IR35 post April 2020: Choosing a legitimate Umbrella

[Seahorse17]

I get a load of deleted posts?

[TheFaQQer]

I get a load of deleted posts?

I'm not sure if my FAQ answers your question or not - http://forums.contractoruk.com/publi...bout-ir35.html

If not, let me know - I'm away enjoying an a free holiday at the moment and limited to only using my phone occasionally but I'm happy to try to help if I can.

[Seahorse17]

Thanks - had just found it! Appreciate your efforts.

[drob1984]

Does anyone know of any umbrella company that allows you to pay into your own SIPP as opposed to using their "default provider scheme". Have tried a few and no luck so far.

Finding this would help with any transition from Ltd Co. to Umbrella.

[northernladuk]

Does anyone know of any umbrella company that allows you to pay into your own SIPP as opposed to using their "default provider scheme". Have tried a few and no luck so far.

Finding this would help with any transition from Ltd Co. to Umbrella.

No. They generally don't care about doing anything more than the absolute minimum to meet legislation.

That said Contractor Umbrella used to allow you to put as much as you want in to their scheme. Once you are done you just transfer it to your SIPP.

[BR14]

No. They generally don't care about doing anything more than the absolute minimum to meet legislation.

That said Contractor Umbrella used to allow you to put as much as you want in to their scheme. Once you are done you just transfer it to your SIPP.

WNLUKS.

it was scottish widows IIRC and no transfer fees either.

[CanPayButWouldRatherNot]

quick follow up on the pension angle


(51 and looking at 55 with interest)

... can you put ALL of your earnings in the brolly into your SIPP .. is there not a 40k limit ?

[northernladuk]

quick follow up on the pension angle


(51 and looking at 55 with interest)

... can you put ALL of your earnings in the brolly into your SIPP .. is there not a 40k limit ?

You can put all in but you'll only get tax relief on the first 40k.

Possibility of backdating it if you've been in the scheme for previous years but I'd assume that as we are talking about new brollies then this isn't an option.

[CanPayButWouldRatherNot]

You can put all in but you'll only get tax relief on the first 40k.

Possibility of backdating it if you've been in the scheme for previous years but I'd assume that as we are talking about new brollies then this isn't an option.

ah ok ... sadly used the earlier years as part of the loan charge pension workaround (c/o Loan ranger)

btw thanks for the ii tips on the pension threads ... been using them

[lucyclarityumbrella]

... can you put ALL of your earnings in the brolly into your SIPP .. is there not a 40k limit ?

The brolly will have to net you National Minimum Wage over that fill your boots

As Northern Lad said, you can pay more that £40k in via the brolly, but they will claw back the tax over that through self-assessment probably or your tax code!