Thinking about dipping a toe back into contracting.
I can’t quite remember what I did last time. Either I didn’t take dividends or if it did it was only up to some tax threshold but ultimately there was a chunk of cash left. I closed the company via MVL and the overall cost of everything inc taxes was pretty favourable.
The thing is contract rates don’t seem to have kept pace with my perm income so even with an outside IR35 contract I am not sure it’s worth it. All the online calculators I’ve found don’t seem to accommodate folks who want to minimise tax by going that route. Does anyone know of one please?
I can’t quite remember what I did last time. Either I didn’t take dividends or if it did it was only up to some tax threshold but ultimately there was a chunk of cash left. I closed the company via MVL and the overall cost of everything inc taxes was pretty favourable.
The thing is contract rates don’t seem to have kept pace with my perm income so even with an outside IR35 contract I am not sure it’s worth it. All the online calculators I’ve found don’t seem to accommodate folks who want to minimise tax by going that route. Does anyone know of one please?
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