Danbro - cracking pension/childcare scheme
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  1. #21

    Ddraig Goch


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    Quote Originally Posted by lucycontractorumbrella View Post
    OK let me explain... the employers NI is a reverse calculation based on taxable earnings for the contractor and not the day rate, therefore anything contributed to via salary sacrifice is reducing the taxable salary and therefore reduces the Employers NI, as such will take into account the pension and childcare vouchers.

    Should be the same theory with any umbrella salary sacrifice pension.
    But they don't all do it. Sterling will only do the minimum as required by law - 1% or something. Some umbrellas offer childcare schemes some don't.
    Rhyddid i lofnod psychocandy!!!!

  2. #22

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  3. #23
    eek
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    Quote Originally Posted by psychocandy View Post
    More than a few quid. OK so I want to stick 400 a week into my pension say.

    If I went with Sterling, it'd amount to about 25 if I did it via them - because they only do the minimum. The rest (375) would have to be an AVC. So saving 40% admitedly = 150.

    If the whole 400 goes as salary sactifice then it works out saving about 50% - so 200 saved in tax/NI.

    Better than a poke in the eye.
    I wasn't talking about using an umbrella - heck that bit is easy you just call up Lucy and sign up for the clueful umbrella who posts on here.

    I was talking about your attempts to solve your problems using paystream or other options. Equally I have to ask why you are keeping your company going if you are going to spend the next 6 months / years working inside IR35... You are just creating work and costs for yourself....
    merely at clientco for the entertainment

  4. #24

    More time posting than coding

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    Quote Originally Posted by eek View Post
    I wasn't talking about using an umbrella - heck that bit is easy you just call up Lucy and sign up for the clueful umbrella who posts on here.
    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!

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  5. #25

    Ddraig Goch


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    Quote Originally Posted by eek View Post
    I wasn't talking about using an umbrella - heck that bit is easy you just call up Lucy and sign up for the clueful umbrella who posts on here.

    I was talking about your attempts to solve your problems using paystream or other options. Equally I have to ask why you are keeping your company going if you are going to spend the next 6 months / years working inside IR35... You are just creating work and costs for yourself....
    Closing down the company is an option Im looking at. Im in this contract now until jan 2018 maybe longer. At the moment, accountant is charging half monthly only.
    Rhyddid i lofnod psychocandy!!!!

  6. #26

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    Quote Originally Posted by psychocandy View Post
    Closing down the company is an option Im looking at. Im in this contract now until jan 2018 maybe longer. At the moment, accountant is charging half monthly only.
    Feel to asks us any questions or blog your progress throughout the whole process.
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