Contracting - go for higher rate or repeated business?

[diseasex]

ha ha, didn't see this until I posted my own thread 'Life after London'.

Hehe, yes
Lets swap places

[MrMarkyMark]

I wouldn't get entrepreneurs relief anyway, as I'm investing heavily in funds, and soon in properties too.

Bit confused by this statement
You are using your LTD company as a vehicle for this, then, or....?

[oliverson]

I'd agree with that. £700 a day is high for the Microsoft stack. Even for specialities such as WPF/MVVM/Prism etc 600-650 would be considered good. I'd be very happy with £700 if I could get it in the current market.

The market has died for WPF in London, believe me I'm in it. I have a colleague with several years WPF, MVVM, Rx, etc. with a fantastic CV, better than mine even. Today is his first day on the bench in 8 years. You may see the odd role around but not many and the competition is immense. You're competing with the technical authors who write the books that you learn from. At £ 700 you're going to need to have been around the block and know the business side of it as well. Expect several stages of interview including pair-programming tests and grilling by the business.

[diseasex]

Bit confused by this statement
You are using your LTD company as a vehicle for this, then, or....?

Yes, especially with 7.5% dividend tax. I did the maths and best financial option would be to pay myself low salary just to pay for life and commute, and keep the rest in the company.
So the plan A is to get 7 digits in about a decade by investing in dividend yielding funds, buying high-yielding HMO properties, and maybe buying-refurbishing-reselling properties, using indexation to my advantage

[MrMarkyMark]

Yes, especially with 7.5% dividend tax. I did the math and best financial option would be to pay myself low salary just to pay for life and commute, and keep the rest in the company.
So the plan A is to get 7 digits in about a decade by investing in dividend yielding funds, buying high-yielding HMO properties, and maybe buying-refurbishing-reselling properties.

Yes, but I don't see why you might not, ever, want to still take the taper relief option.

If they change this and it is no longer option then expect to pay a lot to take the money out?
Secondly, you need to be careful that your company does not become something else, i.e. an investment company.

A lot can change in a decade, I can assure you .

[stek]

Yes, especially with 7.5% dividend tax. I did the math and best financial option would be to pay myself low salary just to pay for life and commute, and keep the rest in the company.
So the plan A is to get 7 digits in about a decade by investing in dividend yielding funds, buying high-yielding HMO properties, and maybe buying-refurbishing-reselling properties.

Maths

[stek]

Yes, especially with 7.5% dividend tax. I did the math and best financial option would be to pay myself low salary just to pay for life and commute, and keep the rest in the company.
So the plan A is to get 7 digits in about a decade by investing in dividend yielding funds, buying high-yielding HMO properties, and maybe buying-refurbishing-reselling properties, using indexation to my advantage

That sounds easy. I'm gonna do that as well.

[diseasex]

Yes, but I don't see why you might not, ever, want to still take the taper relief option.

If they change this and it is no longer option then expect to pay a lot to take the money out?
Secondly, you need to be careful that your company does not become something else, i.e. an investment company.

A lot can change in a decade, I can assure you .

Hey, things can change even tomorrow. Hope for the best, plan for the worst!

[MrMarkyMark]

That sounds easy. I'm gonna do that as well.

Fill ya boots .

plan for the worst!

Its actually this particular bit you are having trouble getting .

[diseasex]

Its actually this particular bit you are having trouble getting .

Topic for another time/thread