Ways of working

[malvolio]

Very true - because I was thinking about the MSC mess I had slipped into 'old' IR35 rules (which the OP wouldn't have passed even then).

Minor detail, but an officer of one company acting as an officer (aka occupying a substantive post, of which director is one) for another for pay has to be paid net of tax. Not IR35 but Companies Act rules. Net result is the same, of course.

[ekim]

If you chuck it all into your pension, then inside IR35 not an issue?

Pension contributions already maxed out at current employer at £40K, that needs to be at least £25K to get full matching and reduces tax/NI here

[d000hg]

Were you saying you would do both things as a contractor? I initially read it that you'd remain permie on reduced hours at the current place while also contracting at a second company you don't currently work at but the answers suggest I misunderstood?

[ekim]

Yes, remain permanent at current company and looking for a model to do consulting on the side

[ekim]

I appreciate you folks jumping on here to answer my questions

[edison]

Can't you just work inside IR35 at the second place? If you're working for a FTSE100 CTO, I'd hope you be on at or near £1000/day?

[d000hg]

Yes, remain permanent at current company and looking for a model to do consulting on the side

I'm a bit unclear why everyone thinks you'd so obviously be inside IR35. Doing odd bits of consultancy on the side doesn't seem like an obvious catch. I may have missed a detail?

[ekim]

Can't you just work inside IR35 at the second place? If you're working for a FTSE100 CTO, I'd hope you be on at or near £1000/day?

Hopefully above. But I can hold an external directorship alongside my perm position, I don’t think I am allowed a second PAYE role