Smart Pay

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SlipTheJab replied

12 April 2017, 14:41
OP give all your money to me and I'll give you 93% of it back, its a fully compliant QC backed solution, nothing can go wrong...
Leave a comment:
Lance replied

12 April 2017, 13:40
Originally posted by northernladuk View Post

Plenty of people with real experience of these schemes. Check the HMRC enquiries threads. Lots of experience of facing bankruptcy as well now.

At the point you saw 84% you should be done. Walk away. Forget real experience. Drop.it like a hot stone. Don't be greedy, be sensible.

or negotiate them up to 92% for the fun of it then drop them like a hot potato. Only if you're bored though.
Leave a comment:
northernladuk replied

12 April 2017, 13:38
Plenty of people with real experience of these schemes. Check the HMRC enquiries threads. Lots of experience of facing bankruptcy as well now.

At the point you saw 84% you should be done. Walk away. Forget real experience. Drop.it like a hot stone. Don't be greedy, be sensible.

A bit better research would also be a good idea when your entire income is at risk.

http://forums.contractoruk.com/showthread.php?t=117687
https://www.google.co.uk/search?q=sm...e=UTF-8#xxri=0
Leave a comment:
jamesbrown replied

12 April 2017, 13:36
Originally posted by NetContractor View Post

I have been approached by "Smart Pay".

They are claiming that I can keep 84% of my income, but being paid minimum wage and taking the rest as an "Employee Lending Facility".

Has anyone had any REAL experience of these schemes? They exist and must have customers, so someone has to be using them. Anyone on here?

After being completely raped by HMRC over IR35, Rental Interest Releif, etc., etc. it is a vert tempting proposition.

Anyone?

Oh FFS, of course they have. Knock yourself out:

HMRC Scheme Enquiries

For example:

http://forums.contractoruk.com/hmrc-...-payments.html

If you think IR35 requires lube, you're going to need a bigger boat to carry the lube required for this down the line. Also, I'm assuming you're not some dodgy promoter of this pathetic, obviously flawed, scheme, otherwise I would've been less polite
Leave a comment:
NetContractor started a topic Smart Pay

12 April 2017, 13:31
Smart Pay

I have been approached by "Smart Pay".

They are claiming that I can keep 84% of my income, but being paid minimum wage and taking the rest as an "Employee Lending Facility".

Has anyone had any REAL experience of these schemes? They exist and must have customers, so someone has to be using them. Anyone on here?

After being completely raped by HMRC over IR35, Rental Interest Releif, etc., etc. it is a vert tempting proposition.

Anyone?
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