Originally posted by Cid
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Which one of you is this? Times report on private sector IR35
Collapse
X
-
-
Originally posted by NotAllThere View Post80K takehome on 100K fees? He's using one of those avoidance schemes, isn't he!
100 miles day travel at 45p mile, £10K salary so no tax, split dividends with mrs (who only works part-time) so we're both under 40% threshold....
This gig (inside IR35 via umbrella) is about 55% I reckon. (Then again the rate was hiked by 40%)Rhyddid i lofnod psychocandy!!!!Comment
-
Originally posted by psychocandy View PostReckon on last gig I used to take home about 82%.....
100 miles day travel at 45p mile, £10K salary so no tax, split dividends with mrs (who only works part-time) so we're both under 40% threshold....
This gig (inside IR35 via umbrella) is about 55% I reckon. (Then again the rate was hiked by 40%)Comment
-
Originally posted by pjt View PostI wonder if we'll see this in the private sector! I've had a few offers in public sector where the agent has basically taken my rate put it through a calculator and offered me a much higher rate inside IR35. Not had to take one of these yet but its good to know the offers sometimes understand the impact this has on us. Not so sure the private sector will do the same. Its crazy if the clients just work properly with contractors they can save a fortune.
Plenty of Agents hawking FTCs around at same as permie salaries.Always forgive your enemies; nothing annoys them so much.Comment
-
Originally posted by vetran View PostPlenty of Agents hawking FTCs around at same as permie salaries.
I'm not saying the changes to IR35 in the public sector have been easy but if you can work with your clients its not the end of the world. We're all meant to be in business if it was easy everyone would be doing it.Comment
-
Originally posted by pjt View PostI wonder if we'll see this in the private sector! I've had a few offers in public sector where the agent has basically taken my rate put it through a calculator and offered me a much higher rate inside IR35. Not had to take one of these yet but its good to know the offers sometimes understand the impact this has on us. Not so sure the private sector will do the same. Its crazy if the clients just work properly with contractors they can save a fortune.Comment
-
Originally posted by TwoWolves View PostThe private sector are not in a position to throw money around like confetti as the public sector do, they earn their money.
They have 3 choices then, either work with suppliers to agree contracts that puts them outside, pay higher rates or struggle to get decent contractors to do the work. Remember this is a market and the market will work in our favour just as it has in the public sector.
I've seen clients struggle to get inside roles filled even at the higher rates. Again the market is our friend in this!Comment
-
Originally posted by woohoo View PostWell a large business is really big and medium one is less so. A small business can fit into the palm of your hand.Down with racism. Long live miscegenation!Comment
-
Originally posted by pjt View PostThey have 3 choices then, either work with suppliers to agree contracts that puts them outside, pay higher rates or struggle to get decent contractors to do the work. Remember this is a market and the market will work in our favour just as it has in the public sector.
I've seen clients struggle to get inside roles filled even at the higher rates. Again the market is our friend in this!
Mind you, I consulted on a project in the Summer with a lot of Indian guys, very nice and very busy but doing nothing that was advancing the project at all! Working 10/10, achievement 0/10.Last edited by TwoWolves; 30 October 2018, 12:04.Comment
-
Originally posted by pjt View PostI wonder if we'll see this in the private sector! I've had a few offers in public sector where the agent has basically taken my rate put it through a calculator and offered me a much higher rate inside IR35. Not had to take one of these yet but its good to know the offers sometimes understand the impact this has on us. Not so sure the private sector will do the same. Its crazy if the clients just work properly with contractors they can save a fortune.Rhyddid i lofnod psychocandy!!!!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment