Posted by John Yerou
on November 23rd, 2012 16:30pm in
Last Updated on May 5th, 2018 15:06pm.
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 of your income as you can afford without the income been taxed.
Tony Harris goes into a lot more detail about how this works in the video, so I would suggest if you are affected by IR35 that you take the time to watch this short video
John Yerou is a pioneer of contractor mortgages and owner and founder of Freelancer Financials, Contractor Mortgages®, C&F Mortgages and Self Employed Mortgages, trading styles and brands of the award-winning Mortgage Quest Ltd.