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Pensions for contractors: an overview
Contractors can benefit from tax savings by investing in a pension early in their contracting career and a pension pot to draw on from age 55.
…nd this is true whether or not they are caught by IR35 . Contractors can invest money personally from th… …tart investing in a pension at the start of their contracting career, even if they feel themselves to be ‘too y… …man limited company/umbrella company, are between contracts or a permanent employee. Further, contractors wan…
Category: Articles: Pensions | Wed, 20 Jan 2010

Contractor pensions - pension options and pensions advice for contractors
Explains away the jargon and points out the opportunities available to contractors who are looking to channel their hard earned income away from the tax man and into their own pocket.
…be up to as much as 48% for contractors caught by IR35. For example, with 48% tax relief it means for ea…
Category: Articles: Pensions | Mon, 09 Jan 2006

How to appeal wrongful tax treatment following an incorrect Off-Payroll assessment
Tax expert David Kirk explains the various options available to contractors seeking to reclaim tax that has been overpaid as a result of Off-Payroll.
…a result of being incorrectly assessed as ‘inside IR35’ under the new Off-Payroll tax have options shoul… …to ensure that they don’t unwittingly enter into contracts with clauses permitting these deductions. Right n… …ave had employer’s NI deductions taken from their contract rates by hirers and agencies since the introducti…
Category: Articles: Off-Payroll (IR35) Reforms | Tue, 07 Aug 2018

Off-payroll repeal praised by Australian self-employed advocate, Ken Phillips
The signalled repeal of Off-Payroll tax rules by the new Chancellor is an exercise in common sense, says Ken Philips, of Self-employed Australia
…strong focus on tax fairness. Ken has studied the IR35 issue since 2000. Ken shares his views on the rec… …stralian Independent Contractors Act (2006), sham contract prevention laws and Unfair Contract laws for self…
Category: Articles: Off-Payroll (IR35) Reforms | Wed, 28 Sept 2022

How income tax is calculated
Contractors are liable to pay tax on their total income. Calculating how much income tax a contractor pays depends on the nature of their earnings.
…mbrella company contractors , and those caught by IR35 , will pay income tax on their salary. And someti…
Category: Articles: Tax Issues | Tue, 16 Apr 2013

Contracting via a limited company. An overview of the start-up process
Contracting via a limited company is straightforward, as long as contractors get the basics right from the outset, says InTouch’s Clare Rickman.
…000 per year in fees, or their contract is inside IR35 , then a limited company may not be right for the… …Contracting via a limited company can be straightforward, as… …g to earn over £30,000 per year in fees, or their contract is inside IR35 , then a limited company may not b…
Category: Articles: Limited Companies | Wed, 27 Jul 2011

Moving from a limited company to an umbrella: reasons and practicalities.
Had enough of running your limited company? Find out why some contractors prefer to use an umbrella.
…wish to place a new contract within that company. IR35 issues If all your contracts are caught by IR35 ,… …ract within that company. IR35 issues If all your contracts are caught by IR35 , then running a limited compa… …potential reasons why you would wish to move your contract/working arrangements from your own limited compan…
Category: Articles: Limited Companies | Thu, 07 Dec 2017

10 questions to ask a specialist contractor accountant
You should ask these 10 questions to check whether an accountant is a contracting expert before signing up.
…ut an accountant’s level of expertise: 1. What is IR35 and how might it affect me? The ‘contractor tax’… …You should check your potential accountant is a contracting expert prior to signing up to their services. Jam… …e. 6. Can you explain how expenses will work if I contract through my own limited company? Contractors are n…
Category: Articles: Limited Companies | Fri, 30 Sept 2016

Contractor guide to tax reliefs allowable on protective clothing
Contractors can claim certain items of protective clothing as legitimate expenses and benefit from tax relief, explains James Abbott of Abbott Moore.
…visibility jacket with a client’s logo puts their IR35 status at risk, this is in fact not the case. Alt…
Category: Articles: Expenses | Mon, 10 Sept 2012

Splitting dividends to maximise net income
Splitting company dividends can be an effective way of maximising net income. We discuss the topic and Section 660 issues.
…income via the dividend route if they are outside IR35 and are either using a Limited Company payment st… …ife Limited Company Income Net Income Income from contracting £63,000 Less: Salary paid £4,500 £4,500 £58,500 L…
Category: Articles: Limited Companies | Wed, 15 Nov 2006