Ecron Management Services

[cojak]

That only applies to loans as it is called the “LOAN CHARGE but what they provide isn’t a loan, it’s an annuity with no dept. The consultants said that our pensions are technically called annuities too so it’s like paying into your pension which is covered by a “bear trust” unlike the offshore loan stuff affected by next year and outlawed years back. You can’t call every solution a loan if that’s not what they’re offering.

What are you paying in tax on your income with this ‘solution’? If it isn’t at least 25% to HMRC (not these providers) then you WILL get caught and HMRC will charge you the maximum they can get away with - 40% as a minimum, all in one go!

Really, if you are that gullible, go ahead but DO NOT try to convince us that it’s legit, just to salve your own conscience.

I no longer point and laugh at those in the HMRC Scheme Enquiries forum, but the suckers still thinking it’s a good idea are another matter.

[cojak]

And the only reason that these providers are encouraging you to use your own Ltd within these ‘solutions’?

To hide the fact from agencies that you’re using a dodgy scheme.

Agencies will refuse to use you or them if they see this kind of thing at the beginning of a contract.

In fact it will make matters worse for you as HMRC will expect you to pay Employer’s NI on top of the tax and Employee’s NI.

Thread closed.