So Many questions..

[ratewhore]

...or my own umbrella company.

You run a brolly? Must be loads of money in that. Good work...

[PhilD]

whoops.. misquote!!

its a shop that just sells umbrella's, though we're lookin to branch out into Macs and hats !!!!

[jh0711]

try the PCG Qu product for total piece of mind

Parasol are ok - Giant will try and sell your their composite option which will probably be illiegal in April at which point they will dump you on to their brolly or try to push you to limited.

use a brolly for first 12-18 months if after that you are going to continue contracting look at a ltd option.

[Cowboy Bob]

try the PCG Qu product for total piece of mind

Parasol are ok - Giant will try and sell your their composite option which will probably be illiegal in April at which point they will dump you on to their brolly or try to push you to limited.

use a brolly for first 12-18 months if after that you are going to continue contracting look at a ltd option.

The PCG QU product is totally overpriced for what it is. If you want the brolly option without going limited you may as well go PAYE direct from the agency, there's no point in paying for something that has no value.

[jh0711]

PAYE direct with the agency is a bad idea - normally the rate of pay drops (cos the agency have to cover the employers NI and Holiday pay costs) and you cannot claim any expenses

with a brolly you do end up covering your own employers NI but you can reduce that with the expenses.

spose the PCG (QU) weekly is a bit ott but the monthly charge is very competitive - £79.95 per month including free chaps and PCG membership.

[Cowboy Bob]

PAYE direct with the agency is a bad idea - normally the rate of pay drops (cos the agency have to cover the employers NI and Holiday pay costs) and you cannot claim any expenses

with a brolly you do end up covering your own employers NI but you can reduce that with the expenses.

spose the PCG (QU) weekly is a bit ott but the monthly charge is very competitive - £79.95 per month including free chaps and PCG membership.

Firstly, PCG membership is unnecessary if going PAYE as there are no IR35 issues. Secondly, as from April you will no longer be able to claim any expenses via a brolly anyway. Thirdly, employer's NI liability is the same for both options. So that's £80 per month down the drain for no good reason.

[jh0711]

from April you will be able to claim expenses through a brolly - trust me on this.

not going to give specifics but it is to do with the way the relationship between the brolly, contractor and agency is described........

re employers NI - becauase agencies just view it as a set amount on top of your rate of pay it does not take into account that actually some of your salary is employers NI free (and also after £600 quid ish the employers NI rate drops to 1%) so you do make out a little bit better being with a brolly but admittedly the difference is minimal.

[ASB]

and also after £600 quid ish the employers NI rate drops to 1%

???

Employees pay 1% above the UEL.

Employers still pay 12.8%.

http://www.hmrc.gov.uk/rates/nic.htm

[Ardesco]

No different to what you can claim through your own LTD Co. There is not reason to go brolly if you are expecting to be a long term contractor. Brolly is only a viable option if you are filling a couple of months between permie work.

[Cowboy Bob]

re employers NI - becauase agencies just view it as a set amount on top of your rate of pay it does not take into account that actually some of your salary is employers NI free (and also after £600 quid ish the employers NI rate drops to 1%)

OK, I'll give you that maybe, possibly, you might still be able to claim expenses after April - but what you've just written there is utter rubbish. There is no difference in employer's NI contributions between brolly, PAYE or even Ltd.

So effectively what you're saying is that if the wind blows correctly and after April you can still claim expenses, that by joining the PCG QU scheme you can pay £80 per month for the privilege of being able to claim expenses. Sounds like a good deal to me