What is the minimum that the value of a contract should be (say on a weekly basis) so that it is beneficial to use a Ltd. company instead or an umbrella corporation?
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I seem to think we discussed 20-30k per annum being a break point. Let me see if I can find the thread.'CUK forum personality of 2011 - Winner - Yes really!!!!
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The company needs to turn over around £30k.
Anything less and the tax saving is eaten by the professional fees. Even at the £30k level the profit won't be massive, so it depends on whether you want the extra cash for the extra admin you'll have to do.Comment
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Clare beat me to it and I can't find the thread it was discussed in but the sticky has tons of information and cost comparisons so you could try your own sums...
http://forums.contractoruk.com/umbre...composite.html
You may need to take your IR35 status in to account as well if you are hovering around that figure.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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