Software developer contractor

This will be your downfall. You can never start early enough to have a pension even if it is just a stakeholder one. As a contractor, that's the least you should be paying into. The average retirement age is already now 67. :(

I have a close friend who has no pension, in fact, he has no provision for his family at all. His father / mother were the same relying on poor property based decisions to see themselves survive through retirement. This is not how to live.

Pensions are a rip off and wont be enough to live on.
 
Starting my first contract either on the 21st or up to 4 weeks from yesterday, depending on how fast I can get out of my current job (leaving the Army).

I have my ltd company set up, I'm VAT registered, I have a business account etc. I was going to take the liability insurance just before I start.

My question:

Get an accountant now, or wait till I know the start date? I'm going with SJD.

im going http://www.sjdaccountancy.com/ too.

Yes u can get an accountant now. where did u create your ltd?
 
Well it has been know for a while how pensions are a rip off and cant live on them. Now unless its changed or is different when using a company pension then i am all ears
 
Seriously? You're even more deluded than I first thought. You need a pension, full stop. Property is now unreliable. It's better to have many pots or one very good large one. I've worked for the last 4 years on a AVC scheme which is matched by my employer. Within that time, my pension pot is already over £50k. Nowhere near enough to live on at retirement, but then I have another 25-30 years of work left. I also have two stakeholder pensions which I've had running for the last 10 years. Then there's the ever awesome state pension :p

hold your horses man lol ok sir i will get pension
 
Sorry but this is wrong, dividend issue frequency has nothing to do with IR35 what so ever. There is nothing in law that prevents a company paying dividends when ever it wants or how much so long as the dividends are out of retained profits after all deductions.

What is important is to understand what IR35 actually means and ensure that your working practices means you aren't caught by IR35 which can be tough as clients don't necessarily understand nor care about IR35 and try to treat you like an employee.

Just dont go to any company events and take out a pension/child/health care from them and your golden :)
 
Im guessing that you are joking, but if you aren't then there is a hell of a lot more to it than that.

of course i am but the general summary of IR35 is to simply prove that you are a business offering a service, not a employee.

things that i have mentioned does help.
 
Is it actually cheapper to employ a contractor then a perm?

i had a recruiter calling me trying to talk me down for these reasons:

Rate i want is ambitious(even though a few mates of mines earn that rate or more)

Too many contractors in the IT industry thus more competition and rates getting lower.

Perm roles are cheaper for the company then contract roles so they dont hire contractors anymore

9/10 other recruiters who offer the rate am after are telling a lie..
 
Guess I was just making an assumption based on talking to contractors and a recruiter that I know, who have said they make more money overall if they place permanent employees.

makes sense a bit.

Dunno if u can even believe some of these recruiters. half of the jobs i have been in i have applied to them directly without an agent/got mates who work there who have hooked me up
 
Set up my accountant yesterday, and all details sent off for IR35 review etc.

I've been offered two contracts, one which I'm taking, the other I declined. Neither had a face to face interview, with one I was offered the job within an hour of the phone interview. The other was the next day.

wow that is very cool! Good luck mate
 
As a software developer contractor, do some of u guys use your own work laptop to work for a client or use the clients computer?

Does any of u work from home?
 
This is how I first got in to it. Was working for a company that sub contracted me out to another company. I started contracted for that company directly (while I was looking for another contract as I knew I was covering until the found someone). I doubled my salary then.

I'm fortunate in one respect as, if I am off long term sick my agency pays me 80% pay for 3yrs :P Which is pretty sweet I have to say. They also put in to a pension pot for me (they have to by Swiss Law) as do I, which I can take as 50% lump sum when I leave (used to be 100% lump but people would take it and spend it instantly, so Swiss changed it) and take the rest at pension time. I did have to move from the UK to Switzerland though, as did my partner and 2 boys, so it's a massive uproot for everyone. I also have it quite lucky that although I'm qualified to do my job, they're always looking at new tech etc. which means I learn (which was a downside in going contract, lack of learning) and they're willing to train me as well if they get more out of me. Which is great.


So many people told me I was stupid for "taking the risk" but why? If it didn't work out, I'd come back, or go somewhere else. No perm job is actually permanent anyway. Roll the dice.

Yea if contract does not work out,its not as if u cant go back to perm lol.

i have seen plenty of contractors going to perm and vice versa.
 
Can all of this be done easily on your own to save a few quid?


· Incorporation of your limited company

· Assistance with opening a business bank account

· Vat and PAYE registration
 
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