Newbie - first post

[Hex]

A simple "Could you explain clearer would have sufficed"

I have been asked to quote for providing to a customer for the provision of a project manager for an IT system implementation over the next two years. I have quoted at £55k plus expenses for the provision of the person (me).

Also, I have been offered (I guess now) two options by a seperate company to work for them:

Employed at £50k basic plus the profit share etc or,

Work for them on a daily rate through my ltd co at £350 per day plus expenses and profit share.

Is that any clearer?

There are some calculators here www.ir35calc.co.uk which allow you to compare permie salary to contractor rate. I typed 50000 into the salary box and it said that inside IR35 you would need a rate of £292 to give the same income. So that would mean that you are better off taking the £350 per day option. You would be better off than on 50K even if you declared yourself inside IR35. But be aware that you will lose any employee perks such as sick pay and pension. Does the 50K offer also have pension, health insurance etc.
These would help to make it a better offer.

Personally I would probably take the £350 a day and gamble that I wasn't going to get sick. I'm not sure how or if the profit share would have an influence on your IR35 status. It would be best to ensure that whatever contract you sign has been checked for its IR35 consequences.

[Darren_Test]

Moved to Light Relief section...........