Search Results

Pension drawdown explained for contractors
Contractors may find pension drawdown offers a flexible solution suited to their contracting lifestyle.
…afforded by flexible drawdown suits the flexible contracting lifestyle, particularly for those contractors see… …ining their income through a combination of fewer contracts and the income from the drawdown. Income security…
Category: Articles: Pensions | Wed, 11 Feb 2015

Pension auto-enrolment letters – what contractors should do
Contractors must respond to Pensions Regulator letters with scheme details or reasons why they don’t need one.
…their spouse or civil partner, without employment contracts then they are exempt The contractor and their spo… …tomatic enrolment, meaning that they work under a contract of employment (an employee),or they have a contra…
Category: Articles: Pensions | Tue, 14 Apr 2015

Why contractors need pensions
Contractors need to make provision for a pension to ensure they can maintain their lifestyle during retirement.
…nsion as early as possible in their employment or contracting career, so that they have the widest range of opt…
Category: Articles: Pensions | Mon, 01 Jun 2015

How much delaying a pension can cost you
Contractors delaying the decision to start a pension risk losing thousands of pounds of pension pot growth.
…ontractors should be saving a varying stages of a contracting career. It is also never too late to start a pens…
Category: Articles: Pensions | Mon, 15 Feb 2016

Contractor guide to UK state-backed pension: National Employment Savings Trust (NEST)
Contractors should take pension action now & not be auto-enrolled into the National Employment Savings Trust.
…tax-efficient methods of extracting earnings from contracting income for contractors. Given the unique nature o…
Category: Articles: Pensions | Thu, 29 Apr 2010

Retirement planning for contractors: 10 key areas to focus on
Contractors looking to enjoy a well funded retirement can take steps to maximise their income and minimise tax, explains Abbott Moore’s James Abbott.
…ent just because they’ve stopped or reduced their contracting business,” notes Abbott. “Simple measures, such a… …per year, should consider working on a fixed-term contract basis with their client, trading as a sole trader…
Category: Articles: Pensions | Wed, 23 Oct 2013

Contractor doctor: should I quit my job before going contracting?
The catch-22 for many is not wanting to quit their job to secure a contract, but without flexibility they can't get one. Here's what to do.
…ills and experience level. I am thinking of going contracting but, with a lack of savings and no experience in… …guide ‘ Should I quit my job before applying for contracts? ’ in msot cases you will need to hand in your no… …eed to hand in your notice before searching for a contract. This is because: Most agents will be reluctant t…
Category: Articles: Contractor Doctor Q+A | Tue, 30 Oct 2018

Contractor doctor: are advertised contract rates a good guide to market rates?
Do the advertised market rates give a good indication of rates in the market?
…contractor about how they went from permanent to contracting . I am currently working in a permanent role, but… …be how they made the transition from permanent to contract: From permanent to contract - case study 1 From p…
Category: Articles: Contractor Doctor Q+A | Tue, 06 Nov 2018

Contractor doctor: can I apply for different contracts with the same agent?
Should you target your CV differently for different roles advertised by the same agent?
…t the work of the CV is over. Good luck with your contract search.…
Category: Articles: Contractor Doctor Q+A | Tue, 13 Nov 2018

Pensions for contractors with an umbrella company
Income when using an umbrella company can go straight into pension funds for serious tax advantages.
…sing a contractor umbrella company to manage your contracting income, you can get very significant tax advantag… …ntributions (NICs) on a hefty percentage of their contract income. 'Pre-taxed' income Provided your umbrella…
Category: Articles: Pensions | Tue, 07 Apr 2009