If you’re looking for a flexible and rewarding career path, contracting might be the right choice for you.

Contracting allows professionals to work on a project-by-project basis, offering greater control over their work-life balance, career trajectory, and earning potential.

There is a wide range of reasons why contracting may suit your life plans, but here are some advantages for you to consider:

Greater Flexibility

One of the primary benefits of contracting is the flexibility it offers. As a contractor, you can choose when and where you work.

You can decide which projects to take on, and you have more control over your schedule, including enjoying extended breaks between contracts.

Additionally, many contractors have the freedom to work from home, which can save time and money on commuting.

Control Your Career Trajectory

Becoming a contractor gives you the ability to take on a variety of projects, which can help you gain new skills, gain new contacts and expand your experience in your field.

You also have the ability to choose the type of work you want to do, allowing you to focus on projects that align with your professional interests and goals – as well as earning ambitions.

This can help you build a more diverse and well-rounded portfolio of work, which can be beneficial when seeking future opportunities – whether in or outside of contracting.

Greater Earning Potential

Contractors typically charge higher rates than employees, which means they have the potential to earn more money.

Contractors working outside of IR35 have a high degree of responsibility for their own taxes, insurance, and other expenses that are typically covered by an employer.

Additionally, as a contractor, you can negotiate your rates more easily, which means you can earn more money for your work.

The flexibility offered by being a contractor can help you achieve higher earnings quickly.

Enhanced Work-Life Balance

Contracting allows professionals to have greater control over their work-life balance. As a contractor, you can choose the projects you take on and the hours you work, which means you can create a schedule that works for you.

Additionally, you have the ability to take time off between projects, which can be particularly beneficial for those who want to take extended breaks for personal or family reasons.

Contracting offers a range of benefits that can be particularly attractive for professionals seeking greater flexibility, control, and earning potential.

While contracting may not be the right choice for everyone, it can be an excellent option for those who are willing to take on the responsibilities and challenges of working independently.

If you’re interested in exploring contracting as a career path, it’s important to do your research and speak with other professionals who have experience in the field.

Please contact us for help and advice on going into contracting and setting up a limited company.