Here is a quick question:
For those of you who were Limited Contractor until 2019, and have taken up Fixed Term Contracts 6 months to 12 months. Is it worth opting in the pension scheme?
As a (re-)employee under PAYE, you should know that you are auto-enrolled into the working practice pension initiative. However, you can opt-out if the earn over £119 and less than £512 per month (which of course the majority here will do).
My gut is telling that IR35 will not be repealed by April 2021. So probably by the end of the year, I may as well search for permanent gig. But who ruddy knows this side of COVID-19. So maybe, the right the decision is to suck it up, but before I do, I would love to hear what other contractors (we call us ourselves that now) in a similar position to me are doing with FTC and autoenrolled pensions?
For those of you who were Limited Contractor until 2019, and have taken up Fixed Term Contracts 6 months to 12 months. Is it worth opting in the pension scheme?
As a (re-)employee under PAYE, you should know that you are auto-enrolled into the working practice pension initiative. However, you can opt-out if the earn over £119 and less than £512 per month (which of course the majority here will do).
My gut is telling that IR35 will not be repealed by April 2021. So probably by the end of the year, I may as well search for permanent gig. But who ruddy knows this side of COVID-19. So maybe, the right the decision is to suck it up, but before I do, I would love to hear what other contractors (we call us ourselves that now) in a similar position to me are doing with FTC and autoenrolled pensions?
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