Originally posted by northernladuk
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Danbro - cracking pension/childcare scheme
Collapse
X
-
-
Originally posted by psychocandy View Post...
6. The rate was upped by 30% to accommodate. ...
Just got to keep an eye on when I will hit the 40k limit so start to get taxed heavily, and see if worth renewing (if offered) or using warchest to find 'a proper contract'.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
-
-
Keep an eye on Danbro. I have no idea what their brolly is like, but as contractor accountants they were 100% useless when I used them. And I mean, truly awful.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Originally posted by Fred Bloggs View PostKeep an eye on Danbro. I have no idea what their brolly is like, but as contractor accountants they were 100% useless when I used them. And I mean, truly awful.Comment
-
Originally posted by northernladuk View PostA bit? F me... I hate to see you struggling with something that's a real PITA.Comment
-
Originally posted by lucycontractorumbrella View PostAnd here's me thinking we made it easier for contractors than operating their own Ltd company
Psychocandy trying to save a few pence is a perfect example of that....merely at clientco for the entertainmentComment
-
Originally posted by psychocandy View PostDanbro let you treat all pension contributions as employer contribs. So you're saving ALL the NI (inc employer NI I think?). Same with childcare vouchers - but limit is £28 per week assuming you're higher rate tax payer.
Should be the same theory with any umbrella salary sacrifice pension.Comment
-
Originally posted by lucycontractorumbrella View PostAnd here's me thinking we made it easier for contractors than operating their own Ltd companyRhyddid i lofnod psychocandy!!!!Comment
-
Originally posted by eek View PostSome people will find a way to make anything 100x more complex than it needs to be simply because they can't comprehend why things work the way they do...
Psychocandy trying to save a few pence is a perfect example of that....
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.Rhyddid i lofnod psychocandy!!!!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment