Question for those that have gone permie Question for those that have gone permie
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  1. #1

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    Default Question for those that have gone permie

    I've seen a few people say that they have gone permie during the downturn, or are considering doing so.

    Question I have is whether any of you still continue with PCG membership or some other kind of protection against an IR35 investigation. My worst case scenario would be to take a permie job and then get clobbered with an IR35 investigation just after I cancel my PCG membership, Qdos insurance etc. etc.

    Do you still need to continue your coverage for another 6 years after you stop contracting? Or would the PCG still cover you for any investigation based on you being a member when the alleged offence took place?
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  2. #2

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    I remained a member after going permie, with the intent of remaining a member until 7 years were up.
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  3. #3

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    I doubt you will get any replies on here : any permies will have handed in their cuk username

  4. #4

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    moorfield is too good to be a permie

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    Quote Originally Posted by BrilloPad View Post
    I doubt you will get any replies on here : any permies will have handed in their cuk username


    should have


    There are still some lurking around.

  5. #5

    Contractor Among Contractors

    Jeebo72 is too good to be a permie

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    Just close up your company. This won't preclude you from an IR35 investigation, but it makes it all the more unlikely.

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    Quote Originally Posted by Jeebo72 View Post
    Just close up your company. This won't preclude you from an IR35 investigation, but it makes it all the more unlikely.
    I recycle my ltd companies every few years.

    Difficult to ask for a PAYE audit on a company that no longer exists.

  7. #7

    Contractor Among Contractors

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    Quote Originally Posted by DimPrawn View Post
    I recycle my ltd companies every few years.

    Difficult to ask for a PAYE audit on a company that no longer exists.
    isn't there any downside to it ?
    you get whacked for extra tax when you take the dosh out
    which you wouldn't ,if you keep the same company running .

  8. #8

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    Quote Originally Posted by Andy2 View Post
    isn't there any downside to it ?
    you get whacked for extra tax when you take the dosh out
    which you wouldn't ,if you keep the same company running .
    You can take all the money out via a dividend or do what I did and extract it out as a capital gain. Ask your accountant.

  9. #9

    More time posting than coding

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    Quote Originally Posted by Andy2 View Post
    isn't there any downside to it ?
    you get whacked for extra tax when you take the dosh out
    which you wouldn't ,if you keep the same company running .
    It's called Phoenixing and if you do it regularly may well attract Hector's attention to you for the obvious reasons. I've done it once but for a genuine reason.

  10. #10

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    Quote Originally Posted by Ruse View Post
    It's called Phoenixing and if you do it regularly may well attract Hector's attention to you for the obvious reasons. I've done it once but for a genuine reason.
    I've only done it 272 times.

    So far so good.

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