Reply to: couple struggling with 200k pa

[Old Greg]

I'm OK as I have a niche and in-demand skillset which is largely absent in the country. Doing some interesting work for an OK rate with the opportunity to build a small consultancy if the wind is behind me.

[bobspud]

The recession has left rates pretty poor.

[Old Greg]

Does the market set their rates to compensate for that?

The recession has left rates pretty poor.

[jamesbrown]

Dividends are taxed in the same way as earned income (more or less). Checkmate.

I'm a contractor BTW.

I see. Ouch. That'll do it. I suppose you can at least distribute income across years, or do they also have rules on "moneyboxing"?

[bobspud]

Dividends are taxed in the same way as earned income (more or less). Checkmate.

I'm a contractor BTW.

Does the market set their rates to compensate for that?

[Old Greg]

Do you mean you're actually an employee or that you're caught by legislation? If the latter, what are the rules in Ireland w/r to taxation of "PSCs"? How do they distinguish between small, service-oriented, businesses and other businesses?

Dividends are taxed in the same way as earned income (more or less). Checkmate.

I'm a contractor BTW.

[jamesbrown]

No. I decide what to do and the client decides whether to put up with it or not. But nowadays IR35 is an academic point for me, as in Ireland I have the joy of full PAYE.

Do you mean you're actually an employee or that you're caught by legislation? If the latter, what are the rules in Ireland w/r to taxation of "PSCs"? How do they distinguish between small, service-oriented, businesses and other businesses?

[scooterscot]

Ιτ'σ αλλ γρεεκ το με.

[Old Greg]

You could always live in Newry.

Probably not worth it...

[The_Equalizer]

No. I decide what to do and the client decides whether to put up with it or not. But nowadays IR35 is an academic point for me, as in Ireland I have the joy of full PAYE.

You could always live in Newry.

[bobspud]

No. I decide what to do and the client decides whether to put up with it or not. But nowadays IR35 is an academic point for me, as in Ireland I have the joy of full PAYE.

Ouch! Sorry to hear that

[Old Greg]

I think you actually mean "I manage my deliverables inside my own time frames and decide how I best use the increased productivity..." After all, if you are having to ask your client if you can go on another holiday you probably needed to work full time to line up for the IR35 investigation.

No. I decide what to do and the client decides whether to put up with it or not. But nowadays IR35 is an academic point for me, as in Ireland I have the joy of full PAYE.

[bobspud]

Or have clients who tolerate you taking lots of holidays.

I think you actually mean "I manage my deliverables inside my own time frames and decide how I best use the increased productivity..." After all, if you are having to ask your client if you can go on another holiday you probably needed to work full time to line up for the IR35 investigation.

[Old Greg]

Sounds ideal but you'd need to be in a tech area that has enough demand throughout the year (over the years) or smart enough to learn and re-invent yourself so that you always have skills for which contracts are being offered.

Or have clients who tolerate you taking lots of holidays.

[BrilloPad]

I don't think the government is going to close the internet in the near future so hopefully I'll be okay.

But your job may go offshore.