It started with him having 2 permanent jobs (which he called "contracts"):
https://www.contractoruk.com/forums/...contracts.html
Then he said they might not be permanent.
Then he went to Umbrella with 2 temporary contracts and having an employer as well:
https://www.contractoruk.com/forums/...st-choice.html
And then he was back to permanent employment or temporary contract:
https://www.contractoruk.com/forums/...aily-rate.html
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Reply to: Is an umbrella company the best choice?
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Previously on "Is an umbrella company the best choice?"
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Originally posted by businessor View PostThanks for the info.
My employer is flexible to offer me a permanent role or a contract.
Would an Umbrella company have a benefit than a permanent role in terms of profits?
Add both contacts day rates together
53% of that rate will be your take home pay
Any other questions?
Sent from my iPhone using Contractor UK Forum
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Originally posted by businessor View PostThanks for the info.
My employer is flexible to offer me a permanent role or a contract.
Would an Umbrella company have a benefit than a permanent role in terms of profits?
So I'm confused over that part and we can't answer any question as to whether a permanent role is better than an inside IR35 contracts as that really does depend on the company.
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Thanks for the info.
My employer is flexible to offer me a permanent role or a contract.
Would an Umbrella company have a benefit than a permanent role in terms of profits?
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Originally posted by businessor View PostHello
I am looking to undertake two simultaneous contracts that are inside IR35.
Is an Umbrella company the best option in terms of maximising the take home profits?
Can you suggest a trustworthy Umbrella company?
Thanks!
And if you find an umbrella that is offering / paying you more take home* than others that's not actually possible as you are personally responsible for the tax you pay so it's only going to give you a short term benefit followed by a lot of long term pain.
* Umbrella companies may be able to soften the tax pain in other ways though - say by salary sacrifice into a pension or cycle to work or car lease scheme.
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Yes and speak to Lucy at Clarity Umbrella. She's a regular poster on the forums and knows her stuff.
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read this https://www.contractoruk.com/forums/...-umbrella.html
and yes an umbrella is the best choice, in that a LTD company would cost you but have no benefits.
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Is an umbrella company the best choice?
Hello
I am looking to undertake two simultaneous contracts that are inside IR35.
Is an Umbrella company the best option in terms of maximising the take home profits?
Can you suggest a trustworthy Umbrella company?
Thanks!Tags: None
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