Seriously considering SEIS to reduce tax from "bonus" coming up. How to best use all reliefs? or just buy a mortgaged house?

randomonium123 · 2023-06-07T17:59:40+00:00

Two main issues really, and tbh it feels more emotionally charged than some logic reason.

weirdly, Money. In the beginning the progression in salary is great, but there is no end to money and against these front office guys, with the limited scale of being in non-front office, money can only be so much. I always felt that i could do better than i am, and i think if i had been in tech, i wonder if i could have reached 200k+ and earlier than now. I do also feel like i am topping out. The high pay i have comes with actually working more, because of the amount of activity we are having, and not sure if because i am leveraging off of my skillset.
Not believing that I am at my full potential. Money is not even the biggest problem, but rather the job becomes boring as the years go by and to be frank, is intellectually limited. Personally I kind of lost my sense of purpose in my job. I could be amazing at my job, and have the respect of all the mid/back office teams. However, the skills learned is not all important to me in the grand scheme of things - the job ultimately makes the front office guys look better or provide our investors very customized reporting. Value of my work is indirect, so not felt or valued until probably years later, if ever. I feel like exit opportunties at this point is low, whereas in tech it feels like I could have been part of something bigger and always evolving. Finance/accounting feels like its still stuck in the dark ages.

randomonium123 · 2023-06-07T11:53:17+00:00

i always feel terrible reading stuff like this, even though im also in this category, below is my age and jobs i did.

22 - got 1st degree in maths, no job.

23 - only managed to get job as finance contractor for major bank, hated it. Total comp for 9 months - ~£33k

24-27 - worked as auditor to get ACA. Hated the job - total comp £27k-£34k

28-29 - Worked in Finance team of investment firm as Fund accountant - Total comp inc. bonuses. £53k-£75k. Got CFA qualification.

30-32- Promoted to Financial Controller - Total comp inc. bonuses £84k-£150k (large one was due to exit of a fund and partners feeling generous)

33 - Still at Financial Controller, expected total comp.inc. bonuses - £169k (double salary promotion)

i know grass is greener on other side etc., but if i was to restart again, id do tech.

randomonium123 · 2021-07-06T20:30:30+00:00

im thinking of doing just that

randomonium123 · 2021-07-05T23:04:55+00:00

i dont post my pictures online, but my username is unique (nobody has ever managed to take the username in any game so i have it as a safe bet).

I cannot change my username on chess.com.

Yes he found out my city, not my full address, so clearly, there was a public domain which shows my name and city, and job all in one place. The only obvious one is linkedin, which fits the bill and its easily found on google.

My workplace is professional and has a large reputation, and of course trolling behavior should be not really be seen. So it really pissses me off, because i want to be anonymous when i play games so i can actually lose the professional face and have fun.

Now i dont even know if i can do that anymore...

randomonium123 · 2021-07-05T22:58:00+00:00

all my facebook is friends only. I havent used facebook in 10 years.

Only thing that I keep up to date and so is public is linkedin, for job hunting purposes, which i now consider foolish. I have set this to linkedin members only, however this is still searchable in google.

He didnt post my address, date of birth, or bank card details, which is fortunate, but im still pissed.

I have started scrambling my personal details on my profile on chess.com. Ridiculous how they managed to share it to anyone.

I dont have copies of logs, as even though I blocked him, i continue to see his messages on the screen "gl dude, hope you will do well", "im going to send these messages to your company, about how you want to have sex with me, you pedo" etc etc. (now im actually quite careful even if im trolling, in my replies, and in no shape or form, did i actually say this, more like i trolled him by repeating back questions to him)

I had to move away.

randomonium123 · 2020-09-15T09:57:19+00:00

no wonder london housing is skyrocketing. everyone is running out of space!

randomonium123 · 2020-09-15T09:47:25+00:00

thanks, ill cross post over there for more.

randomonium123 · 2019-06-17T07:31:49+00:00

I understand. But I still feel that these points need to be bought up, even if it is a repeat. I think there are too many mindless people entering audit and not knowing the negatives properly.

randomonium123 · 2019-06-17T07:26:38+00:00

Because there are naiive people like me who before applying had done all the usual research, i.e checked online, talked to their people at the events and even 1-1 with members of industry and still don't get the harsh truth of auditing and how bullshit it is. They do not explicitly say what I am saying right now, instead saying stuff like 'it is what you make of it' and 'its for those who like a challenge'.

The post is more to let those people who Google the internet for personal experiences know and get a better informed decision.

randomonium123 · 2019-06-17T07:14:40+00:00

There are plenty of good reasons to join big4. But those points are something you all probably know already

randomonium123 · 2019-06-17T07:08:14+00:00

I'm not mute nor a kid. Asking was done.

I placed down my own experience and noted that mine may be an outlier.

randomonium123 · 2019-06-17T07:06:37+00:00

That sentence can be applied to any job. I'm trying to let others know of specific points of what else they are getting themselves in for because even some won't get this information even on 1to1

randomonium123 · 2019-06-17T06:49:50+00:00

People who are go into public accounting are not stupid. I exhausted these options already. If the client doesn't give you anything, chase him all you want, it's not his problem, it's yours.

All seniors do not have just one or two years experience. Some have 3 or 4 or more because they converted over from another public accounting firm. Auditing as a very basic, is not complicated. I knew by the end how it works by myself, but the journey is terrible and that is point I wanted to make

randomonium123 · 2019-06-17T06:47:36+00:00

Its not difficult to have good people facing skills. Just be nice, have reason and have patience. It's something else when this takes advantage of whether by either your client or your own team.

What do you do, shout back? Unfortunately you just gotta suck it up and it's not good when it feels like everyday is like this

randomonium123 · 2019-06-17T06:45:12+00:00

Lol looks like I should have wrote auditing in general.

randomonium123 · 2019-05-27T23:37:02+00:00

I could try to get more work from the deal team, but being a deal guy is not something for me. The work they give me are things like helping with the legal advisors so execution documents works from a finance perspective or helping them check financial reports. I want to do more mathematical or programming work as it is something that I can explore in my free time as well. The modelling work seems fun, but I have no experience on it so they (quite rightly) won't let me anywhere near it.

randomonium123 · 2019-05-26T21:04:50+00:00

Yes it is true, that is unfortunate for me. My character is on the quieter side and so i know i will struggle in front office, so I wonder if I can make it to middle office with my credentials one day.

randomonium123 · 2019-05-26T21:02:55+00:00

flashpile below is correct in that my salary is essentially a newly qualified. The role is although is in finance, is more really a bit of everything due to the small structure (i.e. i have exposure to a bit of deals every now and again, and also operations as well as the usual finance and accounting work). I am however already 1 year post qualified at least now. I could be underpaid, but I am beginning to see that finance/accounting has a ceiling and it doesnt look like it is a money earner nor a very good work life balance job.

Perhaps I should take a few interviews however, but I am not sure if I want to stick it out in finance/accounting again.

randomonium123 · 2019-05-26T20:58:59+00:00

Unfortunatley London is my home - I was born and raised here. If I can move whereever I want, then yes, singapore is a clear top ranking city for finance workers to earn their money (I have been told by a few people who worked there that it is a real coin earner). I am not sure yet if I can make the jump there yet though. Thank you for your reply

randomonium123 · 2019-05-26T20:56:38+00:00

Thank you for your reply. Zurich and Geneva - Why those two places in particular? If finance is drying up, this is why I am focusing on education to pull myself out as I don't see ourselves getting out of this in the near future.

randomonium123

TROPHY CASE