React funding in Wales - pays for training after being made redundant

[psychocandy]

I agree with this 100%. While what PC does might be totally legal and up front, I can't help that it goes against the spirit somewhat. Paying less tax on what are (presumably) a higher rate of earnings than most of our buddies and then claiming the dole the minute you don't have a contract is no different from claiming the dole with no intention of getting a job IMO.

Not denying that PC is perfectly within his rights to claim the dole, but can't help but feel that it's against the spirit of being a contractor/LtdCo director IMO. Obviously, I'm just a naiive wet-behind-the-ears chap, so what do I know. I wouldn't do it though.

Fair enough - up to you of course. But you can't pick and choose what you feel guilty about?
Remember, like you said, a fair percentage of the population would say that what a lot of us do with regards to salary/dividends is immoral anyway.

[psychocandy]

I wonder how you'd score on the business entity tests if you run to the job centre at the end of each contract.

Irrelevant. My business is a separate entity. If it has no work then, personally, it does not employ me, I have no work and can claim JSA. Works exactly the same for the self-employed.

[psychocandy]

FTFY

Very funny I'm sure....

[evilagent]

If you are eligible to get training, and that training improves your prospects to earn in the future, then go for it.

Is the training meaningful, or just a number-massaging exercise?
Will you come away with genuine new / improved skills / quals?

If it makes you more employable, you should apply for it.

[psychocandy]

If you are eligible to get training, and that training improves your prospects to earn in the future, then go for it.

Is the training meaningful, or just a number-massaging exercise?
Will you come away with genuine new / improved skills / quals?

If it makes you more employable, you should apply for it.

Of course. Thats the plan.

[DirtyDog]

Irrelevant. My business is a separate entity. If it has no work then, personally, it does not employ me, I have no work and can claim JSA. Works exactly the same for the self-employed.

You have a business which employs no people for large parts of the year. That must make you a high risk when HMRC are asking whether the company is a genuine business or a tax avoidance measure, surely?

[fullyautomatix]

I didnt read your boring thread after the JSA bit

But wanted to check if the Mods could possibly move this to General since this clearly belongs there.

[northernladuk]

You have a business which employs no people for large parts of the year. That must make you a high risk when HMRC are asking whether the company is a genuine business or a tax avoidance measure, surely?

Can't argue that point. Whether or not HMRC would be interested could be argued but certainly shows a permie mentality. Whilst looking for work you are technically carrying out sales work for your business. Going JSA every time shows you consider yourself as a bum on a seat and not a business.

[DirtyDog]

Irrelevant. My business is a separate entity. If it has no work then, personally, it does not employ me, I have no work and can claim JSA. Works exactly the same for the self-employed.

Actually, it doesn't. If you are self-employed, you don't pay Class 1 NI, you pay class 2 or class 4. You need to pay class 1 to claim JSA. You'd only be able to claim income based JSA, which isn't what you claim, is it?

[northernladuk]

Either way, and I am sure PC has explained it many times but, I just can't see how a contract cannot have £16k in the business or held personally. Where the hell is the warchest if you can claim you are in that situation?