Switching from Ltd to Umbrella

[Dan@OrangeGenie]

Hello

I am an IT contractor. Several years ago I used an umbrella company. That company was subject to the DOTAS scandal (whole other story), so I switched to Ltd company using Nixon Williams. There service has gone down the toilet lately. Also, I have never been very good at saving enough cash to pay the self assessment bill when it comes through.

I am thinking umbrella company may be better for me, but I obviously have concerns.

Assuming a day rate of £350, is there much difference in take home pay these days?

Finally, which umbrellas are the most respected at the moment?

When you say 'is there much difference in take home pay these days?' Are you referring to Ltd v Umb? if yes and you have been operating outside IR35, then yes a fair difference.

Re 'respected Umbrellas' its FCSA accreditation you want to look out for. This ensures the Umbrella company has been through rigorous checks that satisfy HMRC requirements.