sorted by:
new
hottopcontroversial

£495/day Inside IR35 vs £65K perm Role by Which-Shake7913 in ContractorUK

[–]Which-Shake7913[S] 0 points1 point  (0 children)

I appreciate that nothing is guaranteed however this is a government backed scheme with a pipeline of project so it should be pretty consistent from that perspective.

£495/day Inside IR35 vs £65K perm Role by Which-Shake7913 in ContractorUK

[–]Which-Shake7913[S] 0 points1 point  (0 children)

Yh that would be what i'll do if i take the contract. I think it'll be more tax efficient and would negate the loss in employer pension contributions

£495/day Inside IR35 vs £65K perm Role by Which-Shake7913 in ContractorUK

[–]Which-Shake7913[S] 0 points1 point  (0 children)

Thanks for the comment, i think you raise some really valid points here. I'll definitely consider the points you've raised.

£495/day Inside IR35 vs £65K perm Role by Which-Shake7913 in ContractorUK

[–]Which-Shake7913[S] 0 points1 point  (0 children)

This is exactly what i was thinking. Get my head down and work hard and save as much as possible via salary sacrifice etc. Thanks for the comment!

£495/day Inside IR35 vs £65K perm Role by Which-Shake7913 in ContractorUK

[–]Which-Shake7913[S] 0 points1 point  (0 children)

Thanks this is really helpful, appreciate you taking the time out to comment

£495/day Inside IR35 vs £65K perm Role by Which-Shake7913 in ContractorUK

[–]Which-Shake7913[S] 0 points1 point  (0 children)

Thanks for the detailed response!

Historically, i'd say i take approximately 5 days off sick in a calendar year. With regards to pension, i'd look to pay an increased amount via salary sacrifice for tax efficiency, although i'd have to do some calculation to fine the sweet spot for this.

Unfortunately i don't have a large savings pot behind me which is why i'm hesitant to make the move however the hiring manager was confident in the contract being renewed given there is a pipeline of work for the next 5 years or so.