Self Employed or Firm Work?

Plumbers! It’s time to address the most important question, do you join a plumbing firm or do you go self-employed? Well, the answer may be clearer than you think, but it totally depends on you as a person.

Are you an apprentice, or perhaps just fresh out of your education and looking to start your plumbing career? Then it’s probably best to join a firm or under a sole trader that will train you or be looking to expand a team. The reason for this is mostly down to experience and having finances set-up to run a business.

Younger people tend to be paid slightly less in the UK on average and may have to take out a loan to set up a business. Luckily though there’s nothing stopping you from setting up your own business once you have gained enough experience and saved up enough on the side to begin a business.

If you’ve decided to switch careers to become a plumber and already have your qualifications and have some experience of business before then you could think about realistically setting yourself up.

What about the pro’s and con’s of being a self-employed plumber?

PRO’s:

  • You can end up paying less tax
  • You get to choose the work you want to take on
  • You are your own boss
  • Job Security is 100% guaranteed (you won’t fire yourself)
  • Expenses like fuel can be classed as “business expenses” and claimed back

CON’s:

  • You are responsible for your accounts
  • Working hours could be more irregular than the standard 9-5
  • Various insurances (that would’ve been your employer’s responsibility) have to be taken out by yourself
  • You MIGHT be called out for emergencies on Sundays
  • If you don’t work then you don’t make money
  • No guaranteed income!

So what do you think? Is self employed work for you? Let us know over on our social channels!