Reply to: Can you expense pension setup fee and yearly tax-keeping fee if using a brolly?

[b0redom]

What do you mean exactly? There is a long list of items that are normally allowed to expense

Oh dear. I suspect you're in for a bit of a rude awakening here.

[ladymuck]

I have done the research. The post was about a specific question (that is not a usual expenses question) that maybe I thought others here could simply say a yes or a no based on experience.

Also, fyi, The fact that you are also saying no expenses is black and white is simply wrong. From actual experience, many expenses are allowed - at least in the ~4 I have worked / familiar with

So have you asked your umbrella? What did they say?

[eek]

I have done the research. The post was about a specific question (that is not a usual expenses question) that maybe I thought others here could simply say a yes or a no based on experience.

Also, fyi, The fact that you are also saying no expenses is black and white is simply wrong. From actual experience, many expenses are allowed - at least in the ~4 I have worked / familiar with

And then when I asked it became a different question.

Going back to your original question (i.e. the title of this thread)

Surely the pension set up fee should be being taken from your initial pension contribution

and your self assessment return (assuming thats what you mean by tax keeping fee) may or may not be included as a fringe* benefit by your umbrella company.

*Note for me that is a reason to avoid an umbrella not to use one as if the umbrella is dodgy it would be insisting on doing your self assessment to continue their tricks as long as possible.

[jf2010]

I've heard Freddie Starr ate someones hamster so must be true. If you are really are going via brolly you should have done some basic research. This would have been very clear as no expenses is pretty black and white and is covered in nearly every article.

You should really be trying to understand the way you are employed much better than this. Why would you sign up for something before you've even understood basics such as expenses?

Going forward...

Umbrellas has it's own section of the forums where this should have been. In there are thousands of umbrella related questions so they should help you.
There are newbie guides and an umbrella section on the right so you need to read through those.
Use the google search method to research basic questions. If you type in something like 'Umbrella expenses' site:contractoruk.com/forums' you would have found your answer and much more you could have learned

I have done the research. The post was about a specific question (that is not a usual expenses question) that maybe I thought others here could simply say a yes or a no based on experience.

Also, fyi, The fact that you are also saying no expenses is black and white is simply wrong. From actual experience, many expenses are allowed - at least in the ~4 I have worked / familiar with

[northernladuk]

Just to be clear you are saying that these items cannot be expensed after you buy them to receive a reduction through tax?
I am surprised.. as every brolly I have heard of mentions that specific items like these can be

I've heard Freddie Starr ate someones hamster so must be true. If you are really are going via brolly you should have done some basic research. This would have been very clear as no expenses is pretty black and white and is covered in nearly every article.

You should really be trying to understand the way you are employed much better than this. Why would you sign up for something before you've even understood basics such as expenses?

Going forward...

Umbrellas has it's own section of the forums where this should have been. In there are thousands of umbrella related questions so they should help you.
There are newbie guides and an umbrella section on the right so you need to read through those.
Use the google search method to research basic questions. If you type in something like 'Umbrella expenses' site:contractoruk.com/forums' you would have found your answer and much more you could have learned

[ladymuck]

First port of call is to ask the brolly what expenses they will accept.

I'd be surprised if they would accept anything that isn't being directly reimbursed by the end-client but always happy to be proved wrong.

The same question could also be posed to an agency if you're working via their payroll.

[Lance]

Just to be clear you are saying that these items cannot be expensed after you buy them to receive a reduction through tax?


I am surprised.. as every brolly I have heard of mentions that specific items like these can be

what does your current brolly say about both these items, and the original question?
As your employer they may have a different view.

[jf2010]

Nope you are an employee and all those items are dual purpose (both helping you do your job but also helping you to advance you skillset).

Just to be clear you are saying that these items cannot be expensed after you buy them to receive a reduction through tax?


I am surprised.. as every brolly I have heard of mentions that specific items like these can be

[eek]

Courses, technical books etc etc

Nope you are an employee and all those items are dual purpose (both helping you do your job but also helping you to advance you skillset).

[jf2010]

Such as and remember we are talking about umbrellas here where you are merely an employee of that company.

I do actually have a list but would love to see what you think you can claim from pre-taxed income.

Courses, technical books etc etc

[northernladuk]

I thought you were employed in 2019? The job you quit for a role thst didn't appear as per your previous post.

[ladymuck]

What do you mean exactly? There is a long list of items that are normally allowed to expense

Normally in what scenario?

[eek]

What do you mean exactly? There is a long list of items that are normally allowed to expense

Such as and remember we are talking about umbrellas here where you are merely an employee of that company.

I do actually have a list but would love to see what you think you can claim from pre-taxed income.

[jf2010]

Nope. Can't be done.

You are an employee of the umbrella, everything you spend is out of your taxed earnings.

What do you mean exactly? There is a long list of items that are normally allowed to expense

[ladymuck]

Nope. Can't be done.

You are an employee of the umbrella, everything you spend is out of your taxed earnings.