Should I Stay or Should I go?

Should I Stay or Should I go?

“Should I stay or should I go?” – Richard Freeman and Peter Woodruff  have created a presentation to guide us through some financial decisions that are pertinent to Interim/Freelancers including:-

  • Flat rate VAT scheme – in or out
  • Stay freelance or move into employment (freelance not always the best choice)
  • Company car v Personal car
  • Salary v dividends
  • Buy-to-let – in or out
  • Selling more hours at a lower rate v fewer hours at a higher rate
  • Pensions freedoms – annuity v drawdown

They have also created, using the HMRC Toolkit, some examples below.

Stay or Go June 2017
HMRC Website Examples

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