Moving from Inside to Outside IR35

[chris424uk]

Hi all. Looking for some quick advice. I'm currently contracting in Product Management and moving to a new contract and different company which is outside IR35. I'm used to the easy life within IR35 but excited about the tax savings. However, I'm starting this new contract in 1.5 weeks and just wanted to check if it's possible/realistic to get everything sorted for then (i.e. set-up a limited company, business bank account, accountant, etc.) What would everyone recommend in terms of approach? I believe the limited company is the more widely used approach, however I've heard you can also use umbrella companies when outside IR35 too. Ideally looking for the lowest costs and good customer service if considering an umbrella - I've previously used Paystream who were great.

Any help would be greatly appreciated.

[cojak]

Since we are having problems with moving threads at the moment, you can reply to this post here.

https://forums.contractoruk.com/acco...de-ir35-a.html