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Need planning advice on leaving the UK

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    #11
    Originally posted by juspitutre View Post

    Yep, all good. I'll open a LTD ( same like here ) and it'll be same wage.
    If not only for the perspective of getting the settled status, I would have moved long ago. I wait one more year and that'll be £150k already lost to HMRC. I'll try to push more into a SIPP but still, given how means tested everything is, I benefit like 0 from 50% tax I pay. Feel like a cash cow.
    If you are inside your LTD has nothing to do, you are effectively a temp worker who gets a salary. For your own sake, do some reading up on how this works and do talk to your employer as they most likely will not deal with a non-UK based umbrella.

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      #12
      If you are inside your LTD has nothing to do, you are effectively a temp worker who gets a salary. For your own sake, do some reading up on how this works and do talk to your employer as they most likely will not deal with a non-UK based umbrella.
      Technically I'm a consultant and the client is overseas, so IR35 determination and Employer NI is on me. I already had an LTD from previous outside contracts, so made sense to use it. Didn't want to go sole trader ( although it was possible ) because of limited liability ( also off-payroll still applies ). Thus no umbrella is involved.
      Meaning I can move to another country and setup ltd there and do B2B as here, just without IR35 and HMRC headache.



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        #13
        Originally posted by juspitutre View Post

        Technically I'm a consultant and the client is overseas, so IR35 determination and Employer NI is on me. I already had an LTD from previous outside contracts, so made sense to use it. Didn't want to go sole trader ( although it was possible ) because of limited liability ( also off-payroll still applies ). Thus no umbrella is involved.
        Meaning I can move to another country and setup ltd there and do B2B as here, just without IR35 and HMRC headache.


        As others have mentioned here I would seriously do some more homework on this as it sounds too good to be true .... which very usually means it is too good to be true.

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          #14
          Originally posted by juspitutre View Post
          Technically I'm a consultant and the client is overseas, so IR35 determination and Employer NI is on me. I already had an LTD from previous outside contracts, so made sense to use it. Didn't want to go sole trader ( although it was possible ) because of limited liability ( also off-payroll still applies ). Thus no umbrella is involved.
          Meaning I can move to another country and setup ltd there and do B2B as here, just without IR35 and HMRC headache.
          Assuming your client is happy dealing with a non-UK ltd that is. Have you talked to them?

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