Originally posted by Paralytic
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Ad-hoc consultancy work
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Clarity is everything -
Originally posted by SteelyDan View Post
OK had a chat last week, they want me initially for c.60 days on a T&M basis. They're happy for me to operate 100% remotely, which is great, and also, if they require me further down the line but I'm engaged elsewhere, they're accepting of that possibility. Gives me scope to explore other stuff elsewhere without feeling obligated or tied to these people. They're also doing this through their own payroll system (they have other contractors operating like this, for this particular client of theirs, & inside IR35) so there's no requirement for umbrella org involvement. Just need to agree finances & I think we're sorted. Also need to find a decent calculator to convert outside to inside to gauge the required uplift. Would this need to be c.20%?Comment
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If you are doing other work - your best plan for an inside contract is to put everything beyond the minimum wage (that needs to be paid) goes into your pension fund - and for that you need an umbrella.
I really don't get how people don't grasp this very simple fact.
The last thing I would be doing in your case is agency / end client payroll.
merely at clientco for the entertainmentComment
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Originally posted by eek View PostIf you are doing other work - your best plan for an inside contract is to put everything beyond the minimum wage (that needs to be paid) goes into your pension fund - and for that you need an umbrella.
I really don't get how people don't grasp this very simple fact.
The last thing I would be doing in your case is agency / end client payroll.Clarity is everythingComment
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Originally posted by ladymuck View Post
I've seen some suggest nearer 35% but I think at the end of the day, it's up to you and what you think is fare remuneration for the work. Not a helpful answer but only you know what an acceptable fee is.Last edited by SteelyDan; 25 November 2021, 16:03.Clarity is everythingComment
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Sounds like the worst of all worlds for you really, when it should be the opposite - for ad-hoc work you would expect a high rate and possibly a retainer. It's something of the dream for many!
You seem to basically have a zero-hours contract offered... you can't take on other work in case they tell you they need you, and you don't get paid when they don't want you. That they also tell you it's inside IR35 is ridiculous, frankly.
Doesn't sound like there's too much to like about it to me?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostSounds like the worst of all worlds for you really, when it should be the opposite - for ad-hoc work you would expect a high rate and possibly a retainer. It's something of the dream for many!
You seem to basically have a zero-hours contract offered... you can't take on other work in case they tell you they need you, and you don't get paid when they don't want you. That they also tell you it's inside IR35 is ridiculous, frankly.
Doesn't sound like there's too much to like about it to me?
Re; the rate, yes it is 'inside' but I'll be ending up with £9k+/month being paid to me after all necessary stoppages, so I would class that as a reasonably high rate, & equivalent to c.£450/day & no ltd co. accountancy fuss. Initially work is 60 days (3 months), as mentioned so that gives me a reasonable income over a relatively short period of time. It'll be start/stop/start/stop but I'm kinda ok with that tbh.Clarity is everythingComment
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