• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • FREE workshop: Preparing contractors for Autumn : Weds 29th Sep at 7.15pm. More details here.

November 22nd - The death of contracting as we know it

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #81
    Originally posted by TheFaQQer View Post
    Minus 5% expenses?
    ISTR that the public sector version of IR35 wasn't even allowing the 5% before calculating deemed salary?
    Public Service Posting by the BBC - Bloggs Bulls**t Corp.
    Officially CUK certified - Thick as f**k.

    Comment


      #82
      Originally posted by starstruck View Post
      So they won't make employer contributions into your SIPP?
      no they need to pay the money into their group scheme. you can then extract it from there and transfer it to your SIPP. So a secondary question for any umbrella after how much can I put into the pension scheme is what exit fees do they charge....
      merely at clientco for the entertainment

      Comment


        #83
        Originally posted by Fred Bloggs View Post
        ISTR that the public sector version of IR35 wasn't even allowing the 5% before calculating deemed salary?
        Correct there is no 5% allowance with the public sector rules - that is going to be equally true when its deployed to the private sector - after all you are an employee why should you need any allowances...
        merely at clientco for the entertainment

        Comment


          #84
          Let's be honest, it has never been about HMRC ensuring people pay their fair share, be it self employed or otherwise. It has always been about getting as many people on PAYE as possible.

          Even they can see a mile off that putting a contractor inside IR35 still doesn't put them on an even keel with Permies, who get paid holidays, company benefits etc.....
          STRENGTH - "A river cuts through rock not because of its power, but its persistence"

          Comment


            #85
            Originally posted by eek View Post
            Correct there is no 5% allowance with the public sector rules - that is going to be equally true when its deployed to the private sector - after all you are an employee why should you need any allowances...
            Exactly, just like the bloke/lady next to you who is on a FTC deal, as many people are these days.
            Public Service Posting by the BBC - Bloggs Bulls**t Corp.
            Officially CUK certified - Thick as f**k.

            Comment


              #86
              Originally posted by eek View Post
              Correct there is no 5% allowance with the public sector rules - that is going to be equally true when its deployed to the private sector - after all you are an employee why should you need any allowances...
              What about, for example, the various insurances I'm presumably still going to need to take out each year?

              Comment


                #87
                Originally posted by Big Blue Plymouth View Post
                What about, for example, the various insurances I'm presumably still going to need to take out each year?
                Employees do not need insurance.
                Public Service Posting by the BBC - Bloggs Bulls**t Corp.
                Officially CUK certified - Thick as f**k.

                Comment


                  #88
                  Originally posted by Fred Bloggs View Post
                  Employees do not need insurance.
                  Well, let's keep our fingers crossed & hope we dodge the bullet. Again.

                  Comment


                    #89
                    What about, for example, the various insurances I'm presumably still going to need to take out each year?
                    Employees do not need insurance.
                    Exactly. So if we've got to shell out £1,800/year for indemnity that they don't, why shouldn't we get an allowance for it?

                    Comment


                      #90
                      Originally posted by PTP View Post
                      Exactly. So if we've got to shell out £1,800/year for indemnity that they don't, why shouldn't we get an allowance for it?
                      How much????
                      'CUK forum personality of 2011 - Winner - Yes really!!!!

                      Comment

                      Working...
                      X