Contractor Mortgages and Pensions

This is step 13, the last step of our guide Contracting in the UK.

Mortgages:

Contractors, even first timers, can get the same high street mortgages as permanent employees. However, to avoid lots of hassle you should ensure you choose a broker who is familiar with the contract market.

We recommend Contractor Financials who specialise in the contract market and will give you a free mortgage quotation.

You can find out how much you can borrow using our Contractor Mortgage Assessor Calculator.

To calculate expected payments use the Contractor Mortgage Calculator.

Pensions:

Pensions are an excellent way of saving using pre-taxed income and can attract tax relief of up to 48%.

If you are caught by IR35 then you can minimise the IR35 pain with a pension by diverting pre taxed income to your pension rather than the tax man.

You can calculate the personal advantageous of pensions using our Contractor Pension Calculator.

This concludes our guide to contracting. If you have any questions then please contact us.

Step 14: Memberships: Professional Contractors Group