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Recent content by ContractorBanking

  1. C

    PayStream's hidden "Less Employer Pension Saving" fee is costing me £5,588 a year

    I've checked my payslip and I don't see his deduction. Does this apply to all Paystream services or specific ones?
  2. C

    Any umbrella companies that offer decent private medical cover

    Looking to get private medical cover for the family but quotes are coming in very high. Was wondering, are there any umrella companies that allow you to join their private health insurance scheme? Joining the employer's scheme is usally far cheaper than getting it done on an individual/family...
  3. C

    Salary sacrifice on Umbrella vs PAYE

    How does salary sacrifice work on PAYE rates? As I understand it, on an Umbrella rate, the Umbrella will first take out Employers NI, Apprenticeship Levy and Umbrella Margin and the remainder is PAYE to the employee. On PAYE, the agency pays the full PAYE rate directly to the employee. There...
  4. C

    25% tax-free pension query

    How does the 25% tax-free pension rule work? Say you have 400k in the pension pot and you withdraw 100k. 1) is that 100k all tax free because it represents 25% of the entire pot? 2) or is 25% of the withdrawn amount tax free, i.e. 25k is tax free and 75k is subject to tax at the personal...
  5. C

    6 year rule for faulty goods

    I have an American fridge freezer that came with 5 years manufacturers warranty, bought from John Lewis. It’s now been 5 years 11 months and we’ve noticed the inner lining is damaged on both sides, towards the bottom. Checking online, it appears this is a common fault and those within their...
  6. C

    Has anyone contracted at British Airways

    Has anyone contracted at British Airways, either inside or outside IR35? What's it like to work there (location is Heathrow)? Any perks, such as flight discounts or is that only for permanent staff? thanks
  7. C

    Claiming stolen phone on house insurance

    I would imagine the renewal would go up in price simply because you've already informed them of the incident. Whether you claim or not, an incident has occurred. Motor insurance quotations always ask if an incident/accident has occurred, not whether you've made a claim. And you're obliged to...
  8. C

    Tech products that are not available

    Was looking for a new clock radio, thought I'd go for an internet clock radio as FM/DAB signal is not great where we are. The extendable metal aerial and wire aerial are pretty crap to be honest. So, on the lookout for an internet clock radio and they just don't seem to exist any more. I'm...
  9. C

    Home Schooling

    Interesting about the exam situation, can I ask, why is it difficult to take an exam externally? My friend's son took his GCSE Maths a year earlier than usual. The school was not supportive of this and wouldn't allow the boy to sit the exam through the school so they ended up taking the same...
  10. C

    Umbrella vs perm salary tax calculations

    Thanks Lucy.
  11. C

    Umbrella vs perm salary tax calculations

    Thanks Eek. Let's assume the salary is in line with the umbrella adjusted figure (as below) - does that mean the take home pay should be the approx same?
  12. C

    Umbrella vs perm salary tax calculations

    Is there a difference between the tax calculations of umbrella vs PAYE salary (excluding the exceptions below)? 1) umbrella deducts employers NI contributions 2) umbrella deducts apprenticeship levy 3) umbrella service fees (around £100pm) 4) salary sacrifice fees (around £30pm) So, if perm...
  13. C

    Salary sacrifice time delay

    Totally agree. Next time, I certainly won't bother with Paystream, its an extra revenue stream for them, holding on to your money for an entire month. In fact, they send you an email around 3 weeks after they've paid you, to tell you your pension money will be hitting your SIPP on a particular...
  14. C

    Salary sacrifice time delay

    I'm with Paystream and when the client pays, the funds are in my account the same day. However, it takes on average 30 days for the pension to hit the SIPP. I checked with the SIPP provider and they take no more than a day or 2 max, so the delay is squarely on the Paystream side. I queried...
  15. C

    Anyone know the make and model of this device

    Asking for a friend, what's this device and its make and model...
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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