Contractor Financials

Many Contractors will be familiar with the opportunities presented by the Pensions Simplification rules (known as ‘A’ Day) that came into effect last April. The new rules included the ability to make, in theory at least, unlimited company contributions into pensions within a personal lifetime allowance of £1.5 million. This provided Contractors operating through one-man …

January is always a great time to put in place those changes that will ensure you make the most of your cash in the coming 12 months. As Independent Financial Advisers we are always on hand to help and heres some suggestions to make 2007 a really prosperous year: Shop around for credit cards with …

After suffering 10 months of confusion and anxiety, Contractors, their Pension Advisers and Accountants can breath a huge sign of relief after clarification this week by HM Revenue & Customs (HMRC) regarding how pension contributions from one-man limited companies will be assessed for tax relief. Pension planning blight The ‘wholly & exclusively’ rule that seemed …

The Chancellor’s pre-budget report seems to be a case of Gordon giveth in April and Gordon taketh away in December. Some good news for the future of tax free savings was tempered by a turnaround on pensions. As IFAs we have summarised the changes and how they affect Freelancers. ISAs The best news to come …