u/carlosriven

I have a small Ltd company that invoices around £500/month.

I already have a full-time job, and I don't take a salary or dividends from the Ltd.

The company has very few transactions, and I plan to make employer pension contributions rather than withdraw the money.

I'm currently paying £150/month for an accountant, which feels expensive given how simple the company is.

Is it worth having an accountant in my situation? If so, what's the cheapest option that still keeps everything compliant?

Hi, I’m quite new to this and would really appreciate some help understanding my numbers and whether my plan is realistic.

I’m aiming for financial independence 51M. My daughter has just finished university, and my son is about to start.

Here’s my current situation:

\-£300k in savings (including £80k in ISAs)

\-£125k in a pension

\-A house in the UK worth £350k with £68k left on the mortgage

\-Another UK house worth £200k with £35k left on the mortgage

\-A house in Spain worth €470k with €70k left on the mortgage

I’ve been working for 30 years and could keep contributing to my pension for another 5 years to reach the maximum.

I rent out one of the UK properties for £1,300/month, which currently covers all my mortgage payments.

I have about 15 years left on the mortgages.

I’m planning to retire to Spain ,would this be possible with my current situation?

Thanks!

BTW: I am quite frugal. I only want to spend time in my garden in Spain and buy some cheap flights from.time to time to go to the UK.

Upadate: I am 49 years old earning 85k/year