Quote:
Originally Posted by dude69
The hefty fee you have paid to your scheme administrator.
That fee which has done you no good at all if HMRC come knocking.
If you 'earn' £100k and pay 15% fees, that's £15k gone forever.
If HMRC come after you for tax, you're going to have to pay not only the tax, but you're also out your £15k
The vast majority of the money paid by these schemes is indeed 'gone', as it does not offset UK taxation which you might be found to be liable for.
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montpelier fees are 10% - I also pay about £5k in tax/NI.
even if MTM lose the overall payout will be less than IR35. Admittedly I could do better than IR35 with a limited - MTM is a risk.