IPSE vs QDOS

[jamesbrown]

Right. Excellent advice. So by the same logic I should consider the rebuild cost of my house, which is quite a bit more than £100k risk and insured for quite a bit less than £400. The insurance co. did ask some questions on the property and its occupancy to assess their risk of making a payout. The chances I would need it are clearly very slim or they would not give me such good odds, so I might as well not bother.

I'm not going to over-argue this, because I don't know how many clients QDOS might have, but insurance only works through the pooling of risk over a large sample (much like gambling). I suspect that your home insurer would have a very large client base. I doubt that QDOS has a very large client base, in comparison. Since the insured values are ballpark similar, companies like QDOS must perceive the risk of a payout on IR35 as very small indeed.

[dty]

I'm not going to over-argue this, because I don't know how many clients QDOS might have, but insurance only works through the pooling of risk over a large sample (much like gambling). I suspect that your home insurer would have a very large client base. I doubt that QDOS has a very large client base, in comparison. Since the insured values are ballpark similar, companies like QDOS must perceive the risk of a payout on IR35 as very small indeed.

Agreed. But I don't want to be the 1 guy out of 100,000 who gets made an example of. And for less than half a day's billing, I won't be.

[7specialgems]

The portfolio of both the QDos products and the IPSE/IPSE+ product contain features that aren't supported in the other.

I think that's understood.

For all of the debate, I think there is a list of features where the ven diagram of each portfolio overlaps.

On a commercial note, I think that is the list that a lot of people on this thread (me included) are interested in.

Jury service cover is one such item.

[mudskipper]

On a commercial note, I think that is the list that a lot of people on this thread (me included) are interested in.

I think you're right, and it's certainly why I joined the (then) PCG.

However, IPSE are lobbying on behalf of contractors, and the more members, the greater the influence - it also means you get an opportunity to have your say about what you think are the important issues, and I would encourage other members to do that, whether or not it's a motivator for joining in the first place.

[7specialgems]

IPSE are lobbying on behalf of contractors

This is also understood.

However for the purposes of this thread, as I understand it, this also sits on the outside of that ven diagram.

I think OP (and a lot of us on this thread) are interested in identifying only in the features which overlap in the middle, purely for commercial comparison purposes, and in doing so are not comparing IPSE+ to only at the TLC35 product, but the entire range of QDOS products as a portfolio.

[Qdos Contractor]

This is also understood.

However for the purposes of this thread, as I understand it, this also sits on the outside of that ven diagram.

I think OP (and a lot of us on this thread) are interested in identifying only in the features which overlap in the middle, purely for commercial comparison purposes, and in doing so are not comparing IPSE+ to only at the TLC35 product, but the entire range of QDOS products as a portfolio.

Happy to contribute from my end if it will add some clarity.

[TheFaQQer]

For all of the debate, I think there is a list of features where the ven diagram of each portfolio overlaps.

On a commercial note, I think that is the list that a lot of people on this thread (me included) are interested in.

Jury service cover is one such item.

Looking on the Qdos Freelancer page, there are three products that they offer where there is something similar to IPSE / IPSE+.

Jury duty cover £66 a year. FO35 £160, which will take your VAT / IR35 / S660A case to the special / general commissioners. TLC35 £360 which covers any losses as well in your tax fight.

IPSE will give you the FO35 equivalent (although they will take it further) for £149, plus access to what looks to me to be a cheap pension and other financial products.

IPSE+ will give you the jury duty cover, the FO35 (although they will take it as far as possible / reasonable - see Jones v Garnett), business interruption insurance, failed payments insurance, basic sickness cover, basic life assurance cover, payment for having to meet with HMRC, payment for agency breaching the contract, access to what looks to me to be a cheap pension - and that costs £239

Both offer other products as well that are supplementary to these - eg. Qdos sell insurance of various flavours, IPSE has a contract review service as well.

[Contreras]

Looking on the Qdos Freelancer page, there are three products that they offer where there is something similar to IPSE / IPSE+.

Jury duty cover £66 a year. FO35 £160, which will take your VAT / IR35 / S660A case to the special / general commissioners. TLC35 £360 which covers any losses as well in your tax fight.

Tax Investigation Insurance (£99) for broadly the same representation of all tax matters as IPSE+ would (not just IR35). No doubt there are some technical differences. It used to be called Freelancer Tax Protection, not sure if the change in name accompanied a change in terms.

[Qdos Contractor]

FO35 £160, which will take your VAT / IR35 / S660A case to the special / general commissioners.

That's all in the Tax Enquiry Insurance (£99).

[Qdos Contractor]

Tax Investigation Insurance (£99) for broadly the same representation of all tax matters as IPSE+ would (not just IR35). No doubt there are some technical differences. It used to be called Freelancer Tax Protection, not sure if the change in name accompanied a change in terms.

No - different name, same cover.