Hi all
Has anyone had any experience of using an overseas firm (i.e Isle of Man)that essentially sets up a trust for you as a contractor? It keeps a retainer for you that is liable for tax and NI but any money paid to you via the trust are not retainable.
I do not fully understand the details of this and as a first time contractor I was heading down the route of going with an umbrella company.
On that note does anyone have any uptodate opinion on Orangegenie? I have searched all the stickies and found both positive and negative comments about them. Does anyone currently use them who is happy with their service?
Many thanks in advance.
Has anyone had any experience of using an overseas firm (i.e Isle of Man)that essentially sets up a trust for you as a contractor? It keeps a retainer for you that is liable for tax and NI but any money paid to you via the trust are not retainable.
I do not fully understand the details of this and as a first time contractor I was heading down the route of going with an umbrella company.
On that note does anyone have any uptodate opinion on Orangegenie? I have searched all the stickies and found both positive and negative comments about them. Does anyone currently use them who is happy with their service?
Many thanks in advance.
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