Umbrella companies, IR35 and the Job Retention Scheme

[DaveB]

Sorry if this aspect is already being discussed anywhere, but does anyone have a plausible theory about whether a benched LtdCo contractor, operating inside IR35 for most of the last three years, might be eligible for something? I'm guessing not, but I'm curious about how salary would be calculated in that situation, given that it fluctuates even within IR35. Current salary (£0)? Average over X years?

Ltd Co. Contractors on salary and divi's are specifically excluded.

The earnings limit is £50,000 per year for genuinely self employed. Earn over that and you get nothing.

For those working via a brolly, the best you can expect is 80% of minimum wage, given that brollys normally pay that + "bonuses" based on your billable income and the employee support is based on salary.

[GhostofTarbera]

Sorry if this aspect is already being discussed anywhere, but does anyone have a plausible theory about whether a benched LtdCo contractor, operating inside IR35 for most of the last three years, might be eligible for something? I'm guessing not, but I'm curious about how salary would be calculated in that situation, given that it fluctuates even within IR35. Current salary (£0)? Average over X years?

Yes

You get nothing


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[Wombat14]

Sorry if this aspect is already being discussed anywhere, but does anyone have a plausible theory about whether a benched LtdCo contractor, operating inside IR35 for most of the last three years, might be eligible for something? I'm guessing not, but I'm curious about how salary would be calculated in that situation, given that it fluctuates even within IR35. Current salary (£0)? Average over X years?

[Beany]

This is a site for professionals turning over 100s of K a year. Its not mumsnet.

Sometimes a bit of tough love gives people kick up the bum to step up.

Not a member of mumsnet haven’t got time I’m too busy earning a modest living.

What is obvious though is that earning ‘100s of K a year’ and good manners don’t necessarily go hand in hand.

I say again play nice! There are a lot of very worried people about at the moment.


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[TazCaz]

Jeez, do people actually read what they write?

Do you really think you can be both self-employed and have an employer for the same contract?

HINT: you are not self employed. If you lose your contract due to Covid-19 and can somehow get your Umbrella to "furlough" you, then you might have a chance of claiming under the Covid-19 Job Retention scheme, but this is all still too new and unknown territory until more clarity is provided. You should be pushing your Umbrella for an answer.

As for apologising "if this is being discussed elsewhere" - stop being so lazy and disingenuous. The same question has been asked across these boards at least 5 times already.

Let's not forget that now is the time to be kind, Paralytic. Hope your week gets better

[cojak]

I have moved this thread so any flaming in this thread stops now.

[Lance]

Agreed but someone not getting whether or not they are employed or not when they are via an umbrella needs a sharp word. Just ridiculous to not understand what they are. This is their job and lively hood. To not know is bordering on incompetence.

Is a lively hood where you go to party with gangsters?

[northernladuk]

I disagree. Although umbrella customers are technically ‘employed’ they aren’t in the true sense compared to the permanent employees they work alongside.

Even the umbrella companies don’t know how this is going to pan out at the moment so what hope has anyone using their services got!

This person was just asking to get some reassurance as I’m sure we’d all like. If it can’t be given then people should just scroll past.


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This is a site for professionals turning over 100s of K a year. Its not mumsnet.

Sometimes a bit of tough love gives people kick up the bum to step up.

[Beany]

Agreed but someone not getting whether or not they are employed or not when they are via an umbrella needs a sharp word. Just ridiculous to not understand what they are. This is their job and lively hood. To not know is bordering on incompetence.

I disagree. Although umbrella customers are technically ‘employed’ they aren’t in the true sense compared to the permanent employees they work alongside.

Even the umbrella companies don’t know how this is going to pan out at the moment so what hope has anyone using their services got!

This person was just asking to get some reassurance as I’m sure we’d all like. If it can’t be given then people should just scroll past.


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[Beany]

I'm not an expert, nor am I claiming to be, but your question had already been answered (as much as it can be at this time) in the other threads you didn't bother reading before you posted.

You are in the fortunate position of still having a contract.

I didn’t ask a question! Why don’t YOU read the thread properly!


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