Feel like agency is tricking me..........not a good start to IR35....

[ContractorsSpouse]

wow okay, so this is a proper internet forum.


....maybe you cannot read forum posts properly.

Methinks that calculator is for permanent employees rather than contractors, which is why there's no ErNIC.

[jamesbrown]

It's wrong anyway. Where's the ErNICs...?

I think the OP stated this as their "target", i.e. the PAYE amount. Unfortunately, the umbrella amount will be somewhat less after employer NICs and umbrella fees, depending on expenses (but you'll need more than one contract in that case).

To the OP, try this:

Umbrella Company PAYE Calculator | Contractor Umbrella

[LisaContractorUmbrella]

...maybe you cannot write forum posts properly.

Compare what you wrote, compare the screenshot.

Then go speak to LisaContractorUmbrella about using an umbrella.

You must spread some Reputation around before giving it to TheFaQQer again.

[LisaContractorUmbrella]

It's wrong anyway. Where's the ErNICs...?



As we have already said...

I love you guys

[quackhandle]

surely the safer thing to do is to opt out? i guess its been made clear that the regs don't even matter regarding IR35, but then why in the other forum thread has someone said this:

'What the canny player will do is say, OK, I'll opt out but I want these changes in my contract to get me away from IR35.'

I smell pimp here.

qh

[malvolio]

I smell pimp here.

qh

Opting out means less cost and risk to the agency, which is why they use FUD to persuade you to do it. The smart move is to say "OK, but in return I want these clauses to say xxxx".

Deep, isn't it...

[mudskipper]

I guess that is why this poster is on £140 a day lol....

I think that's a little harsh - OP has been dropped in the deep end.

The point that OP has missed is that, as a contractor, he has to pay both Employer and Employee NIs, so he will be worse off than if on the same 'perm' salary - even before you take into account no holiday pay / sick pay / employer pension contributions / other permie benefits.

If he believes he's outside IR35 (which doesn't sound probable) he can reduce the NI aspect by taking his money as a combination of salary and dividends.

If he's inside IR35, then unless he particularly wants to run his own company, he'll probably be as well going brolly (other umbrellas are also available )

However, it sounds like he has already incorporated. Not sure what the costs are for winding up a company he's never used?

[mudskipper]

Here you go - this compares £140 per day outside and inside

[northernladuk]

I think that's a little harsh - OP has been dropped in the deep end.

I meant because the OP is ready to sling it without reading their own post properly and had it served back to them on a plate....

Touchy aint we?

[mosaslop]

Here you go - this compares £140 per day outside and inside

Right - and this is the result i've had using other calculators, but it makes zero sense.
I've made a query with a few umbrella companies, and this is what parasol gave me:



now........why is that absolutely miles better than what these calculators are saying?