Any clue how many of your fellow contractors are going inside?

[BABABlackSheep]

And I'm sure the wife has 50% shares in the ltd and takes a salary + dividends for literally doing feck all. Maximum tax avoidance...I've got no sympathy for these people.

Making contractor money and spending it like it's a permie salary. It's just stupid.

Loads like this, but can’t blame them I suppose. Nothing unlawful in what they are doing. But not for us.

My wife still works full time and the kids are still at school. She’s the safety net that allows me to contract. We have paid off our mortgage, put full ISA entitlements away every year as well as pension contributions.

We both bought half decent 2nd hand cars that are 8 years old now with no plans to swap. We go on holiday to Spain once a year to see her parents with a few city breaks.

We’re happy and looking forward to retirement. Contracting was/is the right decision for me and that’s why I’ve turned down permie jobs with clients.

[oliverson]

Loads like this, but can’t blame them I suppose. Nothing unlawful in what they are doing. But not for us.

My wife still works full time and the kids are still at school. She’s the safety net that allows me to contract. We have paid off our mortgage, put full ISA entitlements away every year as well as pension contributions.

We both bought half decent 2nd hand cars that are 8 years old now with no plans to swap. We go on holiday to Spain once a year to see her parents with a few city breaks.

We’re happy and looking forward to retirement. Contracting was/is the right decision for me and that’s why I’ve turned down permie jobs with clients.

Jesus, talk about Mr Average. What a boring and steady existence. You're not capitalising on the opportunities that contracting can provide. What a shame.

I've known a few people who have carefully saved and planned for retirement but they never got there or only just. This 'deferred life' strategy! I've never really got that. I'm about to jump on flight number 8 this year, building on 53 last year. Screw retirement, screw the planet, I'm having a great time!

[PCTNN]

I'm about to jump on flight number 8 this year, building on 53 last year.

Unless you're talking about private jets, being in airports 53 times a year is one of the most miserable experiences I can think of.

[Paralytic]

Duplicate

[Paralytic]

...started contracting around 30 years old, now in his early 40s....

Eh? Is he counting a paper round as his first contract?

[oliverson]

Unless you're talking about private jets, being in airports 53 times a year is one of the most miserable experiences I can think of.

I can't argue with that but it's a necessary evil. The airport bar takes off some of the sting.

[BABABlackSheep]

Jesus, talk about Mr Average. What a boring and steady existence. You're not capitalising on the opportunities that contracting can provide. What a shame.

I've known a few people who have carefully saved and planned for retirement but they never got there or only just. This 'deferred life' strategy! I've never really got that. I'm about to jump on flight number 8 this year, building on 53 last year. Screw retirement, screw the planet, I'm having a great time!

Ha...all respect to you...absolutely loving your attitude.

I’m not going to give you my life story, but it’s been in 2 parts so far and boy have I lived the life in Part 1, had your attitude.

I’m bunkering down at the moment, and want to have a fantastic 3rd part of my life.

Your right, perhaps I’ll die and not get that far, but that’s an unknown. What I do know however is that if I spend everything I earn now, then I’ll be working till I’m 67 and have a potentially tulipty last 25 years of life.

I’m enjoying watching my money grow, the kids turn into adults, my time with my beautiful wife and the fun of watching my little dog be happy.

[oliverson]

Ha...all respect to you...absolutely loving your attitude.

I’m not going to give you my life story, but it’s been in 2 parts so far and boy have I lived the life in Part 1, had your attitude.

I’m bunkering down at the moment, and want to have a fantastic 3rd part of my life.

Your right, perhaps I’ll die and not get that far, but that’s an unknown. What I do know however is that if I spend everything I earn now, then I’ll be working till I’m 67 and have a potentially tulipty last 25 years of life.

I’m enjoying watching my money grow, the kids turn into adults, my time with my beautiful wife and the fun of watching my little dog be happy.

You remind me of my brother, much more steady than me, though his wife ended up running off with a lesbian!

Anyhow, relax, I'm not really having a pop at you, I'm just stressed out like everybody else at what's happening to my industry! A couple of months off will do me the world of good.

[LondonManc]

And I'm sure the wife has 50% shares in the ltd and takes a salary + dividends for literally doing feck all. Maximum tax avoidance...I've got no sympathy for these people.

Making contractor money and spending it like it's a permie salary. It's just stupid.

First part will be advised by the accountant. They, though, won't advise the client about building a warchest, retaining profits, etc. which I think is really remiss of them for newbie contractors.

[CompoundOverload]

Hi,

I'm with my current client (been here for four months) in an outside self declared capacity. Going via an agency and have had my contract reviewed and passed by Qdos. I also have insurance with them also.

I've been advised by the agency and the end client that they have made a SDS that post April I will be outside.

However, I am not fully confident I can just rely on that alone.

What do I need to do in addition to this to make it bullet proof?

do i need the agency to re-issue a new contract or do I keep the existing one and if a new contract get this reviewed again?

do I need a written SDS from the client and what should it say exactly?

If an investigation ever arose for this engagement and it was proved I was inside, would I only be responsible for the repayment of taxes for the self declared aspect of the engagement and post April it would be the client?

Anything I need to factor in?