything up to £150ph, but a tax advisor could do this work and may be cheaper.
Answer 2 :
Any IFA worth his salt should have an understanding of the residence rules. The residence rules are not overly complex. If you are moving abroad permanently, or at least for a period of 4 years, you will be not resident. If you are leaving with a contract of employment, you will be not resident as long at that contract covers a period which includes the next 6 April and the following 5 April. Look at the HMRC6 for guidance and save some money. Questions like this are always like asking how long is a piece of string. Look in your yellow pages and phone round a few to see how much they charge.

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