Start contracting now or later?

[Lance]

Knowing what you know now, you would switch from a perm job to contracting today?

I would.

[MrButton]

Knowing what you know now, you would switch from a perm job to contracting today?

I wouldn’t not switch because of IR35 reform in the private sector.

IMO there are many more important factors to consider with regard to switching. Mostly related to personal circumstances and desires.

[heyya99]

I wouldn’t not switch because of IR35 reform in the private sector.

IMO there are many more important factors to consider with regard to switching. Mostly related to personal circumstances and desires.

That's fair enough. Personally, I think there are too many unknowns with 2020 pending; what will rates look like, will it affect the market, etc.

[northernladuk]

That's fair enough. Personally, I think there are too many unknowns with 2020 pending; what will rates look like, will it affect the market, etc.

He who dares Rodders.

[Snarf]

“We”? Who?

Certainly I’m not and all of the comfortably outside IR35 contractors I know are not planning an exit.

I guess bum on seat contractors just doing a job description are planning an exit as they can no longer falsely declare themselves inside? Good luck with that.

Exactly.. even inside IR35 my take-home would be higher than the average salary I'd get in my area.

No plans to pack up for the foreseeable, though as other have said money isn't the only reason to start contracting...

[Lance]

That's fair enough. Personally, I think there are too many unknowns with 2020 pending; what will rates look like, will it affect the market, etc.

April 2019 is likely to have greater risks and more unknowns that a legislative change not yet made.

[northernladuk]

April 2019 is likely to have greater risks and more unknowns that a legislative change not yet made.

As has been the case nearly every year in the last 5 or 6 at least really.

[Lance]

As has been the case nearly every year in the last 5 or 6 at least really.

I didn't mean the new tax year. I was referring to Brexit (am I gonna get banned now?). A drop of 15% in sterling and the loss of investment, and the follow on job losses may make contracting more challenging. It's why I signed up for a 6 monther recently.

[northernladuk]

It's why I signed up for a 6 monther recently.

But you know what that's worth though don't you.

[Lance]

But you know what that's worth though don't you.

I've NEVER been removed from contract early.
I reckon it's worth 6 months, plus a possibility of future business.