Umbrella Vs LTD

[escapeUK]

I have my own opinions on running a Ltd and honestly can't see the benefits in terms of time, administration, accountancy and IR35 hassles, plus retention of profit for whatever legislation HMRC decide to hit you with because the wind has changed direction.

Really? How much NI do you pay? I pay none. When I was contracting via Parasol I was paying my own NI and the employers NI.

Which meant on say £30k I was paying £2700 employers NI and £2340. Thats £5040. My accountant does everything for £70 a month. I make that £4200 I'm saving. (These arent real figures for me, but are examples for the OP)

I would say, if you think you will be contracting for a while go Ltd. If you are trying it and not sure if you will stay a contractor or go back to permy then umbrella is fine.