How we saved a Staines IT contractor £8,500 a year through proper structure
Client R is a Staines-based IT and data contractor working through a Ltd company on contracts with corporate clients along the Heathrow and Thames Valley corridor. The company had been set up without much advice — salary set sub-optimally, no dividend planning, no pension contributions, and no documented IR35 assessment.
We reviewed everything. We assessed and documented the IR35 status of each contract (outside, given genuine substitution rights, multiple clients and control over delivery), restructured the remuneration to salary at the NIC-optimal level plus dividends, and set up an employer pension contribution of £24,000 a year to his SIPP — tax-deductible for the company and a highly efficient extraction.