Hi,
After a recent redundancy I looked for both perm + contract work, and ended up with a 40% tax bracket paying perm job, and current clients of my ex employer wanting to work direct with me (ex employer is fully aware and OK in writing about it).
As I was looking for work I setup a Ltd company, so that's already in place but not trading or ever has been.
What do I do about earnings from freelance work while being a perm employee? (nothing in my contract forbidding me extra work by the way).
Get professional indemnity insurance, and take additional earnings as self employed?, or as Ltd company?, can I just leave all the earnings in a business bank account for a rainy day? - how to handle the extra earnings without loosing 40% of them is what I am wondering.... can anyone help based on the above?.
TIA,
Brad
After a recent redundancy I looked for both perm + contract work, and ended up with a 40% tax bracket paying perm job, and current clients of my ex employer wanting to work direct with me (ex employer is fully aware and OK in writing about it).
As I was looking for work I setup a Ltd company, so that's already in place but not trading or ever has been.
What do I do about earnings from freelance work while being a perm employee? (nothing in my contract forbidding me extra work by the way).
Get professional indemnity insurance, and take additional earnings as self employed?, or as Ltd company?, can I just leave all the earnings in a business bank account for a rainy day? - how to handle the extra earnings without loosing 40% of them is what I am wondering.... can anyone help based on the above?.
TIA,
Brad
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