Work ‘inside’ and ‘outside’ with IR35 Switch

Work ‘inside’ and ‘outside’ with IR35 Switch

Mar 11, 2021

Workwell News

IR35 Switch
The easy way to take on ‘inside’ and ‘outside’ contracts in the same year.

If IR35 reforms place you ‘inside’ IR35, don’t worry, you don’t have to close your PSC!

Keep working on a mixture of ‘inside’ and ‘outside’ contracts with our IR35 Switch service and move seamlessly between your limited company and Workwell Umbrella. You’ll be fully compliant AND we’ll ensure you receive the best possible take-home pay.

Confused about what to do if you’re affected by IR35 reforms? Take a look at this simple infographic which will show you the best option depending on your circumstances.

How IR35 Switch works

When you’re issued an ‘inside’ IR35 status that can’t be amended, you can ‘rest’ your PSC, pausing your operations while you work through
Workwell Umbrella. We’ll continue to manage your PSC accounts in the background, submitting your payroll (RTI) and VAT returns, as appropriate.

When you’re working on an ‘inside’ contract and being paid through Workwell Umbrella, you’ll receive your payslip from us and we’ll pay your take-home pay straight into your personal bank account (rather than your PSC), minus statutory deductions for things like tax and National Insurance.

Click here for a tailored pay illustration for ‘inside’ contracts through Workwell Umbrella.

When your ‘inside’ contract ends, simply contact us and switch back to working through your PSC on an ‘outside’ contract, paying yourself a mixture of salary and dividends, as usual. If you’re ever working on ‘inside’ and ‘outside’ contracts at the same time, that’s not a problem, we’ll take care of all aspects of compliance for you.

Why choose IR35 Switch?

  • Unlimited switching between ‘inside’ and ‘outside’ contracts
  • Keep your limited company and get Umbrella for free
  • Fixed-fee plan with no surprise costs
  • Compliantly maximise your take-home pay throughout the year
  • A tax-efficient way to work
  • Keep all your earnings in one place
  • Bring your SIPP or private pension with you
  • Advice and support from IR35 industry experts
  • IPSE partner and FCSA-accredited
  • Wide-ranging employee benefits
  • Access to our exclusive rewards programme.

 

To find out more about IR35 Switch, click here, or get tailored advice from one of our experts on 01923 910509.

Suggested Reads

Work ‘inside’ and ‘outside’ with IR35 Switch

Workwell Highly Commended at IPSE Awards

Nov 24, 2022 | Workwell News

We are delighted to announce we were ‘highly commended’ at the IPSE Freelancer Awards 2022. Katy Carlisle, winner of the best supplier category, surprised us as she went up to…

Read more
Work ‘inside’ and ‘outside’ with IR35 Switch

How do you know if your Umbrella company is compliant?

Nov 8, 2022 | Workwell News

Umbrella companies play an essential part in the utilisation of temporary labour in the UK. They provide a platform for workers to easily and simply move from one temporary contract…

Read more
Work ‘inside’ and ‘outside’ with IR35 Switch

Global tax compliance – reducing your risk

Nov 1, 2022 | Workwell News

Across the globe, tax authorities are closing in on those suspected of breaking internal tax and finance regulations, writes 6CATSPRO, our international compliance consulting arm. While most global organisations will…

Read more