Need bit of a advice here and can use some wise words. (Apologies in advance for a lengthy message)
I have been working a senior consultant for a leading UK based IT consultancy where I have been picking up a lot of internal team leadership, business development activities etc. My key project was at a client where i am leading a small team within a transformation program.
Now, I am looking to move into contracting world, did my resignation as well and serving my notice period. My permanent employer did offer me contract for same project and deliver for few months before i skip off. I declined politely primarily because of IR35 and secondary due to the financial challenges aka, i am sure they will try to replace me as soon as they can because of hit on their margins. I would rather prefer to contract with end client directly than consultancies.
However, there is a possibility coming up that my end client has shown interest in keeping me as a contractor. There is a discussion coming ahead between my perm employer and client on same subject but before I jump in that one, I need to understand few things
-I can switch from my permanent employee to end client considering following
-- Project role may (or may not) be same. high probability that it will be same to begin with before I can move to a different project on same client.
-- I wont have any affiliation with my permanent employee. not taking any of activities like team leadership / business development / trainings etc with the employer.
-- Of course no paid holidays, no training and development for myself with either ex-employeer or end client
-- Due to nature of project and geographic locations (its a worldwide project), working hours / location has been pretty flexible for everyone and will stay the same flexible for me if I keep working with them.
So questions I need help on is
- Should I take the role with end client immediately or not ? Will it bring me in within IR35 ?
- Should I take another contract with a different client lets say for 3-6 months and than come back ?
- If I decide to work for end client, will having IR35 insurance help ?
- Anything else i need to be mindful off ?
Any word of advice would be appreciated.