My situation is that I have recently retired. My pension certainly allows me a decent lifestyle.
However I missed the buzz from work. I was approached to provide consultancy on a part time basis.
This provides me with an additional income of around £15k/annual.
Obviously I always pay my taxes, but I started to ponder if there was a way to reduce my tax from the £15k.
Someone suggested I should register as a company but, as mentioned, I have a complete lack of knowledge. Is there a saving to be had? Would it be worthwhile or just hassle to save a few pennies?
Any advice would be much appreciated.
Moderator Message:
Originally posted on "Retirement Investing" -- obviously the wrong place, but equally, there's no obvious right place, either. So here it is. Be gentle: new poster! --MDW1954
Originally posted on "Retirement Investing" -- obviously the wrong place, but equally, there's no obvious right place, either. So here it is. Be gentle: new poster! --MDW1954