Hello all,
I may soon be embarking on my first contract and was wondering which option to choose.
I've searched past posts and the general recommendation appears to be go for a limited company unless you intend to contract for a short while. Assuming that my contract is caught by IR35 would it be better for me (i.e. more tax efficient) to create a limited company and pay me and my wife a salary or should I just go with an umbrella even though I could possibly be contracting for a while.
Cheers,
T.
I may soon be embarking on my first contract and was wondering which option to choose.
I've searched past posts and the general recommendation appears to be go for a limited company unless you intend to contract for a short while. Assuming that my contract is caught by IR35 would it be better for me (i.e. more tax efficient) to create a limited company and pay me and my wife a salary or should I just go with an umbrella even though I could possibly be contracting for a while.
Cheers,
T.
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