Self-employed? Give yourself the perks you deserve

Pension, holiday, flexible working and more.

There are some fantastic benefits to being self-employed but when you’re caught up in running your business, it can be hard to remember to take advantage of them.

With some pre-planning and creativity, you can add some perks – including tax relief on pension contributions, holiday allowance, and training and development (yes, really!).

Read on to find out more.


Paying into a pension may feel like a distant memory of previous employment however, it’s definitely something that you can do again self-employed.

If you pay National Insurance contributions you will be eligible for a state pension, but if you set up your own you’ll be entitled to 25% tax relief on your contributions.

Your three options are:

  1. Self-Invested Personal Pension
  2. Ordinary Personal Pension
  3. Stakeholder Pension

Holiday Allowance

When was the last time you took a break from your business or felt you were ‘allowed’ to take a holiday?

Surprisingly, when you’re self-employed, rather than feeling they have more freedom, business owners can feel like they CAN’T take time off.

How can you do it without affecting your cash flow?

  1. Give yourself 28 days holiday per year and commit to taking it
  2. Plan your holiday at the start of the year and block out your holiday days
  3. Try and put money into savings to cover your holidays and relieve the guilt

Flexible Working

Remember – you’re the boss and when you work for yourself, you get to choose your hours and pattern of work.

So, want to start early and finish early? Do it! Need to pick the kids up from school every day? Schedule it in!

And don’t feel guilty about it.

Need to free up some time in your schedule? Why not outsource your bookkeeping? We can help.

Training and development

When was the last time you invested in your professional development?

It doesn’t have to be expensive. In fact, there are many options where you can improve your skills, or learn new ones, that won’t break the bank. Take a look at SkillshareUdemy and the Open University’s free OpenLearn portal.

A well organised business is productive and creative. Need a little extra help getting things in order? Contact us.

Need more support?

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