u/HoneyBreeze15

Hello!

I'm a relatively new-ish consultant. Wanted to get some opinions from others doing insourcing / extra consultant work.

Currently my insourcing income is currently around £5–6k/month and I’m not doing any teleradiology at present. I had a chat with an accountant who advised that it may not really be worth opening a Ltd company once corporation tax, admin/accountancy fees etc are taken into account.

He suggested maximising pension contributions instead (SIPP / NHS Pension).

Just wondering what others in a similar position are doing, and at roughly what level of additional income a Ltd company started becoming worthwhile for you?

Thank you!