Contractors

Contracting is a lifestyle and career choice that offers plenty of flexibility, freedom, and is often well-paid.

The price of flexibility and freedom is, of course, that you have the responsibility of planning and managing your own finances.

For example, you’ll need to look after your own personal ‘benefits package’ such as your pension planning, your cash savings, and investment planning. Many contractors also protect themselves and their family lifestyle with income protection packages since contracting can be more unpredictable than other careers. It’s also up to you to start planning well ahead for your retirement.

In particular, you may have questions about:

  • Staying financially stable
  • Running your business affairs tax-efficiently
  • Keeping up to date with changes to contractor legislation and its impact on your business
  • Paying all taxes correctly

We offer a no obligation financial review, as a first step, to see what financial arrangements you already have and make some initial recommendations. At this point, we can begin to put together a bespoke financial plan that will help make sure you’re in control of your finances, not the other way around.

Got a question?

If you would like to speak to us about a particular issue or wish to find out more about the specialist advice services we offer around financial planning contractors, please get in touch.