Originally posted by psychocandy
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Basic question on contractor pay rates and tax
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Originally posted by psychocandy View PostIgnore ALL of what this poster says. Hes got a small willy and thinks he knows it all.
The OP needs to ask the agent questions to check what type of contract s/he has.
Then and only then will s/he be able to work out the parts that are true, the parts that are half true and the parts that are damn lies.
The ratio this is depends on how you question them and your own knowledge."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by Liver View PostI think most of the replies agree I need to do more homework on the options I have before signing the contract and that's what I am doing.
Thanks for the advice and to be honest I don't think what Hays offered was anything sinister or misleading, they are just 'acting' between me and the Client and mentioned about the different pay types I can get and its up to me to do more research.
SueEllen - thanks for advice and yes they did offer me a list of umbrella companies but also said its all upto me.
What confused me was the 2 rates they gave me, premium and basic and I think when I contact umbrella I should be using the Premium rate (13% higher)
It may be that you are entitled to tax relief on some of your expenses but there are no guarantees as it depends on your circumstances and it is highly likely that they would only be allowable until April next year anyway. Hays have a closed PSL which means that you will have no choice in the umbrella company you use - it must be one of those on their preferred suppliers list.
Look very carefully at the options that you have available to you before making a decision to accept the contract i.e. read the small printComment
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Originally posted by SueEllen View PostActually your comment was particularly unhelpful.
The OP needs to ask the agent questions to check what type of contract s/he has.
Then and only then will s/he be able to work out the parts that are true, the parts that are half true and the parts that are damn lies.
The ratio this is depends on how you question them and your own knowledge.
I wonder why that is?Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by psychocandy View PostRight so NLUK starts off with a similar comment about me but you choose to pick up on my comment.
I wonder why that is?Comment
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Originally posted by psychocandy View PostRight so NLUK starts off with a similar comment about me but you choose to pick up on my comment.
I wonder why that is?Ignore anything Hays say to you. It will be a lie.
Agents lie like all sales people but within their lies an amount of what they say is the truth."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostAgents lie like all sales people but within their lies an amount of what they say is the truth.Comment
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