Close, but no coconut. You are right 57% of £100 is better than 100% of nothing.I’ve never been able to get my head around this.
My rate is going down by X% and I’m not working for that pittance, so I’ll choose to have no income instead.
However, I'm in the fortunate position of having enough set aside to choose not to work.
If I start to draw down one of my pensions and live off my buy-to-let income rather than putting it in to pensions I will be £200 a week behind what the new IR35 take home is.
I've decided the level of BS and politics involved in the contract I was on is not worth £200 a week. (200/37 = £5.40 an hour)
I'm having the Summer off, if I hate my extra liesure time, or get bored I'll look around for something new. (I do not expect this to happen)
58 is three years later than I planned to retire but I don't see that as a failure (an expensive divorce upset the master plan).
Maybe Jason Statham should play me in the movie rather than Daniel Craig.