Contractor Financials ? An Overview

Pensions

• Funded via employer contributions directly from your contract
• Uniquely avoids Employers and Employees national insurance as well as income tax
• Basic rate taxpayers benefit from 39% instead of 20% relief. Higher rate taxpayers save even more
• No initial set-up fees so all of your money is invested
• Penalty free payment holidays
• Move the pension to a new employer if you change jobs or you can continue to invest personally

The Excellium pension scheme offers you a great opportunity for tax planning because payments are made directly from your payroll. This contribution is exempt from the Income Tax and National Insurance deductions that would apply if you took this money directly as salary and you could therefore benefit from the equivalent of 39% or 48% tax relief depending on your tax rate.

Contractor Financials are Independent Financial Advisors specialising in offering tailored financial solutions to contractors and freelancers.

Call 0845 062 8888 or email excellium@contractorfinancials.com.

The value of investments may rise as well as fall and past performance is not a guide to future returns.