Pensions for contractors and freelancers are a great way of investing in your future. But, if managed properly, they can have a massively positive impact on your tax bill today, too.
Channelling your contributions through your limited company, rather than paying into a fund from your net income, is a great way to ease the burden of safeguarding your lifestyle after you retire.
To find out how you can legitimately get the taxman to contribute almost as much to your nest egg as you do, please continue to our Contractor Pensions page.
ISAs and Investments
ISAs offer a flexible way for contractors and freelancers to invest. With the peaks and troughs in earnings all-too familiar to the self-employed, saving plans that rely on a regular monthly contribution aren't always practical.
Whilst there are limits to how much one can contribute to an ISA in any given tax year, the amounts are considerable. Perhaps even more important for those newer to contracting is that the funds are immediately accessible for those unforeseen expenses.
If you're looking for a great way to earn interest tax free on cash and stocks, then our contractor guide to ISAs and Investments is a great place to start.
The thought of accounting can petrify even the hardiest small business owner. As a professional contractor, you must face facts: accounts come with the territory.
But do you know what empowers the best contractors to succeed and grow their businesses, year on year? Hiring an accountant to take on the taxing work of staying on the right side of IR35.
Not any old accountant will suffice. Rules that govern the decreasing benefits HMRC avails limited company payment structures change. Often. So a specialist is not only advisable, but imperative!
All that said, I know one thing for sure. Newer contractors will see an accountant as an unnecessary expense. They will want a crack at doing their own books, even if it's just to satisfy their own curiosity.
As such, we've written a guide: Contractor Finance: What Contractors Need To Know: The Basics. For the professional intent on DIY accounts, it covers contractor accounting staples. And, yep: it's also for contractors to check that their accountants are earning their crust. ;-)
The problem with comparing property insurance online is that a lot of the products these machines dredge up using their special search engine are not like-for-like products. This can be a problem when coming to claim.
With so much going on in our business, it's easy to skim the Ts & Cs, putting our trust in the insurer that you'll be covered when the time comes.
Our service takes your individual circumstance and ensures that you're insured against things that matter to you! The full S.P. is available to read or download on our Property Insurance page.