What incentive is there for umbrellas to chase payment
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  1. #11

    Nervous Newbie


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    Quote Originally Posted by TheFaQQer View Post
    Are you implying that their umbrella isn't compliant?

    There's no way I'd want to square off against Lucy. I'm just a poor Southern payroller freshly arrived on the forum, she'd destroy me

    To be fair, Lucy is absolutely right. I've never thought about it in the terminology of a "Bonus" as the split of NLW / other income was there to ensure expenses didn't take contractors below minimum wage and indicate what remaining value could have been claimed as expenses (if they were accrued of course).

    Contractually, if it's down as a bonus then theoretically the Umbrella company might be able to withhold it, but really I don't see it happening. It's in their interest to get you paid (and charged) and to get the money from the client.

  2. #12

    More time posting than coding

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    Quote Originally Posted by Numbermill View Post
    There's no way I'd want to square off against Lucy. I'm just a poor Southern payroller freshly arrived on the forum, she'd destroy me

    To be fair, Lucy is absolutely right. I've never thought about it in the terminology of a "Bonus" as the split of NLW / other income was there to ensure expenses didn't take contractors below minimum wage and indicate what remaining value could have been claimed as expenses (if they were accrued of course).

    Contractually, if it's down as a bonus then theoretically the Umbrella company might be able to withhold it, but really I don't see it happening. It's in their interest to get you paid (and charged) and to get the money from the client.
    Just a dear old brummie living down south not that scary, honest!

    The payment split also looks at holiday pay too - if operating holiday pay as per the EU Working Time Directive (not rolled up ), this means that the minimum is taken per pay period for the holiday pot. If we were taking holiday pay at most of our contractors contract rate, they would be seriously miffed.
    Just watching what I say

    We now offer Ltd too, so if you need a company that you can switch between Ltd & Umbrella, just shout!

    Connect with me on LinkedIn

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