These are just some of the advantages to becoming a banking and financial services contractor:

  • No lack of work offers.With huge lay-offs in the sectors, employers are now realising they don’t have the permanent workforce to carry out projects. That’s when they call in contractors.
  • Higher hourly wage. Earn more than employed banking and financial staff.
  • Flexibility. With more money you can afford to take more time off. And because you can pick and choose the projects you work on,you have the flexibility to schedule your time off your way.

As with any contracting job, you must decide your business set-up. The three basic choices are:

  • Umbrella company. This is similar to working as an employee but it has the flexibility of a freelancer.
  • Self-employed. Use your own contacts to get work, and complete your own tax returns yearly. Limited company. The most tax-efficient way. You'll take home more money.

If setting up a limited company is the route for you – or if you’re using an umbrella company and think you might want to change – we can help. We provide accountancy advice and help for all contractors within the banking and financial services sector.

Skytax is committed to delivering an outstanding accountancy service to all our clients. We have helped more than 10,000 professionals to date.

All our clients receive:

  • A personal accountant.
  • Communication that is right for you - face-to-face meetings, Skype, phone or email.
  • Highly competitive fees.
  • Money-back guarantee.
  • Expert advice for everything financial.
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