80% retirement
"Reentrant" wrote in message
...
I've accepted redundancy but my about-to-be-former employer wants me to
work part-time under contract on a self-employed, sole-trader basis (ie
not as a ltd company)
1) They've offered me a rate of about double what my salary was - is that
about right to compensate for no holiday, sick pay, pension, NIC etc?
2) They don't mind if I work one day a week or one week a month. Is one or
the other better for NIC purposes?
Not sure HMRC would let me register as self-employed for one week a month
and deregister for 3 weeks to avoid 3 x Class 2 payments. I already have
enough NIC years for a full pension.
--
Reentrant
1. 100% uplift in usually more than enough. 50% is about "par".
2. Makes no difference. NIC2 applies anyway (unless you are granted
exception), and NIC4 is based on full tax-year.
Your big problem is whether you would qualify (in HMRC's view) as self
employed - and at first sight I very much doubt it. Sounds much more like a
zero hours contract, and this would not remove the liability from your
employer for holidays, SSP, Class 1 NIC etc.
--
Martin
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