Moving on to a contract from permenant

[BlueElise]

Another view

I think you would be IR35 caught (the original name for the legislation was 'Friday to Monday' after all - however even if you are caught you basically just pay tax and NI on your income (minus the 5% running fee). The point is you would still HAVE an income.

So I guess if the choice is between not having a job and having a job then take the contract position.

[BrilloPad]

And I thought the PCG had killed off IR35.....

[BlasterBates]

Good advice....assume IR35 in your calculations for the Friday-Monday perm-contract, at the very least take some legal advice, and weigh up potential income in comparison to redundancy. The second contract shouldn´t be a problem as you´ll probably br able to get insurance.

In the current market quite a tricky one as conracts, even perm jobs are hard to come by.

Good luck.

[malvolio]

And I thought the PCG had killed off IR35.....

Do you pay it?

[splatt]

Hi all, thanks very much for all your feedback. I'll have a serious think about this.

Just to clarify, yes they would be looking to change the terms of my contract rather than make me redundant, and are offering me a very good retainer. The new contract would be no more than one day a week on an ad-hoc basis. So it would be very different to my current role (will this affect the IR35 status?).

They have made other people in the company redundant with no offer on contract roles, although I am the only person in IT.

I definitetly see how they would be using this as a way of not making me redunant, but I would look to have a notice period in place on the contract (which is still under negotiaition) to avoid getting booted out straight away.

[TykeMerc]

I definitetly see how they would be using this as a way of not making me redunant, but I would look to have a notice period in place on the contract (which is still under negotiaition) to avoid getting booted out straight away.

BEWARE, contract notice periods can be worth less than the paper they're written on.
To me this smacks of a company in trouble that would love you to chuck away your employment and redundancy rights. I'm sorry if it sounds harsh, but if they're really in the financial cacky then it's a great way to keep you available, unload the cost of redundancy and move you to the suppliers who wait for their cash list. If they do go mammaries up then as a contractor you will be right at the bottom of the creditors list so they will have more cash to pay their critical creditors.

Reading your posts and with only that info it feels to me like they're out to roger you while keeping you available to look after their IT for a while.

[malvolio]

BEWARE, contract notice periods can be worth less than the paper they're written on.
To me this smacks of a company in trouble that would love you to chuck away your employment and redundancy rights. I'm sorry if it sounds harsh, but if they're really in the financial cacky then it's a great way to keep you available, unload the cost of redundancy and move you to the suppliers who wait for their cash list. If they do go mammaries up then as a contractor you will be right at the bottom of the creditors list so they will have more cash to pay their critical creditors.

Reading your posts and with only that info it feels to me like they're out to roger you while keeping you available to look after their IT for a while.

Yup, good summary of my own thoughts. Right now you have the uppper hand: use it wisely.

[splatt]

Thanks for your frank and honest opinions everyone, it is much appreciated.