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

[Fred Bloggs]

Minus 5% expenses?

ISTR that the public sector version of IR35 wasn't even allowing the 5% before calculating deemed salary?

[eek]

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....

[eek]

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...

[regron]

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.....

[Fred Bloggs]

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.

[Big Blue Plymouth]

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?

[Fred Bloggs]

What about, for example, the various insurances I'm presumably still going to need to take out each year?

Employees do not need insurance.

[Big Blue Plymouth]

Employees do not need insurance.

Well, let's keep our fingers crossed & hope we dodge the bullet. Again.

[PTP]

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?

[northernladuk]

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????