UK - Being Made Redundant and coming back as a Contrractor

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Backgound



I currently work in the Southcoast in the UK for my employer. They are shutting our site (my contracted place of work) and making the whole workforce redundant and moving the site to Oxford.



They are making us all redundant because they do not think it is reasonable to expect anyone to travel from Brighton to Oxford (which is fine).



Now under our 1-2-1 consultations, my work has asked to see if I can come back as a Contractor for a few months on a Project we have left, starting a month after we have left (I work in IT).



The new role will be based in their London Office and I can work from home some days.



So I can been investigating this, and obviously found things like:



  • IR35 and the many rules around being classed as an employee with said company.

  • Coming back to my current work place, I could be liable to pay tax on my redundancy if I'm not careful.

  • My role is being made redundant because my place of work is being shutdown. They are not replacing my role with any FT employees at the new site in Oxford.

Advice



Is there anything else I need to consider or be careful on here or advice people have? I haven't made a decision yet, because my redundancy package is really good (Well over statutory) and I have been at the company a while, so my redundancy payment is over £30,000 (the excess I'm putting into my pension), so in don't want to risk paying the tax on the £30,000.






software-industry contracting redundancy






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    Backgound



    I currently work in the Southcoast in the UK for my employer. They are shutting our site (my contracted place of work) and making the whole workforce redundant and moving the site to Oxford.



    They are making us all redundant because they do not think it is reasonable to expect anyone to travel from Brighton to Oxford (which is fine).



    Now under our 1-2-1 consultations, my work has asked to see if I can come back as a Contractor for a few months on a Project we have left, starting a month after we have left (I work in IT).



    The new role will be based in their London Office and I can work from home some days.



    So I can been investigating this, and obviously found things like:



    • IR35 and the many rules around being classed as an employee with said company.

    • Coming back to my current work place, I could be liable to pay tax on my redundancy if I'm not careful.

    • My role is being made redundant because my place of work is being shutdown. They are not replacing my role with any FT employees at the new site in Oxford.

    Advice



    Is there anything else I need to consider or be careful on here or advice people have? I haven't made a decision yet, because my redundancy package is really good (Well over statutory) and I have been at the company a while, so my redundancy payment is over £30,000 (the excess I'm putting into my pension), so in don't want to risk paying the tax on the £30,000.






    software-industry contracting redundancy






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      up vote
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      down vote

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      up vote
      0
      down vote

      favorite











      Backgound



      I currently work in the Southcoast in the UK for my employer. They are shutting our site (my contracted place of work) and making the whole workforce redundant and moving the site to Oxford.



      They are making us all redundant because they do not think it is reasonable to expect anyone to travel from Brighton to Oxford (which is fine).



      Now under our 1-2-1 consultations, my work has asked to see if I can come back as a Contractor for a few months on a Project we have left, starting a month after we have left (I work in IT).



      The new role will be based in their London Office and I can work from home some days.



      So I can been investigating this, and obviously found things like:



      • IR35 and the many rules around being classed as an employee with said company.

      • Coming back to my current work place, I could be liable to pay tax on my redundancy if I'm not careful.

      • My role is being made redundant because my place of work is being shutdown. They are not replacing my role with any FT employees at the new site in Oxford.

      Advice



      Is there anything else I need to consider or be careful on here or advice people have? I haven't made a decision yet, because my redundancy package is really good (Well over statutory) and I have been at the company a while, so my redundancy payment is over £30,000 (the excess I'm putting into my pension), so in don't want to risk paying the tax on the £30,000.






      software-industry contracting redundancy






      share













      Backgound



      I currently work in the Southcoast in the UK for my employer. They are shutting our site (my contracted place of work) and making the whole workforce redundant and moving the site to Oxford.



      They are making us all redundant because they do not think it is reasonable to expect anyone to travel from Brighton to Oxford (which is fine).



      Now under our 1-2-1 consultations, my work has asked to see if I can come back as a Contractor for a few months on a Project we have left, starting a month after we have left (I work in IT).



      The new role will be based in their London Office and I can work from home some days.



      So I can been investigating this, and obviously found things like:



      • IR35 and the many rules around being classed as an employee with said company.

      • Coming back to my current work place, I could be liable to pay tax on my redundancy if I'm not careful.

      • My role is being made redundant because my place of work is being shutdown. They are not replacing my role with any FT employees at the new site in Oxford.

      Advice



      Is there anything else I need to consider or be careful on here or advice people have? I haven't made a decision yet, because my redundancy package is really good (Well over statutory) and I have been at the company a while, so my redundancy payment is over £30,000 (the excess I'm putting into my pension), so in don't want to risk paying the tax on the £30,000.






      software-industry contracting redundancy




      software-industry contracting redundancy





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