Contracting in Banking and Financial Services 

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Typical rates of pay in the Finance and Banking Sectors
Guide to Contracting in the the Financial Services and Banking Sectors
Finding work in the Financial Services and Banking Sectors as a Contractor

You could be working at UBS, HSBC, Deutsche Bank, RBS, BNP Paribas, AXA, Barclays, Aviva, Clifford Chance or one of a hundred different banks, insurers, law firms or financial organisations. But one thing is for sure, there have been lots of changes in the industry recently and the terms 'permanent job' or 'job for life' are fast becoming a thing of the past!

It's no wonder that the fastest growing sector at the moment is the contractor market. Many if not all financial companies have laid-off hundreds or even thousands of workers and are now finding there just aren't enough people around to get the existing projects completed, never mind to start new ones. Which means that the opportunity for contractors and freelancers in the Banking and Financial Services sector is now more appealing than ever before.

The fact that contractors, consultants and freelancers can command much higher daily rates of pay is also an influencing factor - but this is only to be expected, bearing in mind the lack of holiday and sick pay, and the other additional benefits which are lost when moving from employment to contract work.

More and more people are choosing to operate through their own limited companies, partly due to changes in corporate working practices but also because of the freedom, control and enjoyment that comes from being your own boss. So if you are thinking about going contracting, or if you are already a contractor and using an umbrella company, why not give us a call? We'll explain everything you need to know about working through your own limited company - which by the way, as any accountant will tell you, is the most tax efficient way possible!

For further advice please call our New Client Services helpdesk on 0500 152 500 or email jaime.thorpe@sjdaccountancy.com.

One key question which we're sure is on your mind is 'How much will I take home after tax as a contractor?'. If it is, please try our instant online take home pay calculator.

If you do choose to set up a limited company, which is exactly what our other 10,000 contractor and freelancer clients have done, you may like to chose SJD to help form your company. Last year alone, more than 3,000 contractors formed their limited company on our website.

If you wish to appoint us as your accountants immediately, the quickest and easiest way to do so is by accessing our Client Agreement Form   

If you are undecided about whether to go limited or use an umbrella company  please click here: Take home pay through a limited or umbrella company – The differences. 

SJD Accountancy is the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers. We've been acting for clients across the UK since 1992 and have more than 10,000 already.

We are the only national specialist firm of accountants with offices in all major UK cities, so you’ll never be far from your accountant. SJD also has more qualified staff than any other firm in our market, with qualifications from the following major tax and accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA. You’ll also be pleased to know that we are one of the lowest priced as well. All of our clients receive:

• Free face-to-face meetings. This is another unique service, only SJD offers free face to face meetings - tax is complicated and sometimes only a meeting will do.
• Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
• Money back service guarantee. All your telephone calls and emails will be answered the same day or we will refund your monthly fee.
• Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.

We offer an all inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns. 

All this for a fixed monthly fee of £95 plus VAT, which is one of the lowest prices in the market.

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!

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