Naive Brolly Question

[malvolio]

Most people on here, at least the longtimers, have made their bones at the contracting game so I don't get the one-upmanship and trying to belittle. I'd guess most of us have been at it 10+ years so we're all successful i our own rights.

And as a final point, if everyone stopped asking questions on here there would be no forum, so whilst I may have asked something that may have had an answer somewhere on the forum, I couldn't find exactly what i wanted and so asked the question and do appreciate the answers I got.

p.s. I don't see contracting as a career choice. No one pays me for being a contractor. They pay me for the skills and experience I bring to the role. Contracting is a channel I use to sell those skills.

Wrong on several levels, but hey, you listen to what you want to hear.

[Whorty]

Sorry that you didn't understand the gist of my post. The idea is you search this site, where your question is answered in great detail. Of course you got a good answer from CU, they are very good, they are in the business, they are honest (unlike some) and - say it quietly - they would prefer you to work through them. All of which you could have gleaned with a very little effort.

I don't care if you're impressed or not, I've made my bones at this contracting game and am comfortable with my lot. What does grate, however, is a contractor that CBA to use the tools of his trade. Being a contractor is a career choice and your job, regardless of whatever it is you do to earn the shekels, and sadly by asking us to do the research for you, you don't impress me as being very good at it.

Most people on here, at least the longtimers, have made their bones at the contracting game so I don't get the one-upmanship and trying to belittle. I'd guess most of us have been at it 10+ years so we're all successful i our own rights.

And as a final point, if everyone stopped asking questions on here there would be no forum, so whilst I may have asked something that may have had an answer somewhere on the forum, I couldn't find exactly what i wanted and so asked the question and do appreciate the answers I got.

p.s. I don't see contracting as a career choice. No one pays me for being a contractor. They pay me for the skills and experience I bring to the role. Contracting is a channel I use to sell those skills.

[malvolio]

You do realise that you have the option not to answer questions that you deem a waste of time don't you? Trying to prove you're superior by not actually giving an answer doesn't really work. And for your info, I did do a search via Google and a lot of contradictory info pops up so instead of wasting my time trying to work out the fact from fiction I thought I'd ask those who may know.

Thankfully I had a good answer off CU

And yep, I have gone far ... it's amazing how many poor candidates there are out there

Sorry that you didn't understand the gist of my post. The idea is you search this site, where your question is answered in great detail. Of course you got a good answer from CU, they are very good, they are in the business, they are honest (unlike some) and - say it quietly - they would prefer you to work through them. All of which you could have gleaned with a very little effort.

I don't care if you're impressed or not, I've made my bones at this contracting game and am comfortable with my lot. What does grate, however, is a contractor that CBA to use the tools of his trade. Being a contractor is a career choice and your job, regardless of whatever it is you do to earn the shekels, and sadly by asking us to do the research for you, you don't impress me as being very good at it.

[Whorty]

But not too idle to ask us to waste our time answering stupid questions that are easily answered by a five second search? Heigh ho...

You'll go far. Hopefully

You do realise that you have the option not to answer questions that you deem a waste of time don't you? Trying to prove you're superior by not actually giving an answer doesn't really work. And for your info, I did do a search via Google and a lot of contradictory info pops up so instead of wasting my time trying to work out the fact from fiction I thought I'd ask those who may know.

Thankfully I had a good answer off CU

And yep, I have gone far ... it's amazing how many poor candidates there are out there

[youngguy]

OK with regards to the Pensions - this isn't an issue, the pension payments are still made via salary sacrifice so you will gain the tax relief at the point of processing the payment.

Lucy, just curious

How would pension contributions affect take home , for example a £500pd contractor through umbrella with 0 pension payments vs one who put £24k pa into a pension?

Also. Is that payable into any pension or the umbrella's own pension provider?

[lucyclarityumbrella]

If we do all eventually get forced down the Brolly route, how will this impact pension payments and T&E? Can we still put a lump each year into a pension and get tax benefit (I assume so) but would this come out at source or would we get paid the salary, pay into pension then get the rebate back via tax return?

How about PII? Under a Brolly do contractors need this as we're employed via the Brolly and no longer via our own LTD. Saves 250 quid a year.

OK with regards to the Pensions - this isn't an issue, the pension payments are still made via salary sacrifice so you will gain the tax relief at the point of processing the payment.

T&S is no longer allowed via a compliant brolly, but if you are not under Supervision, Direction or Control by the end client then you may be able to claw this back via self-assessment at the end of the year. Our suggestion is that you speak directly with HMRC to get them to confirm if you are under SDC or not, don't bother with some of these so-called tests that are around, as HMRC are the only ones who will decide.

Insurance is normally included within the margin the brolly charges, so yes you would be saving that! Hope that helps

[LondonManc]

But not too idle to ask us to waste our time answering stupid questions that are easily answered by a five second search? Heigh ho...

You'll go far. Hopefully

He's definitely consultant material nqat

[malvolio]

Yup.

But not too idle to ask us to waste our time answering stupid questions that are easily answered by a five second search? Heigh ho...

You'll go far. Hopefully

[Whorty]

Too idle to even post it in the right part of the forum it seems.

Yup.

[northernladuk]

Interesting, but wouldn't I be an employee of the Brolly, and therefore either my main working address is either their office, or my home office, and hence any travel to another office (say the client) should be claimable? If I worked for a consultancy I'd be allowed to claim travel. But hey, the gov likes to make rules for one and different for others ...

You need to read this.

http://forums.contractoruk.com/accou...ml#post2338432

[northernladuk]

Too idle to even post it in the right part of the forum it seems.

[Whorty]

You don't get travel and expenses with a brolly. Well you would get the expenses a permanent employee may get but there are some nasty gotchas that limit even those

Interesting, but wouldn't I be an employee of the Brolly, and therefore either my main working address is either their office, or my home office, and hence any travel to another office (say the client) should be claimable? If I worked for a consultancy I'd be allowed to claim travel. But hey, the gov likes to make rules for one and different for others ...

[eek]

Always worked via a LTD, so don't know a great deal on how Brollies work ... I know I could go searching but I'm idle and easier to ask a question

If we do all eventually get forced down the Brolly route, how will this impact pension payments and T&E? Can we still put a lump each year into a pension and get tax benefit (I assume so) but would this come out at source or would we get paid the salary, pay into pension then get the rebate back via tax return?

As for T&E, I currently pay 650 a month train as I need to commute into the big smoke - would this be claimable back as I'd be an employee of the Brolly? Again, I assume so but wanted to double check.

How about PII? Under a Brolly do contractors need this as we're employed via the Brolly and no longer via our own LTD. Saves 250 quid a year.

I think so long as I can keep my rate at the 500+ I'll still struggle on contracting Not moving across until I have to, but when/if the time comes the contractor life for me via a Brolly is still better than permie. May even take an easy life in the PS as there'll be a shortage of contractors over there

You don't get travel and expenses with a brolly. Well you would get the expenses a permanent employee may get but there are some nasty gotchas that limit even those

[Whorty]

Always worked via a LTD, so don't know a great deal on how Brollies work ... I know I could go searching but I'm idle and easier to ask a question

If we do all eventually get forced down the Brolly route, how will this impact pension payments and T&E? Can we still put a lump each year into a pension and get tax benefit (I assume so) but would this come out at source or would we get paid the salary, pay into pension then get the rebate back via tax return?

As for T&E, I currently pay 650 a month train as I need to commute into the big smoke - would this be claimable back as I'd be an employee of the Brolly? Again, I assume so but wanted to double check.

How about PII? Under a Brolly do contractors need this as we're employed via the Brolly and no longer via our own LTD. Saves 250 quid a year.

I think so long as I can keep my rate at the 500+ I'll still struggle on contracting Not moving across until I have to, but when/if the time comes the contractor life for me via a Brolly is still better than permie. May even take an easy life in the PS as there'll be a shortage of contractors over there