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Recent content by foxyy
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Umbrella workplace pension scheme arrangement type
Do most umbrella's, such as Paystream, operate 'relief at source' or 'net pay' arrangements for workplace pension deductions to be paid into your chosen SIPP (with providers like Hargreaves Lansdown)? Assuming you opt out of NEST pension scheme. Can you claim extra tax relief from your pension...- foxyy
- Thread
- Replies: 5
- Forum: Umbrella Companies
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Pension salary sacrifice increase following new annual allowance.Which dates matter?
If you want to increase your pension salary sacrifice deduction rate with an umbrella due to the increase in the annual pension allowance to £60k (not due to an individual 'lifestyle change'). Are there any rules around when you can apply the new deduction rate, in relation to potential new tax...- foxyy
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- pension contributions salary sacrifice umbrella
- Replies: 3
- Forum: Umbrella Companies
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Day rate negotiations to account for high inflation
Looking to negotiate a new day rate for an inside IR35 contract extension. I'm hoping to negotiate at least an extra 7-8% to account for some of the higher inflation and increased cost of living. However I expect the usual push back from the client. Just wondering how other contractors are...- foxyy
- Thread
- Replies: 19
- Forum: Business / Contracts
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Umbrella Pension Salary Sacrifice of One-off Bonus Payments
I've not left myself enough time to find an alternative umbrella, but it's something I will consider for any new contract. Assuming there are any reputable umbrellas out there which support this and don't charge too much in fees etc. If anyone hears of any umbrellas offering this and would...- foxyy
- Post #12
- Forum: Umbrella Companies
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Umbrella Pension Salary Sacrifice of One-off Bonus Payments
The sacrifice of an unexpected, adhoc bonus payment towards a personal pension is different to changes to the underlying regular pay salary sacrifice arrangement. That regular arrangement can only usually be varied in line with the life events mentioned or new tax year etc. HMRC does allow...- foxyy
- Post #9
- Forum: Umbrella Companies
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Umbrella Pension Salary Sacrifice of One-off Bonus Payments
I thought this might be the case, but was wondering/hoping if there might be other umbrella options. Possibly for future contracts. Thanks for your thoughts on this.- foxyy
- Post #7
- Forum: Umbrella Companies
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Umbrella Pension Salary Sacrifice of One-off Bonus Payments
It is a one off (annual) client bonus which was paid to permanent employees and extended to inside IR35 contractors. This will be paid via the umbrella. Although their initial response is that it cannot be used for extra pension salary sacrifice as they don't facilitate this.- foxyy
- Post #5
- Forum: Umbrella Companies
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Umbrella Pension Salary Sacrifice of One-off Bonus Payments
Does anyone know if there are any umbrella companies which facilitate additional pension salary sacrifice contributions for any one-off bonus payments received? I'm meaning separate and in addition to any normal agreement set up at the start for any £x per day to be deducted and contributed...- foxyy
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- bonus pension contributions salary sacrifice umbrella
- Replies: 11
- Forum: Umbrella Companies
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Tax Investigation Insurance Run-off Cover post-Liquidation - IPSE or Caunce O'Hara?
Even if you haven't done anything dodgy, you could still in theory be investigated. Having legal cover just eliminates some of the stress of not having to deal with it on your own. That is a very good point about home insurance. I have actually got family legal cover up to £100k through Tesco...- foxyy
- Post #8
- Forum: Accounting / Legal
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Tax Investigation Insurance Run-off Cover post-Liquidation - IPSE or Caunce O'Hara?
Thanks NLUK. I'll be honest, I was hoping someone might have already waded through all the T&C gumpf after having to weigh up a similar decision and it would have saved me the pain of having to do it! I'll set aside some time to try to figure out the specifics between the 2 options, but on the...- foxyy
- Post #7
- Forum: Accounting / Legal
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Tax Investigation Insurance Run-off Cover post-Liquidation - IPSE or Caunce O'Hara?
For anyone closing their limited company, what run-off type tax protection / IR35 insurance is recommended and for how long? I’ve been a member of IPSE for a while and they seem to have changed the run-off options. Previously I think they provided cover for £50 for 1 year after closing your...- foxyy
- Thread
- insurance ipse ir35 insurance
- Replies: 7
- Forum: Accounting / Legal
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Anyone Claiming Working From Home Tax Relief Via Their Umbrella?
£125 for higher earners- foxyy
- Post #5
- Forum: Umbrella Companies
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Anyone Claiming Working From Home Tax Relief Via Their Umbrella?
I don't think it mentions a location in terms of normal working in my employment contract with the brolly. Although the contract between the brolly and the client does mention the client site location, which I've never been able to work on due to Covid.- foxyy
- Post #4
- Forum: Umbrella Companies
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Anyone Claiming Working From Home Tax Relief Via Their Umbrella?
"Required to work from home even for ONE DAY since 6 April? You can claim tax relief for the WHOLE YEAR – worth £60 or £125." Noticed this on MoneySavingExpert Martin Lewis: Working from home due to coronavirus, even for a day? Claim a year's worth of tax relief Anyone managed to claim this...- foxyy
- Thread
- Replies: 7
- Forum: Umbrella Companies
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Partially blocked microbore C/H
Empty the contents of the radiator or just buy a new radiator as they are pretty cheap. If you've got too much sludge located in that one radiator. I wouldn't do a power flush using microboar especially that narrow, could cause bigger problems. Have you got a magnetic filter which should...
