Why Go In To Contracting?

Starting out as a new contractor can be daunting

Contractors love the flexibility of their work schedules although of course this comes with a level of uncertainty and insecurity.

Before becoming a contractor, you need to think about the following:

How will you find work or have you been offered a contract already?

Joining a recruitment agency is the easiest way to find work. Once you have started contracting, you may find multiple work assignments with the same client or find new opportunities through networking with colleagues.

Many umbrella companies provide employment services to help you find work for example advertising work assignments and even CV writing assistance.

How much money can you make?

This will depend on your level of experience within your chosen industry. However it is likely that as a contractor you will be taking home more money than if you were doing the same work as a permanent employee. Your overall pay will also be affected by any periods you are not working.

If your workplace qualifies as temporary i.e. that you will be working there for less than 2 years, you can also claim travel expenses which will boost your pay.

Will you join an umbrella company or start your own limited company?

This is a big decision to make, with advantages and disadvantages to both. Have a look at our comparison table to see which is best for you.

For people brand new to contracting, you can start by joining an umbrella company and then establish your own limited company at a later date.

Looking for an umbrella company? Use our comparison site to find your ideal umbrella company

Read More

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Why Go In To Contracting?

Starting out as a new contractor can be daunting

Contractors love the flexibility of their work schedules although of course this comes with a level of uncertainty and insecurity.

Before becoming a contractor, you need to think about the following:

How will you find work or have you been offered a contract already?

Joining a recruitment agency is the easiest way to find work. Once you have started contracting, you may find multiple work assignments with the same client or find new opportunities through networking with colleagues.

Many umbrella companies provide employment services to help you find work for example advertising work assignments and even CV writing assistance.

How much money can you make?

This will depend on your level of experience within your chosen industry. However it is likely that as a contractor you will be taking home more money than if you were doing the same work as a permanent employee. Your overall pay will also be affected by any periods you are not working.

If your workplace qualifies as temporary i.e. that you will be working there for less than 2 years, you can also claim travel expenses which will boost your pay.

Will you join an umbrella company or start your own limited company?

This is a big decision to make, with advantages and disadvantages to both. Have a look at our comparison table to see which is best for you.

For people brand new to contracting, you can start by joining an umbrella company and then establish your own limited company at a later date.

Looking for an umbrella company? Use our comparison site to find your ideal umbrella company

Read More

The quickest way to get
the best take home pay

Stop losing your hard earned cash!

Fill in your details below and start saving now!

Your information is safe: Privacy Policy