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  1. Replies
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    45 and similar to the OP, as the years have gone...

    45 and similar to the OP, as the years have gone by the figure I've targeted has increased although no real reason for this as my lifestyle/cost base hasn't really increased.

    I realised some time...
  2. Replies
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    Hi All, Thanks for your input. I've got a...

    Hi All,

    Thanks for your input. I've got a catch up with the potential client today/tomorrow and an idea of what might be workable, the help is much appreciated.

    If I can be paid into an...
  3. Replies
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    A further thought, bringing things back to the...

    A further thought, bringing things back to the brolly part of the topic... does this work?

    - 3 days per month minimum, one invoice per month (or even per quarter?)

    - salary sacrifice of the...
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    Bump... just coming back to this. ...

    Bump... just coming back to this. Volume/frequency of work still somewhat unknown but the opportunity is there for next year.

    The client is open to Sole Trader but as far as I can see this isn't...
  5. Replies
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    Hopefully... I'm still in discussions with the...

    Hopefully... I'm still in discussions with the ex-client; they are a consultancy and needless to say once they found out I had the time for a bit of ad-hoc work the potentially scope has grown to...
  6. Replies
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    Umbrella for ad hoc work..

    After 20 years contracting I took a permie role a little over a year ago and MVL'd my Ltd.

    I've been approached by a former client who would like me to do some work on a very ad hoc basis. It...
  7. Replies
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    Thread bump... Are there any newer...

    Thread bump...

    Are there any newer thoughts/opinions on the Umbrella-after-MVL scenario?

    I'm mid-MVL after landing a pretty good permanent role. However as I'm approaching 6 months in the...
  8. Disguised remuneration: tax avoidance using...

    Disguised remuneration: tax avoidance using annuities (Spotlight 35) - GOV.UK

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  9. Replies
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    MTD=Making Terrible Decisions? Sent from my...

    MTD=Making Terrible Decisions?

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  10. Replies
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    What does your accountant say? Yes you can...

    What does your accountant say?

    Yes you can stop paying....

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  11. Totally agree... but always good to kick the...

    Totally agree... but always good to kick the tyres on these things [emoji16]

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  12. Thanks... it's an approach I could possibly be...

    Thanks... it's an approach I could possibly be interested in depending on the mechanics of it. Might drop them a note and see if it is still an option.

    Sent from my ONEPLUS A6003 using Contractor...
  13. Give us a clue? Sent from my ONEPLUS A6003...

    Give us a clue?

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  14. I vaguely remember that... do you know who was...

    I vaguely remember that... do you know who was offering it?

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  15. Replies
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    I assume you mean that you can list all the...

    I assume you mean that you can list all the incidents, police involvement, interviews and so on but you cannot recall if you were arrested on all the occasions? In which case I would have thought it...
  16. Replies
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    It is not necessarily about telling them...

    It is not necessarily about telling them something they don't know. It is about demonstrating you have nothing to hide and therefore nothing that could be used as leverage over you.



    Sent from...
  17. Replies
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    2? I have several... A workstation in my...

    2? I have several...

    A workstation in my (home) office.
    A 15" laptop that I will cart to/from customer sites typically when working full days.
    A 13" laptop when it will suffice - short customer...
  18. Totally agree. Ltd ownership requires long term...

    Totally agree. Ltd ownership requires long term consideration, but then again so does investing in property unless simply as an accidental landlord whilst trying to sell a former home.

    Agree with...
  19. Just resurrecting this thread. Chimpmaster I...

    Just resurrecting this thread. Chimpmaster I pretty much agree with your points.

    My personal situation is that the proposed changes to lettings relief would cost me £80k [on paper] as two of my...
  20. Indeed, there are a ton of assumptions...

    Indeed, there are a ton of assumptions (consistent across all) and so many variables/unknowns that could change in future. I'm inclined to say the risk brought about by the complexity of putting the...
  21. Ok, some quick sums: MVL right now and then go...

    Ok, some quick sums:

    MVL right now and then go permie, meaning 40% or worse, I'd retain 74% over a 10 year horizon, including sale of the properties at that point. 76% if I don't sell.

    Putting...
  22. ... my sums lead me to believe that I'm better...

    ... my sums lead me to believe that I'm better off in the medium term with this option, but with the one obviously big downside... if I needed the cash urgently then that isn't a good place to be.
    ...
  23. I don't disagree with what you say, but I'm not...

    I don't disagree with what you say, but I'm not looking at comparing one against the other, but more looking at my situation holistically.

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  24. I've been playing with some numbers, and it is...

    I've been playing with some numbers, and it is still looking like an option. The initial transaction costs to put the properties in to company and get the cash out are less than tax I would pay via...
  25. Certainly an option, but a tiny market compared...

    Certainly an option, but a tiny market compared to general residential of course. You do occasionally see such advertised on Rightmove and I suspect if you were looking to build a property portfolio...
  26. Thanks. Most definitely, if the idea has legs...

    Thanks.
    Most definitely, if the idea has legs I'll be seeking expert advice.
    Exactly that... and actually it will be an issue, but a manageable one in comparison to now.
    Definitely - I have a...
  27. Sell existing rental properties to Ltd with large(ish) warchest - opinion please...

    I've read most of the threads on here around B2L/Ltd ownership, and just musing over the following approach and would appreciate people's opinions.

    Background:
    - I have a number of rental...
  28. I don't think the OP is coming back, but as I...

    I don't think the OP is coming back, but as I mentioned earlier I have seen that exact template, so I'm pretty sure I know where it is for.

    However it's for an "HR Interview" and AFAIK only for a...
  29. I know which bank that is for, and yes I...

    I know which bank that is for, and yes I understand the background checks will ask for evidence.
  30. Replies
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    It is in the context of it creating a brain drain...

    It is in the context of it creating a brain drain as good people leave for better paying roles and others get cut whether they like it or not.
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    Quite late to this thread, but it's a subject...

    Quite late to this thread, but it's a subject close to my heart and I definitely spend far too much time fine tweaking my various financial models!

    Me? Early 40's, no financial dependents, no...
  32. Replies
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    To paraphrase and hopefully make it a little more...

    To paraphrase and hopefully make it a little more readable, is your setup along the lines of:

    You have/had a contract with (are employed by) an Umbrella Company. Your employer has a contract to...
  33. As a biker, curious to know what bike you are...

    As a biker, curious to know what bike you are thinking of buying. Can't see it being anything other than taxed as plant (like a bike you use as a business tool) unless your business is restoring or...
  34. I jumped from £85k to £325/day, but that was...

    I jumped from £85k to £325/day, but that was nearly 20 years ago and it was a different world then. I also had the chance to take voluntary redundancy to take a few quid with me and had virtually...
  35. Replies
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    As has been said, I'd do it if I can first see...

    As has been said, I'd do it if I can first see the client (not you, the client) explaining what they are looking for.
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    That would normally be my approach, however some...

    That would normally be my approach, however some of the tech I could get my hands on in this role is quite interesting. The rest of the year off is equally appealing though!
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    Outside IR35 to Inside IR35 - Same Client

    Ladies and Gents,

    Your opinion/thoughts/advice and abuse is sought regarding a position I find myself in... I've been working with a private sector client for around 2.5 years, firmly in a...
  38. Hmm.. A warchest of something like £300k would...

    Hmm.. A warchest of something like £300k would see around £245k extracted versus £265k-£270kish via an MVL. If any risk can somehow be mitigated I can see the attraction if it sidesteps the 2 year...
  39. Can't see it being worthwhile in your position......

    Can't see it being worthwhile in your position... who is the "specialist company"?
  40. Replies
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    Great thread. I've read several of...

    Great thread.

    I've read several of ChimpMasters posts on this subject and often felt I could have written them myself.

    41. Effectively debt free and ignoring contract income a mix of drawing...
  41. Sounds fairly reasonable IMHO, including covering...

    Sounds fairly reasonable IMHO, including covering off all the prerequisites for a "cheap" MVL from one of the usual suspects.

    Unless your affairs are in incredibly good order then it would not be...
  42. Sounds like it, I'm in a similar position...

    Sounds like it, I'm in a similar position myself... the desire to avoid tax and use company funds is always strong but usually full of complexity, expense and risk. Raise some cash personally in the...
  43. Replies
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    Having said that, if you plan to continue...

    Having said that, if you plan to continue contracting, and can be tax efficient with your personal income, and you can get future roles, you will be better off.
  44. Replies
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    That's about my day rate, give or take. I...

    That's about my day rate, give or take. I wouldn't leave a £85k-ish plus bonus perm job to go contracting if you are doing it for the money.

    Why are you thinking of jumping?
  45. Replies
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    Yes... there are many, both for you personally...

    Yes... there are many, both for you personally and for your Ltd. What does your accountant say? Oh... ok.. what does NLUK say?

    My point being, if you are going it alone then great (I have done...
  46. Amazing coincidence but haven't looked at CUK all...

    Amazing coincidence but haven't looked at CUK all day, yet have just started documenting all this for myself today!
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    I don't have the first clue about the cross...

    I don't have the first clue about the cross border tax implications here, but what is it you are trying to achieve?

    If you were paying yourself say £1000/month, that is £6000. Surely the...
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    TLC35 or the more basic Tax Enquiry insurance. ...

    TLC35 or the more basic Tax Enquiry insurance. If you think there is any scope of an IR35 investigation then it would make sense to go with TLC35, which includes the basic cover.

    From personal...
  49. Replies
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    How much is in your company? What route has your...

    How much is in your company? What route has your accountant suggested for the closure.
  50. Replies
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    OP - perhaps if you allude to why are situation...

    OP - perhaps if you allude to why are situation isn't straightforward then somebody may be able to help.
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