New to Contracting: Best Umbrella Company to use

[LisaContractorUmbrella]

Hi guys,

I'm taking the leap into Contracting soon, and would like to know the best Umbrella Company to use. I'm not going down the limited route as I'm a simple man, and hate any kind of paperwork and headaches!

All I'm looking for is a simple, straight down the line solution. I invoice X amount and X amount gets paid back to me. Obviously I'd like the highest percentage possible but I'm not looking for any dodgy schemes or any loan type agreements that have me looking over my shoulder for the rest of my life.

If anyone has any recommendations, I'd greatly appreciate it. Like I said, a simple, effective solution from a refutable company that is HMRC compliant and doesn't try to cut corners.

Thanks...

At the end of the day the only differences between PAYE umbrella companies will be the margin that they retain and their levels of service - everything else is dictated by HMR&C i.e. income tax rates, NI rates and what costs can legitimately be claimed as expenses.

HTH

[northernladuk]

You're very welcome. Awwwww look, I've started a love-in

I believe I can put that on my expenses as well! Bargain.

[Clare@InTouch]

I believe I can put that on my expenses as well! Bargain.

Absolutely, but I've no idea how you'd value it

[LisaContractorUmbrella]

The kind of love you get on here is just priceless

[david909]

I have set up a few umbrella companies in the past and I used planit-solutions.co.uk

Generally good value and HMRC compliant

[Waldorf]

I have set up a few umbrella companies in the past and I used planit-solutions.co.uk

Generally good value and HMRC compliant

What does HMRC compliant mean?

[northernladuk]

I have set up a few umbrella companies in the past and I used planit-solutions.co.uk

Generally good value and HMRC compliant

You have set up Umbrella companies????

[LisaContractorUmbrella]

What does HMRC compliant mean?

All it means is that the umbrella company complies with current tax legislation and HMR&C requirements which may be based in tax law or employment law e.g. an overarching contract of employment. Much as we would love HMR&C to approve individual umbrella companies through audit unfortunately it doesn't happen - they're probably all too busy checking out the comedy club

[rhys1927]

I used Nasa umbrella in bristol for two years. never once did i have an issue. charged me £9.99 a week and never paid me late once.

pm me if you want more details

Mod note: you don't have privileges rhys and I'm sure that readers can contact them if they're interested...

[Wary]

I used Nasa umbrella in bristol for two years. never once did i have an issue. charged me £9.99 a week and never paid me late once.

pm me if you want more details

Mod note: you don't have privileges rhys and I'm sure that readers can contact them if they're interested...

I've also used Nasa and will give them the big thumbs up. Payments were always prompt and there was not any issue with additional & underhand "employment costs" being deducted. They just charged the flat £9.99 weekly, plus £10 for each monthly pension payment ... and no hidden extras.