SIPPs offer flexibility, tax efficiency, and a wide range of investment choices, making it attractive for those who want to manage their own retirement pot.
If you run a limited company, you can offset a range of business expenses against your company's tax bill. Here we look at some typical contractor expenses.
We look at how net pay is calculated for PAYE umbrella company employees, following deductions from your assignment (umbrella rate) and gross pay rate.
The confirmation statement confirms that all of your company information is accurate and up to date and that your company is compliant with company law.
If you work via an umbrella, you can benefit from 'continuity of employment' - where you continue to be employed by the umbrella even when a contract ends.