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UK's stressed working women could benefit from contracting

Wednesday 4th January, 2017
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Limited Company
Work-related stress is most common among women aged between 35 and 44 who are juggling caring for elderly parents with raising young children, a new report has found.

Statistics from the Health and Safety Executive (HSE) show that women typically suffer from more job-related stress than their male counterparts, with the gender disparity most notable from their mid-30s to their 40s. Yet this could be avoided, or at least dramatically reduced, if more women opted to work for themselves as limited company contractors.

The HSE data showed that between 2015 and 2016, some 488,000 cases of work-related stress, depression or anxiety were recorded in Britain, with stress accounting for more than one-third (37 per cent) of all sick days and 45 per cent of lost working days throughout the country.

Between 2013 and 2016, a total of 1,820 cases of work-related stress were recorded for every 100,000 female workers, with 1,190 cases reported in every 100,000 working men in comparison.

Dr Judith Mohring, lead consultant psychiatrist at the Priory's Wellbeing Centre in the City of London, spoke to the Guardian to suggest that workers are given the opportunity to work from home if they are suffering from job-related stress, calling this "an important step forward".

However, women can take even more control over their stress levels and overall wellbeing if they choose to work for themselves as a limited company contractor or freelancer instead. This means they can not only work from home as often as they want, but that they can also choose their own working hours and set their own pay rates in order to achieve their ideal work-life balance.

What's more, PayStream's My PSC limited company service is available to provide administrative support to workers as they become accustomed to contracting, meaning they can rest assured that their limited company is being run in the most tax-efficient way.


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