Contracting is a lifestyle and career choice many people have chosen for the greater flexibility and earning power it offers. However, this greater freedom also means that you have a bigger responsibility to maintain financial stability and ensure that your hard earned money is working for you.

You will need to provide your own financial benefits package in terms of retirement, savings and financial protection against risk.

We find the main financial concerns of contractors include:

  • Maintaining financial stability
  • Ensuring their business affairs are set up in the most tax efficient manner
  • Keeping up to date with changes to contractor legislation and the applicable effects on their company
  • Paying all taxes and VAT correctly

Contractors are also naturally concerned that they are saving enough for retirement, getting the most from their investments and that they have sufficient protection in place for themselves and their families in the event of ill health.

With all these concerns in mind, we offer a no obligation financial review, to determine whether you have the most appropriate and comprehensive financial arrangements in place and creating a bespoke financial plan.

The value of an investment with St. James’s Place will be directly linked to the performance of funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.