Is this how it normally works? Never looked in to it before so I don't really have a scooby about the mechanics of these schemes but I was rather disappointed to receive a spam marketing mail from contractjobs telling me I could retain 90% of my contract value. Bit of mistake on contractjobs part for allowing this IMO so won't be looking at that site again. Thinking about it I never did so wonder where they got my mail but anyway....
For some reason I decide to look at this offerings website and found the did an Employed Contractor Plan which says the following....
This strikes me as a bit odd as you have to be an employee of the Umbrella would make it even harder to meet that figure? Is this how the other schemes work?
Oh hang on, the next line says "IR35 compliant" so it must be fine... umm but wait, doesn't being an employee me IR35 doesn't even factor???
For some reason I decide to look at this offerings website and found the did an Employed Contractor Plan which says the following....
Our Employed Contractor Plan is designed for the agency contractor market, becoming an employee of our UK based Umbrella Company, our clients have access not only to the usual simplicity of contracting afforded by using an Umbrella Company, but also to the advantages of our tax efficient solutions for generating high rates of return, our clients often receive 85-90% of their invoice value. For those in the contracting market seeking a higher rate of return than the circa 60-65% usually received operating through an Umbrella, while avoiding the added expense and administrative burden of running your own Limited Company, while conforming to contractor IR35 legislation, our Employed Contractor plan is tailor made.
Oh hang on, the next line says "IR35 compliant" so it must be fine... umm but wait, doesn't being an employee me IR35 doesn't even factor???
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