Attention: Calling all Contractors earning over £50 000 a year!

 

"How to legally, simply and effectively keep around 82% of your contract income..."

That's about £82 for every £100 you earn.

To find out more call Rick Peet on 01252 710 333

or send an email to rick@avnpicktree.com

 

 From the desk of Rick Peet in Farnham, Surrey.
 Date: 24th June 2009

 

As a contractor you work hard for your money

 

And you deserve to keep what is rightfully yours.

 

Well now you can hang on to more of your cash, stay legal (with fewer admin headaches) and concentrate on what you're good at - working as an independent and successful contractor!

 

New tax rules mean that contractors using Managed Service Companies must pay tax and National Insurance in the same way as other “employees”.

 

You may well be affected by these new measures if you work through either a Composite or Umbrella company. Ignoring the change in legislation is not a viable alternative – the tax man will eventually catch up!

 

There are many alternatives available – but most do not work or the risks are too high!  Even having your own Limited Company has its associated administration, tax and legal bother!

 

Introducing Salary Packaging

A solution that keeps your cash in your pocket!

 

Salary packaging?  What's that?

 

Aimed at minimising tax, National Insurance and administrative burdens, while maximising net returns and benefits, Salary Packaging involves distributing contract income into taxable and non-taxable elements.

 

It means being employed through a consultancy company so that contract income can be packaged more tax-efficiently, whilst ensuring that it falls outside of legislation such as IR35.

 

You don’t need to worry about IR35, or running your own company.

 

And all your administration is done for you – timesheets, invoicing, debt collection, insurances, tax affairs, etc.

 

You just have to work doing what you do best! Contracting.

 

A typical rewards package usually contains salary income (all income will be subject to Income Taxes (Earnings and Pensions) Act 2003 (ITEPA)) expenses, benefits and bonuses.

 

And your salary is packaged in a tax efficient manner that allows you to minimise your tax bills.

 

Average returns through Salary Packaging for most contractors earning over £50K per annum is around 80%.  This is after all fees, employer/professional indemnity insurances, taxes and national insurance have been deducted.

 

 This is a genuine alternative for contractors working in the UK and abroad. 

 

Key elements include:

A Legal and compliant employment solution (including up to date Tax Counsel Opinion and registration with UK Inland Revenue) to give you peace of mind that it’s all above board;

High Returns on your invoiced income (around 80%) so that you keep more of their cash;
A compliant solution that takes away that IR35 headache;
No set up charges, joining or leaving fees and no minimum service period so you can come and go as they please;
Minimal administration so there’s less hassle and paperwork;
A dedicated client services team who are fast and efficient, which means you can speak to a person about admin, payments, or taxation queries;
The security of knowing that there is Professional Indemnity Insurance cover of £1M, Employers Liability Insurance £10M & Public Liability Insurance £1M.

 

Additional and optional services* are also available include:

Full private medical insurance at competitive prices so you get the treatment you need, when you need it most;

Personal Tax Returns to ensure you pay only what you owe;
Tax strategies for high-net worth individuals and successful businesses that help you keep more of what you earn.
Wealth Creation Strategies and financial planning, including Protection, Pensions, Mortgages and Investments advice to make your money work harder for you.;

Contractor Mortgages Made Easy offers a straightforward contractor mortgage advisory service that enable you to find the right mortgage quickly and simply.

* - some of these services may incur additional fees.

 

You can now access tax efficient services designed to help UK contractors maximise their “take home” pay without the administration headaches and risks associated with some of the other competing alternatives.

 

For a contractor earning £100,000 pa gross, that could mean a difference of up to £25,000 a year.

 

This innovative tax efficient solution is not necessarily available in the open market.

Even a large contractor agency with a team of financial advisers, accountants and lawyers would struggle to come up with something half as clever.

And you would have to look really hard to find anything else around as rigorous and robust.

I'm not kidding.  If I've convinced you already and you want to find out more then...

...call Rick Peet on 01252 710 333

or send an email to rick@avnpicktree.com

 

So, if you are concerned about any of the following:

 

  • Not keeping enough of what you earn
  • Paying inheritance tax on your estate
  • The risks of IR35
  • The potential problems of umbrella and composite companies
  • The quality of service you currently receive
  • Running your own service company

... then we can provide you with a perfect solution to take home more money and remove the risk.

  

Who Qualifies?

This service is not suitable for everyone and many contractors may not qualify. The most successful applicants are those who are:

  1. A contractor in one of the following situations:

    • Self employed;

    • Trading through their own company;

    • Working through an umbrella or composite company;

    • Working via an agency.

    2.

  2. Earning at least £50,000 per year;

  3. Working with a maximum of three customers.

I can't offer you a cast-iron guarantee.  But with tax, who can?  What I can say is that the strategy is...:

  • Fully researched;

  • Quality controlled;

  • Approved by leading tax counsel;

  • Registered with the Inland Revenue.

There are limits on Salary Packaging to make it cost effective.

Early action is therefore essential, otherwise you may not be able to participate.  As we have to follow a process, we clearly cannot guarantee that all clients wishing to sign up will be able to do so.

What are the risks?  Is it too good to be true? 

Don't make that decision until you have spoken to me to find out more.

Remember, they say it’s not what you earn but how much you keep that counts.

So go on, call me on 01252 710 333

or send an email to rick@avnpicktree.com

If the phones are busy please keep trying.

 

Yours,

Rick Peet.

P.S. - Introduce a Friend and Earn Some Dosh!

Introduce a fellow contractor or someone you know who is a contractor and you could win some fantastic cash awards to spend on yourself!

This is a great way to boost your income for almost no effort on your part.

Simple send us an email or call us with details of someone you know who'd be interested in Salary Packaging and we’ll do the rest!

This could mean you earning significant £££'s for every successful referral who uses our services for at least six months.

P.P.S. - We're also interested in talking to Contractor Agencies. Please contact us to find out how we can work together so that you and your clients are able to benefit from hassle-free Salary Packaging.

About AVN Picktree

AVN Picktree is a founder member of the AVN and PROBIZ associations. We do all the usual stuff you might expect from a leading firm of Chartered Accountants, Tax Experts and Business Advisers – but we do MUCH, MUCH MORE!

From accounting essential services through to value added services (Tax Strategies, Business HR Systems, Franchise, PALS in Business, Probiz Edge, Goal Getter) our clients benefit from advice and support aimed at growing and developing small businesses.

And that’s good because it enables our clients to be more successful, more profitable and to have more fun running their business, cradle-to-grave.

 

AVN Picktree constantly works harder to make your "AVN Picktree Experience" unique and memorable by helping you:

  • Build it - effective business growth support and leadership development that enables you to get more, with less and quicker;

  • Keep it - innovative and creative tax strategies so you hang on to more of your hard earned;

  • Invest it - wealth creation opportunities and financial management services that secure the future of you and your family; and,

  • Well being services that help you manage your stress and improve your physical and mental health.

AVN Picktree are a UK based firm of Chartered Accountants and Business Advisers offering accountancy and business services to owner managed and family owned businesses in Hampshire and Surrey, including Aldershot, Alton, Blackwater Valley, Borden, Camberley, Farnham, Farnborough, Fleet, Frimley, Guildford, Haslemere, Liphook, Petersfield and Sandhurst.

To find out more about how we help our clients visit  www.avnpicktree.com

AVN Picktree Business Strategies Limited

Registered Office: Picktree House, Monks Walk, Farnham, Surrey GU9 8HT.

Tel: +44 (0) 1252 710 333 Fax: +44 (0) 1252 717 477 email: rick@avnpicktree.com

Registered in England & Wales No. 5501728.

 

 

The information in this site is of a general nature and is not a substitute for professional advice. You are recommended to obtain specific          professional advice before you take any action.

 

Copyright June 2009 AVN Picktree Business Strategies Limited.  All rights Reserved.