Hi I'm new to contracting! Been reading a lot the last few days and wondering if anyone can help me or advise.
Basically I have a perm job making 65k a year, I worked here a year and a half. I Salary sacrifice (ss) to keep me under 50k. I don't need anymore money than this.
I just got offered a second role somewhere else in different industry with a day rate of £200 a day inside IR35 (has to be). This is a good opportunity to fill my pension and some of previous 3 three year where all i put in was 15k each year. This second role would take me over the 50k. So i'd want to SS it all if possible.
From my reading my best two option for inside IR35 are Agency PAYE and an Umbrella company.
Which would be best for what I want to do? I think the employer want me to be Agency PAYE for ease. I understand with an Umbrella there are fees, but I can offset this by increasing my day rate by like £5 to cover these expenses.
Thank you!
Basically I have a perm job making 65k a year, I worked here a year and a half. I Salary sacrifice (ss) to keep me under 50k. I don't need anymore money than this.
I just got offered a second role somewhere else in different industry with a day rate of £200 a day inside IR35 (has to be). This is a good opportunity to fill my pension and some of previous 3 three year where all i put in was 15k each year. This second role would take me over the 50k. So i'd want to SS it all if possible.
From my reading my best two option for inside IR35 are Agency PAYE and an Umbrella company.
Which would be best for what I want to do? I think the employer want me to be Agency PAYE for ease. I understand with an Umbrella there are fees, but I can offset this by increasing my day rate by like £5 to cover these expenses.
Thank you!
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