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Anyone running two contracts simultaneously,one inside,one outside?
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In a likely unsuccessful effort to bring this back to topic.....
Thanks to those who provided constructive views
I suspected diary management and setting clear client expectations would be needed and this affirms that. Good point on ensuring the contract(s) don't prohibit this (mine doesn't).
It will be interesting to see how clients respond. I think a lot of contractors likely tend to have one client at a time and no matter how much we set expectations, there is often always that PM, or self named "manager" who expects you to be at set meetings and present in their time etc!!Comment
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Originally posted by SimonMac View PostOf course its possible, what I did I was stopped paying myself through MyCo, but didn't come off the payroll and so give a P45 to the brolly, you are over paying tax on the Inside role being on a BR tax code but it will all get sorted out at the end of the year SA especially if like me you had already taken dividends off before going inside which would push me into the higher bracket.
I'm not overly worried for this FY (given we are close to the end) but this is the exact thing I have asked my accountant to lay out.
I'm assuming that I'd be best off:
- No salary from Co
- Push majority of inside role salary into pension (salary sacrifice up to £40kpa)
- Draw divvies from Co to take my 'personal income' to the BR tax thresholdComment
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Originally posted by youngguy View PostIn a likely unsuccessful effort to bring this back to topic.....
Thanks to those who provided constructive views
I suspected diary management and setting clear client expectations would be needed and this affirms that. Good point on ensuring the contract(s) don't prohibit this (mine doesn't).
It will be interesting to see how clients respond. I think a lot of contractors likely tend to have one client at a time and no matter how much we set expectations, there is often always that PM, or self named "manager" who expects you to be at set meetings and present in their time etc!!
Good luck either way. I have 3 clients right now, all of them know about the others. I have had a very profitable plague.See You Next TuesdayComment
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Originally posted by youngguy View PostIn a likely unsuccessful effort to bring this back to topic.....
Thanks to those who provided constructive views
I suspected diary management and setting clear client expectations would be needed and this affirms that. Good point on ensuring the contract(s) don't prohibit this (mine doesn't).
It will be interesting to see how clients respond. I think a lot of contractors likely tend to have one client at a time and no matter how much we set expectations, there is often always that PM, or self named "manager" who expects you to be at set meetings and present in their time etc!!
If you've truely managed to get a gig that is based on deliver not time then it's more possible, but that's pretty rare.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by youngguy View PostFood for thought here thanks.
I'm not overly worried for this FY (given we are close to the end) but this is the exact thing I have asked my accountant to lay out.
I'm assuming that I'd be best off:
- No salary from Co
- Push majority of inside role salary into pension (salary sacrifice up to £40kpa)
- Draw divvies from Co to take my 'personal income' to the BR tax threshold'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Lance View PostJust to be clear. You say your future employer won’t prevent you from working for someone else. Have you seen an actual employment contract yet? Until you do it is at best, hearsay, at worst a terrible assumption.
Good luck either way. I have 3 clients right now, all of them know about the others. I have had a very profitable plague.Last edited by youngguy; 30 January 2021, 19:18.Comment
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Originally posted by northernladuk View PostCorrect but it's more about the way we are engaged. Generally our contracts stipulate times or a figure of hours a day. We generally aren't contracted against a Statement of work that can be delivered how we see fit. If you are contracted 9 to 5 8 hours a day then that alone stops you having a second client as you'd be doing it on the first clients time which they won't like. Same goes for an employer.
If you've truely managed to get a gig that is based on deliver not time then it's more possible, but that's pretty rare.
Neither contract stipulates working hours, but they do stipulate what would constitute a working day/half day. It is possible to do a day's work in hr chunks.
Both state flexibility, but as another poster mentioned, client expectations are often the 8 hr model you've mentioned, with the plethora of meetings and expected attendance to boot.
I think I will give it a crack until April and see how it works for all parties involved.Last edited by youngguy; 30 January 2021, 19:18.Comment
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Originally posted by youngguy View PostI've seen the contract and it says it is permissable as long as there is no conflict of interest, which is actually pretty much the same as what my 'main contract' says. I can see how that could be an issue if you were working for two competitors in the same market but that won't apply for me
What umbrella is that? Might be useful information to know which ones will employ without too much restriction.See You Next TuesdayComment
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Originally posted by Lance View PostCool.
What umbrella is that? Might be useful information to know which ones will employ without too much restriction.Comment
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