Cut Tax Today and Save for Tomorrow with a Contractor Pension
Pensions are big news! They represent one of the few remaining tax breaks available to contractors, regardless of whether you are inside or outside of IR35. If you’ve not already set up a pension or don’t currently make full use of the allowances available, you could be paying substantial amounts of tax unnecessarily.
Exploit the rules and get the equivalent of up to 69% tax relief.
You can invest money personally from your own funds or direct from your company bank account. If caught by the IR35, you save not only the income tax that would ordinarily be payable but you also avoid the employers/employees national insurance contributions. The amount of tax relief can be as much as 69% meaning that for each £100 invested, you pay £31 and the tax man pays the rest.
5 Reasons to choose Contractor Financials for your Pension…
- We ensure that 100% of your contributions go into your pension.
As specialist IFAs, looking solely after contractors, we understand that it is important to avoid companies that levy initial set up costs. This ensures that 100% of your contribution goes into your pension which is crucial given the fact that your employment status may mean that you do not fund the scheme continuously for the rest of your life.
- We only recommend providers with financial stability.
Takeovers and mergers cannot be predicted with 100% certainty but we attempt to recommend providers with the financial strength to remain the steward of your investment throughout your life.
- We only recommend versatile pensions.
Any penson we recommend will be versatile enough to allow contributions regardless of whether you continue to work through a one-man limited company/umbrella company, are between contracts or a permanent employee.
- We understand your contracting position.
We understand how to fully exploit tax rules that are little understood by more general advisors/providers to ensure that you get the best possible benefit from your time as a contractor.
- We only recommend pensions that allow flexible contributions.
As a contractor, your employment status is inherently changeable; therefore any pension we recommend will give you complete freedom to increase, decrease, restart and cease contributions completely.
Interested? Get in Touch Today!
Simply complete our Pension finder form or call us on
0845 066 8888 and a member of our Pension team
will contact you to discuss your requirements.
What do our customers say about our service?
Rob Bowman January 2012
Stephen Birchall December 2011
Ade Adekola October 2011