UK: WHEN IT PAYS WELL TO BECOME A 'CONSULTANT'.

UK: WHEN IT PAYS WELL TO BECOME A 'CONSULTANT'. - It is not illegal to set up a private company to receive fees. Tax savings and flexible pensions are the undoubted benefits but it's an option only high-earners should consider.

by Loran Bourke.

It is not illegal to set up a private company to receive fees. Tax savings and flexible pensions are the undoubted benefits but it's an option only high-earners should consider.

Aside from holding some of the top jobs in the British media, John Birt, director-general of the BBC, Martin Sorrell, chief executive of WPP and Michael Green, chairman of Carlton Communications, have something else in common. Each of them has, at some time, been paid as a consultant and run his earnings through his own private company.

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