Pension
ContractorUmbrella strongly recommends that you make full use of any available tax breaks to enhance your total 'net' earnings.
By exploiting Inland Revenue allowances you are able to redirect part of your contract income each month into a tax efficient pension scheme. This will not only ensure that you save substantial amounts of income tax but additionally we are able to class contributions to our group stakeholder pension as having been 'employer' funded and this also means that you avoid costly employees and employers national insurance deductions as well.
The money invested not only represents the most tax efficient means of you receiving funds from your contract but also builds up a fund to provide an income for your future retirement.
ContractorUmbrella.com has enlisted the help of specialist Independent Financial Advisers; Contractor Money to provide our members with tailored financial planning solutions that reflect the unique manner in which you work.
Contractor Money have set up a very low cost group pension for our members that is customised to reflect the fact that you may only be funding the scheme for a relatively short period of time. The scheme is also fully portable so that you can continue to fund the pension independently even if you leave ContractorUmbrella.com.
You should seriously consider suspending any existing pension schemes that you currently fund and instead instruct us to make these investments into the in-house pension instead as this will be far more tax efficient.
For further details and a personalised illustration please complete the 'pension finder' and Contractor Money will be happy to help. Alternatively you can speak to an adviser on 0845 062 8888.
Contractor Money will respect your privacy and adhere to the Data Protection rules as outlined in their Private Client Agreement. This document also covers their regulatory status as Independent Financial Advisers directly authorised and regulated by the Financial Services Authority (FSA).
