Benefits of working as a contractor in the UK

If you are thinking about working as a freelance contractor, you have made a great decision. You will be able to enjoy many perks of being self-employed. However, there are certain limitations and you have to know them before you make your decision to work as a contractor. Contractors are different in many ways when […]

Contractor Pensions – Save for the Future & Reduce your Tax

Well, they don’t differ in terms of the structure of the investments per se, but where they do differ is how the pension will actually be funded. What a permanent employee would do is he’d fund his pension, from their own personal bank account. And, then he’d claim back the tax relief via self assessment.

How can Contractor Pension help IR35

The financial benefits of contracting are quickly diminish once you’ve been caught by IR35, however all is not lost if you are within IR35 you are able to invest your gross taxable income into a contractor pension scheme well before the taxes can be applied. This means that you are able to invest as much […]

Contractor Pensions – What are the Tax Benefits?

If you are not currently contributing to a contract pension there is a chance you up paying significantly more tax to HMRC then you need to. Pensions are one of the only true tax breaks that are left in the UK and can play an important role in minimising your taxable income, whether or not […]

Contractor Pensions – Everything you needed to know

No mater what stage in life you are in it’s always a good time to start thinking about starting a pension. With the UK’s ageing population the state pension is becoming more and more strained. Apart from the importance of putting money aside for the future  it is one of the most tax efficient ways of saving money. […]