Reply to: 86% Take Home Pay (Totally Legit)

[Paralytic]

I've just had a brainwave - If you're contracting outside IR35 through your Ltd company, and you decide to go perm, then what is to prevent your Ltd from making you redundant and giving you a £30K tax-free redundancy package, plus expenses for having to look around before you found and bagged the permi role?

Wow, that's incredible, Why has no-one ever thought of that before!!!

Oh, wait, they have:

Google Search

Alternatively:

TLDR;

You can't

[OwlHoot]

Taking £30k severance tax free if you're not formally being made redundant is fraudulent tax evasion.
For both you and your employer.

You're either being made redundant or you're not.

I've just had a brainwave - If you're contracting outside IR35 through your Ltd company, and you decide to go perm, then what is to prevent your Ltd from making you redundant and giving you a £30K tax-free redundancy package, plus expenses for having to look around before you found and bagged the permi role?

[Old Greg]

Sure when I last used ltd it was something like 82%.

Low salary, split divs with mrs (neither of us going into 40%), 100 mile a day expenses......

Pretty easy to achieve that around the NMW rates for keyboard replacers.

[Amanensia]

Do you count your expenses as take-home money? I'd view that as just another deduction, like tax etc.

[psychocandy]

Sure when I last used ltd it was something like 82%.

Low salary, split divs with mrs (neither of us going into 40%), 100 mile a day expenses......

[DoctorStrangelove]

vwdan it's always best to have a plan or target and it's shame you can't spot the diamond in the rough.

I'll happily go open book on the forum if I manage to pull this one off

Now we'll never know.

Oh dear, how sad, never mind.

[moneybags]

vwdan it's always best to have a plan or target and it's shame you can't spot the diamond in the rough.

I'll happily go open book on the forum if I manage to pull this one off

[vwdan]

vw

Thanks for trolling my thread.

Now run along you cheeky chappie.

I don't think it's possible to troll and a troll thread.

[moneybags]

vw

Thanks for trolling my thread.

Now run along you cheeky chappie.

[vwdan]

Dehumanisation is a psychopathic trait. Or are you trying to be funny?

You wouldn't be the first to say either.

One man's dull is another girl's ray of sunshine.

Not this time. It's just dull all the way through.

[moneybags]

Oh please do - I only came to the end of this thread to ask somebody to put it out of its misery. It's dull as ****, and clogging up the place.

Dehumanisation is a psychopathic trait. Or are you trying to be funny?

One man's dull is another girl's ray of sunshine.

[vwdan]

1. You don't have a contract
2. You haven't set up a Ltd or gone with an umbrella
3. You make long, convoluted posts, but avoid giving straight answers to simple questions.

If it wasn't my month for being the "nice" mod, I'd have taken more draconian measures.

Oh please do - I only came to the end of this thread to ask somebody to put it out of its misery. It's dull as ****, and clogging up the place.

[moneybags]

I think this is a misunderstanding.

You had your L plates on too in the early days.

[WTFH]

I don't understand why you don't think my thread is genuine. Please could you clarify?

1. You don't have a contract
2. You haven't set up a Ltd or gone with an umbrella
3. You make long, convoluted posts, but avoid giving straight answers to simple questions.

If it wasn't my month for being the "nice" mod, I'd have taken more draconian measures.

[moneybags]

I don't understand why you don't think my thread is genuine. Please could you clarify?