Making the move from a permanent role into contracting can be a fantastic career decision. Many professionals enjoy:
• Higher earning potential – day rates often outstrip salaried equivalents.
• Flexibility – choose the projects, hours and locations that work for you.
• Variety – broaden your skills and experience across industries and clients
What you give up
Switching to contracting offers freedom and flexibility in some but means giving up certain benefits compared to being an employee. This includes losing:
• Workplace pension contributions
• Sick pay arrangements
• Death in service cover
• Private medical insurance
These are invaluable as they safeguard your income, health, and family’s future.
Replacing the Benefits on Your Terms
Stepping away from employment doesn’t mean losing security. As specialists in contractor planning, we’ll help you replace key benefits with solutions designed around your lifestyle — giving you confidence that everything’s covered, flexibly and tax-efficiently.
What we cover:
• Pensions
• Life Insurance
• Critical Illness
• Income Protection
• Private Medical Insurance
• IHT Planning
| Lost Employee Benefit | Why It Matters |
|---|---|
| Employer Pension | Re-build your savings, plan for retirement |
| Death In Service | Tax-efficient life cover paid for by your business |
| Critical Illness Cover | Used to ease financial pressure if you’re diagnosed with a critical illness |
| Sick Pay | Provides a monthly income if you can’t work due to illness |
| Employee Benefits Package | You choose the level of cover and benefits that matter |
Bringing Back Benefits – The Tax-Efficient Way
When you move from employment into contracting, you lose valuable workplace benefits. The good news is that you can bring these benefits back – often in ways that are more flexible and tax-efficient than before.
Pension Contributions via Your Limited Company – Contributions are usually treated as a business expense, reducing your corporation tax bill while growing your retirement pot.
Relevant Life Cover – Premiums are normally treated as a tax-deductible business expense, with no NI or benefit-in-kind charges.
Income Protection & Critical Illness Cover – Structured for maximum efficiency, balancing cover, cost, and tax savings.
Flexible Benefits on Your Terms – Tailored to your needs, designed to make the most of allowances, and adjustable as your career evolves.
Why Contractors Choose Us
- We know the contractor world – our advice is tailored to limited company directors and umbrella workers.
- We rebuild lost benefits – smarter, more flexible, and often more tax-efficient.
- Independent Advice – whole-of-market solutions, not tied to one provider.
- Peace of mind – clarity, confidence, and control over your financial future
Book In With One Of Our Advisors
Whether you’re just starting your contracting journey or you’re a seasoned professional. We’ll help you replace the benefits you’ve lost, protect your family, and plan for long term security.
