- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Inside IR35 - umbrella or PAYE?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Inside IR35 - umbrella or PAYE?"
Collapse
-
thank you everyone. I've got another question about another company that I think is offering something different, but I'll start another thread
-
Originally posted by eek View PostIf inside IR35 the only sane option is an umbrella and putting as much as possible into your pension scheme - look for an umbrella that can do this as a lot really can't.
Speak to them and ask for a Example calculation Based on your rate. Then ask them how much your take home differs if you salary sacrifice into your SIPP x amount.
Brollie and Salary Sacrifice in Pension is actually a decent tax efficient option.
Leave a comment:
-
Originally posted by eek View PostThat assumes it's worth doing so and that outside IR35 contracts will exist after April (while true in some markets I suspect it won't be in a lot of others).
Given that this is his first contract my advice to the OP would be to not worry about setting up and using a limited company (you don't need it at the moment and it's just extra admin for potentially zero benefit but extra cost) and just find an umbrella company you can trust.
Leave a comment:
-
Originally posted by Ricky@IntouchAccounting View PostSome accountants, offer both umbrella and limited company services as part of their normal service. So you can switch between limited and umbrella seamlessly or even concurrently. So this is something to look out for.
Given that this is his first contract my advice to the OP would be to not worry about setting up and using a limited company (you don't need it at the moment and it's just extra admin for potentially zero benefit but extra cost) and just find an umbrella company you can trust.
Leave a comment:
-
Some accountants, offer both umbrella and limited company services as part of their normal service. So you can switch between limited and umbrella seamlessly or even concurrently. So this is something to look out for.
Leave a comment:
-
Originally posted by cat89 View PostHi,
I am looking at getting my first contact in the public sector which is inside IR35, and I am a newbie to contracting .
I am currently also looking at getting an accountant to register a company for some other work I am hoping to do later in the year or early next year.
Should I asked to be paid for this inside IR35 contract now via umbrella or via PAYE (and do I need a company to do it via PAYE?). The contract is 3-6 months and pay is £550 p/day.
Thanks!
Leave a comment:
-
Inside IR35 - umbrella or PAYE?
Hi,
I am looking at getting my first contact in the public sector which is inside IR35, and I am a newbie to contracting .
I am currently also looking at getting an accountant to register a company for some other work I am hoping to do later in the year or early next year.
Should I asked to be paid for this inside IR35 contract now via umbrella or via PAYE (and do I need a company to do it via PAYE?). The contract is 3-6 months and pay is £550 p/day.
Thanks!Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: