Correction: I am a Certified Financial PlannerFor a complex set of circumstances like this you should not be paying commission to an advisor. You should be paying a professional fee on an hourly rate. And that professional will refer to other tax specialists as necessary.
Steven is a Chartered Financial Planner which is the qualification I recommended.
Check out your own guy to see what qualifications he has.
And have you got his advice in writing?
Brendan
Yes, that's the body that I am a member of. They managed the CFP designation in Ireland.Apologies. Corrected now.
This is the body to which I referred:
From having perused your post:What questions do you all think I should ask?
All great points. I do think the rent a room is valid but if it is not then I need to replace that income through salary.From having perused your post:
- You need clarity on whether use of rent-a-room scheme is valid;
- Are your parents-in-law using the €3k tax-free gift exemption as much as they can?
- Can you tax-efficiently top up your own pension fund?
- Life insurance - are you over-insured? Your wealthy parents-in-law and future inheritance seem to be providing a lot of natural insurance.
A CFP qualification isn't a cast iron guarantee. In order to boost their numbers, the FPSB allowed brokers who work on commission at banks and insurance companies use the designation (there are lots of good people working in banks and insurance companies but they have no choice but to charge commission).1) What is your qualification? Are you a Certified Financial Planner?
Leave if he is not.
Brendan
I think this is an important point. I need the best - all round advice to see the situation from all angles. Thanks Brendan.1) What is your qualification? Are you a Certified Financial Planner?
Leave if he is not.
Brendan