perm to contracting - best option going forward

[LondonManc]

Can you elaborate on your answer?

Just do what you want, you're clearly determined to.

[burnzdog]

Just do what you want, you're clearly determined to.

I simply asking to understand a bit more, the only thing im determined to do is make the right decision. Sorry about that!

[Old Greg]

No.

It might do. Whether that's worth the effort is a different question.

[Old Greg]

I simply asking to understand a bit more, the only thing im determined to do is make the right decision. Sorry about that!

You need to provide more info, e.g.:

Will the contract be inside or outside IR35?
If in permanent employment, how much would your salary be?
Are you married or in a civil partnership and if so, does your spouse work and if so what is his/her salary?

[burnzdog]

It might do. Whether that's worth the effort is a different question.

Thank you Ol Greg, you are both scary and wise.

[jmo21]

Its not a matter of believing.

What answer do you want? London Manc clearly stated he thought it was not a good idea and gave reasons.

[LondonManc]

I simply asking to understand a bit more, the only thing im determined to do is make the right decision. Sorry about that!

I had a 3 month gig in between 2 perm jobs back in 2004 (didn't go full on contracting until 2009). Umbrella was the obvious route when I was told about it, even without worrying about expenses.

Given that you've got no expenses, then the tax breaks on mileage, etc. won't apply as an offset for the accountancy, insurance and other associated costs. If you're inside IR35, you've got all the accounting and other costs over and above the umbrella costs, with all the hassle as well.

[burnzdog]

What answer do you want? London Manc clearly stated he thought it was not a good idea and gave reasons.

Shhh... go about your day. Stop hanging around forums, its very sad.

[burnzdog]

I had a 3 month gig in between 2 perm jobs back in 2004 (didn't go full on contracting until 2009). Umbrella was the obvious route when I was told about it, even without worrying about expenses.

Given that you've got no expenses, then the tax breaks on mileage, etc. won't apply as an offset for the accountancy, insurance and other associated costs. If you're inside IR35, you've got all the accounting and other costs over and above the umbrella costs, with all the hassle as well.

Agreed and understood, thank you for your advice.