IPSE have sent an email out

[eek]

He wasn't suggesting this, eek suggested it in an earlier post.

It is one thing to know what operations are looking at operationally, another to outright ask for something you know no one can accept

[RonBW]

Errr, no. You will still be able to move from job to job or take time off or all the other life style choices. Just pay more tax, which apparently, isn't a life style issue at all. Mind you, when asked over there how many of them voluntarily pay the extra tax for being IR 35 caught, you are met with silence. Cake and eat it, anyone?

Err, yes. If the contractor can no longer have employer contributions to their pension made, they are worse off than an employee who can. If a company cannot retain income for the future then they are being treated in a manner which affects the lifestyle.

You are wrong. End of.

[Fred Bloggs]

Err, yes. If the contractor can no longer have employer contributions to their pension made, they are worse off than an employee who can. If a company cannot retain income for the future then they are being treated in a manner which affects the lifestyle.

You are wrong. End of.

Erm, nope. Not wrong at all. If your employer allows it then you can salary sacrifice into a pension. The effect is EXACTLY the same. In both cases ErNIC, EeNIC and income tax are all avoided on the money salary sacrificed into a pension. How am I wrong, exactly?

[Fred Bloggs]

I wonder how many people would have said something like that about PS bodies putting all contractors inside IR35 not so long ago.

And, exactly what resources does that involve from HMRC then? None at all, perhaps?

[youngguy]

There will be NO retrospection. HMRC do NOT have the resources. Fact.

I'm not so sure.....look at DOTAS and other such things.

HMRC can spend the next few yrs sending letters out and chasing and that will be far easier than their current method of starting investigations.

Remember half of this is about HMRC trying to make themselves look better after underperforming for 2 decades.

[eek]

Erm, nope. Not wrong at all. If your employer allows it then you can salary sacrifice into a pension. The effect is EXACTLY the same. In both cases ErNIC, EeNIC and income tax are all avoided on the money salary sacrificed into a pension. How am I wrong, exactly?

I suspect that agencies won't cope with salary sacrifice which is why in the FAQ at the top I emphasis it as a reason to use an umbrella.

I would point out that is not a great option (other changes in April make umbrellas more expensive than before) but it's the best deal if you want to pay largish Sums into a pension

[youngguy]

As I understand it, being forced inside ir35 changes both lifestyle and taxation - you can't pay into your pension efficiently under these rules, you can't retain profit for lean times - and under these proposals you are worse off than anyone who is an employee.

But as an employee, none of this (including the dividend tax, presumably) affects you in the slightest.

Tax is one thing but the expenses (specifically pensions ) seems like madness for a Gov with an ageing population and pension issues.

Many contractors won't be able to adequately prepared for the future and their retirements and if that's the case then Gov will pick up the tab

[Fred Bloggs]

I suspect that agencies won't cope with salary sacrifice which is why in the FAQ at the top I emphasis it as a reason to use an umbrella.

I would point out that is not a great option (other changes in April make umbrellas more expensive than before) but it's the best deal if you want to pay largish Sums into a pension

Absolutely, employee or MyCo director, salary sacrifice or employer contributions are awesome. While it lasts. The last review of salary sacrifice came close to abolishing it, IIRC.

[eek]

I'm not so sure.....look at DOTAS and other such things.

HMRC can spend the next few yrs sending letters out and chasing and that will be far easier than their current method of starting investigations.

Remember half of this is about HMRC trying to make themselves look better after underperforming for 2 decades.

+1. Prior to April working out who to investigate was largely down to manual effort and guess work. Come April there is a dataset of plausible cases to play with.

And it was the working out of who to target that was time consuming not the triggering of an inquiry. That but is easy. And if it takes years for the investigations to play out hmrc won't care they'll just get their psychological department to ramp up the pressure

[northernladuk]

And, exactly what resources does that involve from HMRC then? None at all, perhaps?

None? Really?