Rousseau International - any opinions?

[Thejacka1]

I may have been referred to them, but I've been contacted by them over the past week.

I'm currently running my own Ltd Co and have been for 5 years.

Anyway, they sent me some bumpf claiming I keep 80% hassle-free as I become an employee of theirs, but it looks like they are another purveyor of open-ended loans, paying interest on them so they dion't accrue tax.

I told them I wasnt interested as the benefits over Ltd are very marginal and I get to sleep at night and dont have potential tax-bills hanging over my head.

[LisaContractorUmbrella]

I may have been referred to them, but I've been contacted by them over the past week.

I'm currently running my own Ltd Co and have been for 5 years.

Anyway, they sent me some bumpf claiming I keep 80% hassle-free as I become an employee of theirs, but it looks like they are another purveyor of open-ended loans, paying interest on them so they dion't accrue tax.

I told them I wasnt interested as the benefits over Ltd are very marginal and I get to sleep at night and dont have potential tax-bills hanging over my head.

And you were quite right to do so. Anyone thinking what a good idea this sounds should read all the stuff on this forum that will quite clearly explain otherwise

[Wanderer]

I may have been referred to them, but I've been contacted by them over the past week. Anyway, they sent me some bumpf claiming I keep 80% hassle-free

Unless you are a higher rate tax payer then you keep near enough to 80% legally don't you?

What's the attraction of these off shore schemes then.

[pastalista]

Unless you are a higher rate tax payer then you keep near enough to 80% legally don't you?

What's the attraction of these off shore schemes then.

I keep seeing statements on various parts of the boards saying people are getting 80% or even 82% "legitimately" out of their limited companies. I have searched to see if I can find out how this is being achieved but the only things that come up on the searches are "I am getting 82%" etc.

Is this being achieved by maxing out the low salary / dividend to high rate tax threshold / split income with 50% share holder to maximise the dividends at lower tax rate / drop shed loads into a company pension plan / have fairly high legitimate expenses? It would be great if someone would share how it is being achieved. If it is legitimate then it surely shouldn't be a problem to share?

If this is easily achievable then I would definitely say it isn't worth the risk for the extra 3 - 5% that the schemes offer.

Most of the people that I know are only keeping around 72 - 75% of their ltd co earning which is why I ask.

Thanks

Pastalista

[Wanderer]

Most of the people that I know are only keeping around 72 - 75% of their ltd co earning which is why I ask.

Looking at the calculators on the web, I think you are right and I've underestimated the amount of tax.

[jamesspratt]

Rousseau International Men of Mystery

Was really close to going with them but after reading this thread am now having second thoughts.

I find having a ltd co a real hassle and would rather not have to deal with any paperwork,spreadsheets,accountants,hmrc,corp tax,the whole nine yards. I just want to work and get paid a lot. Surely this is not too much to ask?

[LisaContractorUmbrella]

Was really close to going with them but after reading this thread am now having second thoughts.

I find having a ltd co a real hassle and would rather not have to deal with any paperwork,spreadsheets,accountants,hmrc,corp tax,the whole nine yards. I just want to work and get paid a lot. Surely this is not too much to ask?

What you need sir is a good umbrella company

[jamesspratt]

Umbrella-Ltd-

I've left an umbrella company 9 months ago to go Ltd as my day rate got upped and it seems to be a better option to take more home. I'm no accountant, no tax lawyer so keeping on top of it all has been an ongoing headache!

[Greg@CapitalCity]

True

Yep, working through your own company is not for everyone. It sounds like you really don't want to have to do ANYTHING other than work - an umbrella sounds perfect!

[LisaContractorUmbrella]

Yep, working through your own company is not for everyone. It sounds like you really don't want to have to do ANYTHING other than work - an umbrella sounds perfect!

Now there's a man after my own heart