Contractor Holiday Pay
Discussion
richyb said:
Unless its specified in your contract I don't think you have any entitlement. Surely this is why a lot of businesses use contracted staff compared to perm. Contracted for 8 years is a bit mean of your 'employer', why did they not take you on permanently?
8 years still makes me a newby here. Some contractors have been here 20 plus years.They don't like taking on permies as they can't get rid of them.
(Although that may be changing when we go back in house).
The_Burg said:
richyb said:
Unless its specified in your contract I don't think you have any entitlement. Surely this is why a lot of businesses use contracted staff compared to perm. Contracted for 8 years is a bit mean of your 'employer', why did they not take you on permanently?
8 years still makes me a newby here. Some contractors have been here 20 plus years.They don't like taking on permies as they can't get rid of them.
(Although that may be changing when we go back in house).
The_Burg said:
Eric Mc said:
Do you handle your tax affairs as being self-employed?
I use an umbrella company but in essence yes.When I was contracting before my current job (now permanent), my Umbrella Company held back some of my pay for me and this was listed on my payslip as holiday pay. I also accrued 1.66 days per month (can't remember the exact amount). If I were you, I would speak to my Umbrella company as they might be doing this already for you. If this is the case, ring them up, tell them you are taking some leave and ask them to release your money for you...quite simple really! 
bigandclever said:
VetteG said:
Surprised the OP hasnt fallen foul of IR35!
G
He's going through a brolly - he is, therefore, an employee of the brolly so IR35 is irrelevant.G
The next question is, how does the umbrella company sort out his tax and NI?
t if the tax man takes a look at your books. I hope you haven't been spendig your tax money
The law is very confusing on the position of contractors. Indeed, different branches of the law and legislation will define the position of a contractor in a different way to other branches of the law and legislation. The status of an individual can have a bearing on -
their tax position
their NI position
their basic employment rights
their cover under employer insurance
their position regarding employer health and safety regulations
their position regarding their employment rights
their tax position
their NI position
their basic employment rights
their cover under employer insurance
their position regarding employer health and safety regulations
their position regarding their employment rights
So the general consensus is i should shut up then.
TBH that was what i though, it was actually my bosses idea to mention it, particularly in light of yet again getting no rate increase. (Which as others have stated with the current market it's best to keep taking the money while it's there and not rock the boat).
To clarify a little, i have been working for the same company for 8 years but through various different agencies and outsourcing companies, in effect i have been just under 2 years to the current outsource.
TBH that was what i though, it was actually my bosses idea to mention it, particularly in light of yet again getting no rate increase. (Which as others have stated with the current market it's best to keep taking the money while it's there and not rock the boat).
To clarify a little, i have been working for the same company for 8 years but through various different agencies and outsourcing companies, in effect i have been just under 2 years to the current outsource.
The_Burg said:
So the general consensus is i should shut up then.
TBH that was what i though, it was actually my bosses idea to mention it, particularly in light of yet again getting no rate increase. (Which as others have stated with the current market it's best to keep taking the money while it's there and not rock the boat).
To clarify a little, i have been working for the same company for 8 years but through various different agencies and outsourcing companies, in effect i have been just under 2 years to the current outsource.
Sorry mate. Keep your head down and say nothing.TBH that was what i though, it was actually my bosses idea to mention it, particularly in light of yet again getting no rate increase. (Which as others have stated with the current market it's best to keep taking the money while it's there and not rock the boat).
To clarify a little, i have been working for the same company for 8 years but through various different agencies and outsourcing companies, in effect i have been just under 2 years to the current outsource.
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