Working as a contractor in the UK can be the most lucrative decision you ever make… But is it worth the hassle? Despite a dip in the general UK job market, skilled specialists are still highly sought after and can command impressive salaries. Working as a contractor in the UK is often a fast-track to financial independence. But for many professionals considering the move, the red tape can seem extremely daunting – even putting them off completely.
“Don’t let the red tape stop you from fulfilling your goals!” says Raymond Ridgeway, Commercial manager at 1st Contact.
“There are many opportunities for skilled contractors in the UK, and with the right assistance, it needn’t be a complicated process. 1stContact Umbrella is geared towards helping contractors make the most of their salaries. By signing up with an Umbrella payroll structure, they enjoy the best of both worlds – the freedom of a contractor lifestyle; with all the benefits of fulltime employment, including substantial tax savings.”
There are many opportunities for skilled contractors in the UK, and with the right assistance, it needn’t be a complicated process.
1st Contact Umbrella works closely with UK recruitment agencies and professional bodies like CPA, ICAA and SAICA, assisting thousands of professionals moving to the UK each year. Essentially an outsourced payroll system, frees clients of the complicated tax admin that comes with being a contractor. Salaries are paid directly to 1st Contact Umbrella, all the necessary calculations and deductions are made and the client receives the net sum. Over and above the obvious convenience, there are also substantial tax benefits which over a few years can save the contractor a bundle.
As one client puts it: “I’ve been on the payroll system for 14 months now and not having to worry about doing any of my own paperwork has certainly made life easier! Wish I’d done it sooner!”
Raymond Ridgeway had the following tips to add:
• Look at current job boards, blogs and forums related to your industry
• Stay up to date with trends, developments and opportunities in your field
• Speak to membership organisations
• Ensure that your CV uses the correct UK terminology
• Pre-register with 1st Contact Umbrella before departure so that you have the support you need from the onset!