Resign from Umbrella

**Apox21** · 15 May 2013, 18:34

Absolutely, give them notice asap. You'll just need to set up ltd company then get client/agency to set up new contract between them and limited company for remaining 4 months. Happens all the time.

**oscarose** · 15 May 2013, 18:40

Yes.

Good luck.

**mudskipper** · 15 May 2013, 19:36

Originally posted by kleo112233 View Post

I've realised that my umbrella has been robbing me blind and the take home pay I get is beyond what I expected. Thus, I've decided I'd rather go limited. So, my question is: can I resign from the umbrella halfway through my assignment (contract) which terminates in four months time and switch to limited?

Thanks!!!

I doubt they're 'robbing you blind' - did you not read and understand the fee structure before signing up?

If it's coming as a surprise, are you sure you're up for the additional admin and attention to detail of a limited?

You may also find that, if you have only one engagement with the umbrella, your expenses become invalid. Make sure you understand the pros and cons before you jump from frying pan to fire.

**LisaContractorUmbrella** · 16 May 2013, 06:52

Originally posted by kleo112233 View Post

I've realised that my umbrella has been robbing me blind and the take home pay I get is beyond what I expected. Thus, I've decided I'd rather go limited. So, my question is: can I resign from the umbrella halfway through my assignment (contract) which terminates in four months time and switch to limited?

Thanks!!!

Could you be a bit more specific about 'robbing you blind'? An umbrella company should pay you through PAYE - in exactly the same way as you will be obliged to pay yourself through your own Ltd Co if your working practices put you inside IR35. As Mudskipper says - are you sure you fully understand the implications?

**Meera @ K&B Accountancy** · 21 May 2013, 15:12

Limited Company

Hi

You could still set up a limited company and operate within IR35 but 95% of your income is taxed under PAYE. There could be still be benefits due to flat rate VAT, however there would also be additional admin responsibilities unlike umbrella.

Your IR35 status is basically the most important factor to consider if you are thinking of trading via a limited company.

**Anonimouse** · 9 September 2013, 16:12

I was forced to work for an umbrella recently who provided a projection, but when i started I received 175 LESS per week, on querying this i was told i had been put on a 'special' contract on the request of my agency, my agency knew nothing about this. also their charges were much higher than I was led to believe.

i was certainly robbed especially as they refused to allow any expenses for the 1st week

**LisaContractorUmbrella** · 26 September 2013, 08:28

Originally posted by Anonimouse View Post

I was forced to work for an umbrella recently who provided a projection, but when i started I received 175 LESS per week, on querying this i was told i had been put on a 'special' contract on the request of my agency, my agency knew nothing about this. also their charges were much higher than I was led to believe.

i was certainly robbed especially as they refused to allow any expenses for the 1st week

What was 'special' about the contract - did they tell you??

**Anonimouse** · 26 September 2013, 17:09

Some Swedish work time contract, which nobody but them has ever heard of, the agency certainly didn't request it.

I asked several times for an explanation but didn't understand a word.

I have had the joy of completing a p87 to try to get the money back.

**cojak** · 26 September 2013, 17:15

Originally posted by Anonimouse View Post

Some Swedish work time contract, which nobody but them has ever heard of, the agency certainly didn't request it.

I asked several times for an explanation but didn't understand a word.

I have had the joy of completing a p87 to try to get the money back.

Really??? You've never heard of Swedish Derogation?

Comparative employee and Swedish Derogation - Acas Mobile

Resign from Umbrella