Reply to: Does anyone have both IPSE+ AND Qdos.

[TheFaQQer]

I would think it's only a problem if you claim on both concurrently. Qdos, from memory, do want you to go through them first, but say for whatever reason they thought there was no point continuing, I don't think that would preclude claiming through IPSE. It's worth clarifying it with both of them before claiming, but the only instance where I could see there being an issue is if you had both TLC35 and Survive35 (separate offerings) and tried to claim on both.

IIRC, if you make a claim you have to declare whether there is any other insurance in place that might cover the case. From asking elsewhere in the past, the general perception was that the various insurers would work together rather than everyone washing their hands of the whole situation.

[eazy]

Options

If you have Qdos TLC or another provider which covers tax liabilities, I would suggest you always contact them before others who only offer investigation cover.

I would select them for representations to HMRC and use others for advice.

[malvolio]

It's fairly expensive compared to TLC35. Basically a lump sum based off the value of the potential liability and then an on-going yearly fee. Depending on how long you want to hold it, it can then work out cheaper, as the yearly fee is lower.

Given of course you almost certainly wont ever need either...

I would think it's only a problem if you claim on both concurrently. Qdos, from memory, do want you to go through them first, but say for whatever reason they thought there was no point continuing, I don't think that would preclude claiming through IPSE. It's worth clarifying it with both of them before claiming, but the only instance where I could see there being an issue is if you had both TLC35 and Survive35 (separate offerings) and tried to claim on both.

Actually, that won't happen; both have said they will honour a claim regardless of what other insurances you may have, so it would be a case of pick one and carry on. Don't expect to swap over once you've started though. As for claiming on both, that would be fraudulent...

[Zero Liability]

There's also the Survive35 Abbey Tax offering above what IPSE+ membership gives you which covers losses - haven't looked into it in any detail, but will throw into the mix.

It's fairly expensive compared to TLC35. Basically a lump sum based off the value of the potential liability and then an on-going yearly fee. Depending on how long you want to hold it, it can then work out cheaper, as the yearly fee is lower.

If you have two insurances covering the same thing it is always going to mean problems when you actually need to use it. Both will always find a reason why the other insurance has to fork out and not them. So I don't see much added value in IPSE and have QDOS alone.

I would think it's only a problem if you claim on both concurrently. Qdos, from memory, do want you to go through them first, but say for whatever reason they thought there was no point continuing, I don't think that would preclude claiming through IPSE. It's worth clarifying it with both of them before claiming, but the only instance where I could see there being an issue is if you had both TLC35 and Survive35 (separate offerings) and tried to claim on both.

[SueEllen]

If you have two insurances covering the same thing it is always going to mean problems when you actually need to use it. Both will always find a reason why the other insurance has to fork out and not them. So I don't see much added value in IPSE and have QDOS alone.

One poster (can't remember who but they may come out and say who they are) had both. HMRC investigated him and it was IPSE who were happy to deal with it properly for no extra cost.

It's actually the same with insurers for other things. Some are complete charlatans who will do everything to avoid paying out a claim, but others will deal you to the letter of the contract without a fuss.

[mudskipper]

There's also the Survive35 Abbey Tax offering above what IPSE+ membership gives you which covers losses - haven't looked into it in any detail, but will throw into the mix.

[northernladuk]

I remember looking at these a while ago. Not sure if its still the same but IPSE is coverage while your still paying membership whereas QDOS used to be per contract? Not sure if its the same now...

Was tempted by QDOS offering - they are a cracking bunch but just IPSE for me at the moment.

Those of you who have both. Don't see the point. Surely if something comes up you're going to have to select one to make initial contact with anyway? And then thats it.

Don't think you can contact IPSE, go with them, then decide you want QDOS coverage after all. Doesnt work like that.

Indeed but the covers are slightly different and these differences don't tend to become apparent until you need them. At the point I'm facing the potential to have to pay 10's of K back should I lose having an option that only costs me £250 a year is a bit of a bargain really.

It's not really a waste, it's about peace of mind and for me it's cheap enough to have it. IPSE pays for itself in other areas. So I'm content. I'm also not gonna call anyone out for only having one of the options. They are still covered and they are happy with it. It's a very personal choice I think.

[psychocandy]

I remember looking at these a while ago. Not sure if its still the same but IPSE is coverage while your still paying membership whereas QDOS used to be per contract? Not sure if its the same now...

Was tempted by QDOS offering - they are a cracking bunch but just IPSE for me at the moment.

Those of you who have both. Don't see the point. Surely if something comes up you're going to have to select one to make initial contact with anyway? And then thats it.

Don't think you can contact IPSE, go with them, then decide you want QDOS coverage after all. Doesnt work like that.

[malvolio]

I totally get your point, I probably didn't explain clearly. I've been thinking about joining IPSE (most probably will), but the reason I was on this thread was to see what the differences were between the IPSE and QDOS offering, and where InTouch's new service crosses over.

The full list of IPSE benefits are here. Ask the other two how many of these they cover...

[MrWebDev]

Why are you even thinking? Do they cover jury service, agents going bump and so on as well offer enough discounts at high street stores to be able to get your 240 quid back if you really wanted???

I totally get your point, I probably didn't explain clearly. I've been thinking about joining IPSE (most probably will), but the reason I was on this thread was to see what the differences were between the IPSE and QDOS offering, and where InTouch's new service crosses over.

[northernladuk]

I was going to mention this. I've been thinking about joining the IPSE. I already use InTouch for my accounting and they've now 'beefed up' their offering with the new £75K of fees covered for Tax/IR35 investigations.

Why are you even thinking? Do they cover jury service, agents going bump and so on as well offer enough discounts at high street stores to be able to get your 240 quid back if you really wanted???

[MrWebDev]

I have IPSE+ and QDOS (TLC35).....and now InTouch are in on the gig too, with their 'enhanced service' offering.

Two-way split? I laugh at you and raise you to 3....

(of course, they are not all the same, but the overlap is there)

I was going to mention this. I've been thinking about joining the IPSE. I already use InTouch for my accounting and they've now 'beefed up' their offering with the new £75K of fees covered for Tax/IR35 investigations.

[kevpuk]

I have IPSE+ and QDOS (TLC35).....and now InTouch are in on the gig too, with their 'enhanced service' offering.

Two-way split? I laugh at you and raise you to 3....

(of course, they are not all the same, but the overlap is there)

[Eirikur]

If you have two insurances covering the same thing it is always going to mean problems when you actually need to use it. Both will always find a reason why the other insurance has to fork out and not them. So I don't see much added value in IPSE and have QDOS alone.

[Zero Liability]

Don't see the harm in having both and like NLUK said, the IPSE cover encompasses additional things. I believe Qdos generally expect you to go through them first to handle any claims but you're best off asking them how they would deal with such a scenario.