Newbie - first post

[Darren_Test]

Moved to Light Relief section...........

[Hex]

A simple "Could you explain clearer would have sufficed"

I have been asked to quote for providing to a customer for the provision of a project manager for an IT system implementation over the next two years. I have quoted at £55k plus expenses for the provision of the person (me).

Also, I have been offered (I guess now) two options by a seperate company to work for them:

Employed at £50k basic plus the profit share etc or,

Work for them on a daily rate through my ltd co at £350 per day plus expenses and profit share.

Is that any clearer?

There are some calculators here www.ir35calc.co.uk which allow you to compare permie salary to contractor rate. I typed 50000 into the salary box and it said that inside IR35 you would need a rate of £292 to give the same income. So that would mean that you are better off taking the £350 per day option. You would be better off than on 50K even if you declared yourself inside IR35. But be aware that you will lose any employee perks such as sick pay and pension. Does the 50K offer also have pension, health insurance etc.
These would help to make it a better offer.

Personally I would probably take the £350 a day and gamble that I wasn't going to get sick. I'm not sure how or if the profit share would have an influence on your IR35 status. It would be best to ensure that whatever contract you sign has been checked for its IR35 consequences.

[JoJoGabor]

I have been asked to quote for providing to a customer for the provision of a project manager for an IT system implementation over the next two years. I have quoted at £55k plus expenses for the provision of the person (me).

Is that fulltime?

[Liability]

first [well not really]

[ptben]

I totally confused by your blatherings

A simple "Could you explain clearer would have sufficed"

I have been asked to quote for providing to a customer for the provision of a project manager for an IT system implementation over the next two years. I have quoted at £55k plus expenses for the provision of the person (me).

Also, I have been offered (I guess now) two options by a seperate company to work for them:

Employed at £50k basic plus the profit share etc or,

Work for them on a daily rate through my ltd co at £350 per day plus expenses and profit share.

Is that any clearer?

[Hex]

I've been a reader for a while now and have gained a large amount of advice from other posts on the whole contract v permie question

This is my first post and it's along those lines as after reading all the advice I decided to go contracting and set up a ltd company. In the process of doing that I have been offered a permanent job and I'm not sure what to.

Permanent options - two given by prospective employer
1. £50k basic plus 33% profit from completed jobs. Company car or lump sum. UK wide work and some international.
2. Lower salary at just under £40k but then invoice for additional work through ltd compnay. Company car or lump sum. Same work locations as 1.

Also, the employer has offered to pay a daily rate of £350 plus expenses plus the 33% profit share for work.

I have a proposal in for my first contract with a seperate client to do 2 years project management at £55k per annum plus expenses which is currently awaiting approval.

I totally confused what to

In option 2, you seem to be saying that you will receive a salary (i.e. you will be on the payroll of this company) and that you will have the chance to invoice for some additional work via your own Limited Company. Because you are on the payroll then any work you do and invoice for via your own Limited Company will almost certainly be caught by IR35 and you will have to pay full tax and NI on it and so I can't see an advantage in this.

But then you say at the end that you are being offered £350/day. I'm afraid the options that you are presenting are not fully explained so it is very hard to give advice. From what you have supplied in information I think your situation is unlike most people's on here so they will find it hard to give proper advice.

[pmeswani]

I've been a reader for a while now and have gained a large amount of advice from other posts on the whole contract v permie question

This is my first post and it's along those lines as after reading all the advice I decided to go contracting and set up a ltd company. In the process of doing that I have been offered a permanent job and I'm not sure what to.

Permanent options - two given by prospective employer
1. £50k basic plus 33% profit from completed jobs. Company car or lump sum. UK wide work and some international.
2. Lower salary at just under £40k but then invoice for additional work through ltd compnay. Company car or lump sum. Same work locations as 1.

Also, the employer has offered to pay a daily rate of £350 plus expenses plus the 33% profit share for work.

I have a proposal in for my first contract with a seperate client to do 2 years project management at £55k per annum plus expenses which is currently awaiting approval.

I totally confused what to

You know the answer to your question... you are just in denial.

[nomadd]

I totally confused what to

Easy. Take the first risk-free, permie one that's offered.

Nomadd

[daviejones]

Ah...yes, I see the problem!!!

I'm sober, must resolve this soonest!!!

[MPwannadecentincome]

I have a proposal in for my first contract with a seperate client to do 2 years project management at £55k per annum plus expenses which is currently awaiting approval.

I totally confused what to

You are going to do a contract at an annual rate?

[JoJoGabor]

I totally confused by your blatherings

[ptben]

I've been a reader for a while now and have gained a large amount of advice from other posts on the whole contract v permie question

This is my first post and it's along those lines as after reading all the advice I decided to go contracting and set up a ltd company. In the process of doing that I have been offered a permanent job and I'm not sure what to.

Permanent options - two given by prospective employer
1. £50k basic plus 33% profit from completed jobs. Company car or lump sum. UK wide work and some international.
2. Lower salary at just under £40k but then invoice for additional work through ltd compnay. Company car or lump sum. Same work locations as 1.

Also, the employer has offered to pay a daily rate of £350 plus expenses plus the 33% profit share for work.

I have a proposal in for my first contract with a seperate client to do 2 years project management at £55k per annum plus expenses which is currently awaiting approval.

I totally confused what to