Hi all,
I'm new to the site but not to contracting (just about to hit 10 years) and due to various things which have been rearranging themselves in my life, it looks like contracting is going to be what I'm doing for the next 20 years. I've decided based on this that I need to do some restructuring, so I've been doing some research on the internet in general and on here in particular.
I'm sole director/owner of my Ltd.
My PI/PL insurance is coming up for renewal and as this is likely to be my main ongoing source of income, I decided to look at IR35 insurance too. I think after spending a couple of hours reading various threads that I'm going to sign up with IPSE+, and get my PI/PL from QDOS plus TLC35. Does this sound logical? (I did look into Knightsbridge through IPSE but their quote was very expensive comparatively.
I'm also going to be starting a pension. I'm 45 and I have nothing in place - mainly because I've never trusted the returns from pension schemes, and disliked the lack of flexibility, so instead put all of my savings into deposits on buy to let property - six months before the crash, and because I was up in Scotland at the time, the areas I invested in still haven't recovered. Live and learn. I've also learnt the lesson that being a landlord is definitely not for me, so while I try to extricate myself from that particular mess, I need to go back to the old fashioned route. I am presuming that contributions from company will be the sensible way to go, so I wondered, who is everyone using? Are IPSE members going the IPSE futures route?
Any input gratefully received
I'm new to the site but not to contracting (just about to hit 10 years) and due to various things which have been rearranging themselves in my life, it looks like contracting is going to be what I'm doing for the next 20 years. I've decided based on this that I need to do some restructuring, so I've been doing some research on the internet in general and on here in particular.
I'm sole director/owner of my Ltd.
My PI/PL insurance is coming up for renewal and as this is likely to be my main ongoing source of income, I decided to look at IR35 insurance too. I think after spending a couple of hours reading various threads that I'm going to sign up with IPSE+, and get my PI/PL from QDOS plus TLC35. Does this sound logical? (I did look into Knightsbridge through IPSE but their quote was very expensive comparatively.
I'm also going to be starting a pension. I'm 45 and I have nothing in place - mainly because I've never trusted the returns from pension schemes, and disliked the lack of flexibility, so instead put all of my savings into deposits on buy to let property - six months before the crash, and because I was up in Scotland at the time, the areas I invested in still haven't recovered. Live and learn. I've also learnt the lesson that being a landlord is definitely not for me, so while I try to extricate myself from that particular mess, I need to go back to the old fashioned route. I am presuming that contributions from company will be the sensible way to go, so I wondered, who is everyone using? Are IPSE members going the IPSE futures route?
Any input gratefully received
Comment