Hi all, I'm a British citizen living and working in Australia for the past 4 years looking for a bit of advice. A month ago I made the decision to return back to the UK in October and handed my notice in at my current employer, who are a 20 head-count agency based solely out of Sydney.
My Director is sad to see me go, so they have made a counter-offer for me to stay on with the company when I go back to the UK and basically oversee and develop a UK side to the business. They've been wanting to expand internationally and think that now would be a good time to give it a try. They've outlined what the new role would look like (a mix of some of my current AU duties, then more partnership and business development duties to grow a UK team) and we've had a bit of back and forth about salary and expectations and i'm pretty happy with where we're at.
The only thing they want to do a bit differently as they don't currently have a UK operation, is effectively pay me as if I was a contractor in the UK for the first few months whilst they/me get things set up.
They are still going to give me all the same rights as an AU company employee, so annual leave, sick leave etc but don't want to set up payroll until we've basically proven the concept and i've got the business operating at a level that we know warrants it - which I totally get.
Having never worked as a contractor before, I was hoping the fine folk of OCUK can offer some advice and guidance on what the best way to go about doing that is and any considerations I should be aware of in setting myself up in this way.
They have already said they will pay me what the pension contribution would be as extra on top of the salary so I won't be losing out there, but is there anything else i should be across? I assume there are going to be tax efficient ways of setting myself up and things which I should be claiming and not claiming etc?
My Director is sad to see me go, so they have made a counter-offer for me to stay on with the company when I go back to the UK and basically oversee and develop a UK side to the business. They've been wanting to expand internationally and think that now would be a good time to give it a try. They've outlined what the new role would look like (a mix of some of my current AU duties, then more partnership and business development duties to grow a UK team) and we've had a bit of back and forth about salary and expectations and i'm pretty happy with where we're at.
The only thing they want to do a bit differently as they don't currently have a UK operation, is effectively pay me as if I was a contractor in the UK for the first few months whilst they/me get things set up.
They are still going to give me all the same rights as an AU company employee, so annual leave, sick leave etc but don't want to set up payroll until we've basically proven the concept and i've got the business operating at a level that we know warrants it - which I totally get.
Having never worked as a contractor before, I was hoping the fine folk of OCUK can offer some advice and guidance on what the best way to go about doing that is and any considerations I should be aware of in setting myself up in this way.
They have already said they will pay me what the pension contribution would be as extra on top of the salary so I won't be losing out there, but is there anything else i should be across? I assume there are going to be tax efficient ways of setting myself up and things which I should be claiming and not claiming etc?