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50% seems very low, I have worked with umbrella companies before and i have come out wtrh around 85% of my gross income.
There are benefits of having your own limited company tho, one of my friends works with Danbro ltd, an accountancy company. They seem relaible and set up is quick and easy.
Let me guess, you work for this company that you name at every turn?
85% retention is unlikely unless you're using an esoteric tax planning scheme that will get shot down or your expenses are wildly high.
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