Suspicious Umbrella company
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  1. #1

    Nervous Newbie


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    Default Suspicious Umbrella company

    Hi

    This is my first post, and what's brought me here is a suspicion of my umbrella company doing the dirty on me!

    I wish I could post a screenshot of my payslip (if there's a way let me know so it makes what I'll try to explain more clearer)

    The umbrella is PAYERISE. I work for DayWebster which they say more than half there clients use this umbrella and have never had problems. The agency get NHS contracts in public and private sector.

    I make a day rate of 135 (5 days a week)

    The umbrella pays me a low pay and some holiday pay straight out which for this example let's say is 300 per week. I then get deducted the income tax and NI from there

    I then get a "business income" which bumps my pay up to 484 a week (which is my final salary)

    at the bottom I have some deductions but which states (just an example)

    Employer NI 25
    Unbrellla fee 10
    Expenses and tax 125

    What nakes ne suspicious is this expenses and taxes. So I rang PAYERSIE and here is there excuse

    "This is an amount we keep in a pot that we then pay in January for your income tax and this allows you to have a little bit more higher take home pay" something along those lines. Not word for word

    Can someone shed light on this? and what do you suggest I do?

    Also I usually ask to get paid on the last Friday of the month (usually four weeks) and if I get paid weekly my take home is 484 but if I do four weekly (WITH JUST ONE FEE OF 10... NOT 40) it equal 4x 484 (instead of making an extra 30 over those four weeks)

    so I feel like the umbrella company will just make sure my pay is 484 and "pockets" the money they don't declare or take from me saving on fees

  2. #2

    Banned


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    Default

    Looks dodgy af. Quick check on umbrella calc says your net should be around 460

  3. #3

    More time posting than coding

    lucycontractorumbrella's Avatar
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    Default

    Take a look at this thread - may be insightful for you.

    http://forums.contractoruk.com/umbre...ayerise-2.html

    Then maybe rethink your choice of brolly
    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

  4. #4

    More time posting than coding

    lucycontractorumbrella's Avatar
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    Default

    Quote Originally Posted by conahboys View Post
    Hi

    at the bottom I have some deductions but which states (just an example)

    Employer NI 25
    Unbrellla fee 10
    Expenses and tax 125

    What nakes ne suspicious is this expenses and taxes. So I rang PAYERSIE and here is there excuse

    "This is an amount we keep in a pot that we then pay in January for your income tax and this allows you to have a little bit more higher take home pay" something along those lines. Not word for word
    Also - if they are still allowing expenses for tax relief purposes then that's the first issue - and HMRC may come after you for the personal tax relief you have received.

    As for tax payments to HMRC any compliant brolly will be making these payment every single month.

    Quote from .gov site for your reference:

    "You must pay your PAYE bill to HM Revenue and Customs (HMRC) by:

    the 22nd of the next tax month if you pay monthly
    the 22nd after the end of the quarter if you pay quarterly - for example, 22 July for the 6 April to 5 July quarter

    If you pay by cheque through the post the deadline is the 19th of the month."
    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

  5. #5

    Still gathering requirements...


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    My advice would be to run a mile! The basic rule is that there is simply no legitimate way of enhancing contractor take home pay. Companies which market solutions to do so should be strictly avoided.

  6. #6

    Fingers like lightning

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    If there is any doubt, there is no doubt.

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