You're probably not going to like this - we certainly don't

[missinggreenfields]

None that were members at the time they used a scheme so IPSE don't deem it important.... If you want me to dig up the appropriate link on the IPSE forum I'll have a look

If you would, yes please.

But if no members are affected, that seems to be a long way from the "great many" that has been suggested in this thread. Althoguh from a pure mathematical point of view, zero is a great number because it is fascinating.

[gables]

I'm sure this will have been asked before but I've missed it, but how does this work with pensions?

I think I'm correct in thinking that pension contributions come out before the calculation for the IR35 paye element, and therefore the amount of pension contribution being made will determine how much is due under IR35... so how can the correct amount be taken before the invoice is paid?

[eek]

I'm sure this will have been asked before but I've missed it, but how does this work with pensions?

I think I'm correct in thinking that pension contributions come out before the calculation for the IR35 paye element, and therefore the amount of pension contribution being made will determine how much is due under IR35... so how can the correct amount be taken before the invoice is paid?

My reading of it is that because you will be paid net you will probably lose the employee and employer NI contributions as they will have been deducted by the agency / Public sector payroll alongside the income tax due.

You would be able to reclaim the income tax side of the pension (I bet HMRC haven't included even that on things that need to do) but they probably haven't thought about how to do NI contributions....

[DotasScandal]

But if no members are affected...

Please re-read eek's post, and familiarize yourself with the retrospective nature of what is being discussed. One could have been in a "scheme" 10 years ago, a Ltd Co. contractor and member of PCG/IPSE for the past 9, and be affected by APNs today.

[gables]

My reading of it is that because you will be paid net you will probably lose the employee and employer NI contributions as they will have been deducted by the agency / Public sector payroll alongside the income tax due.

You would be able to reclaim the income tax side of the pension (I bet HMRC haven't included even that on things they need to do) but they probably haven't thought about how to do NI contributions....

Hmm, it's quite astonishing the lack of thinking this stuff through by HMRC.

So, if you had an IR35 caught contract for the year invoicing 100K and you were paying 40K into a pension, that would make a considerable difference in what the tax due would be, no?

[teapot418]

Keep up at the back - we knew about it on May 26th (and from memory I think it was myself that pointed IPSE at it)....

Do you mean you posted a link on their forum?

By that logic, it was me who pointed you at the consultation.

Who says tea and biccies doesn't work?

[eek]

Do you mean you posted a link on their forum?

By that logic, it was me who pointed you at the consultation.

Who says tea and biccies doesn't work?

Yep.... But my point was that CUK was ahead of IPSE in knowing about this....

As I said we knew about this before IPSE did and I posted on IPSE's forum well before anyone over there started discussing it....

[eek]

Hmm, it's quite astonishing the lack of thinking this stuff through by HMRC.

So, if you had an IR35 caught contract for the year invoicing 100K and you were paying 40K into a pension, that would make a considerable difference in what the tax due would be, no?

Yep but now they are going to get £8k or so in NI contributions that you can't reclaim....

[missinggreenfields]

Please re-read eek's post, and familiarize yourself with the retrospective nature of what is being discussed. One could have been in a "scheme" 10 years ago, a Ltd Co. contractor and member of PCG/IPSE for the past 9, and be affected by APNs today.

OK, nobody was a member of PCG when they were in the scheme. So a "great many" have joined IPSE since they were in the "scheme" 10 years ago.

How many that are affected are current IPSE members? You said it was a "great many" - is that more than 10? more than 100? more than 1000? more than 10000?

[teapot418]

I'm sure this will have been asked before but I've missed it, but how does this work with pensions?

I think I'm correct in thinking that pension contributions come out before the calculation for the IR35 paye element, and therefore the amount of pension contribution being made will determine how much is due under IR35... so how can the correct amount be taken before the invoice is paid?

The pension "thing" is an example of why this just won't work. Currently, if you're IR35 caught, you can pay as much as you want into your SIPP as a company contribution (up to the 40K limit).

By paying in post tax, you get your tax relief, but you don't get NI back, so you would be considerably 'worse off' that IR35 caught today.

How about fighting for your employment rights, including a nice final salary scheme...