Consultant Technologies Ltd

[misterdee]

thanks guys...just thought id test the water and possibly see if anyone out there has used any of these "share option" or "interest free loan" companies...

think ill stay with my umberella company until I can find someone who pays more than 66% of my invoice amounts...is this about average ???

would go Limitedbut contract is well inside IR35...aka AR53 !!!

[Gonzo]

I think I might set myself up as one of these umbrella company types. Looks a doddle! Who wants to sign up to Ladymuck Payroll Enterprises for 5% of earnings plus VAT with no dispensations?

All you need is a picture of yourself looking that sultry on your website and I am sure that you will be quids in.

[uk-newbie]

Greetings All,


I did create a post asking if anyone had used them and didnt get much of a response. I contacted the company and said that if i earn

£350 per day on a 6month contract, how much can i hope to take per month?
( i told them i will have £160 expense)

They sent me a pdf breaking it down and came up with some great figures... i think



here is the breakdown in a jpeg

http://img209.imageshack.us/img209/1664/ctem7.jpg


what do you guys think?

Many thanks in advance

[PAH]

All you need is a picture of yourself looking that sultry on your website and I am sure that you will be quids in.

With a tagline of "LadyMuck seeks ManMuck". You'd have geeks throwing it at you.

[Ardesco]

Looks very dodgy. You have to purchase shares in their company, what guarantee do you have that the shares will be worth anything and that you will get paid a divi? Have they even explained how the share income works?

An 81% take home is better than you would get from your own LTD Co if you were taking a token wage of £5000 and paying yourself the rest in divvies, this alone should be ringing alarm bells.

I don't believe a word of it myself.

[misterdee]

saying rather than doing ???

is this kind of thing just a naughty way of paying so much tax and NI ?

whats the point of borrowing money to buy shares to sell shares and pay back a loan ???

are you not just "declaring" that you are doing all this...
when in fact, you are getting paid and taxed on minimum wage and removing a bulk of your invoiced amount by declaring that you are buying shares....

[eeeeek]

I was with consutlant technologies but then they moved me to their 'sister' company which has the same structure of payment. So you end up only really paying capital gains tax on the bulk of your earnings.

I'm having doubts as to the legality of this payment scheme. Can anyone with more knowledge/experience comment on whether this is a legal way to recieve payments?