Thankyou Sam- this is very clear.
When you say pass my P45 to the pension dept- do you mean HMRC pension dept-?
My consultancy work will be complicated by the fact I was employed by Cornwall Local Authority- and my school improvement consultancy-means I will be paid some from the local authority and some from each school direct.
I may also receive income from AfA a separate national sch improvement company.
Do I simply invoice them direct and they will not the local authority that is- take out any NI or tax- due to my registration as self employed?
I am 58 and therefore NI C2 will apply- presumably this is sorted with HMRC?
Lastly how much is it best to earn do you think- sorry a challenging hypothetical scenario... if I am paid at £400 a day- so avoid paying tax as much as possible- given that all my pension over the first 10K will be subject to 20% tax- ie the remaining 7.5K
Many thanks Sue