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Recent content by bgog
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Short term contracting
What I'm getting at is, I have the contract work lined up, I don't need more contract work afterwords, so what am I paying 20% for? If the umbrella company is charging £95 where is the rest going?- bgog
- Post #7
- Forum: Business / Contracts
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Short term contracting
Why only 2%? The 20% is to the agency. Income tax is completely separate to that. Where is the other 18% going? (sorry I'm running to catch up with all this)- bgog
- Post #6
- Forum: Business / Contracts
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Short term contracting
Thanks for the replies. My main issue with the umbrella option is they will charge 20%, which seems to be a hefty chunk for not doing very much. I'll check with the company and see if they're happy with me simply going self employed for 3 months.- bgog
- Post #4
- Forum: Business / Contracts
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Short term contracting
Hi I've just been offered 3/4 months of IT contract work. There is no possibility of contracting after this, as I have a full time role lined up in 6 months time. I would be paid around £5000 per month. My understanding is that all I need to do is self-assess with the IR for a short term...- bgog
- Thread
- Replies: 11
- Forum: Business / Contracts
