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Previously on "References from Kane Services"

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  • malvolio
    replied
    Originally posted by bangface View Post
    They are providing a payment vehicle via an Employee Benefit Trust. The retention is high but the risk is far higher.

    Loans are made at the discretion of a trust and yes you could potentially be asked to repay the loans during or post employment. You can with some of these providers arrange to repay the loans post employment and have them re-issued again post employment to alleviate any ongoing tax liabilty...
    Basic minor detail - you still owe the tax, year on year, the liability is accumulative and it will have to be repaid when you stop. Post on here recently from someone who was presented with a £50k back-tax bill after four years...

    Seriously not reccommeded for anyone with half a braincell.

    Leave a comment:


  • bangface
    replied
    Originally posted by ceimes View Post
    Thank you, I will have a look.

    I have seen other umbrella companies which say they can save for me up to the 88% of the salary, the way they do it is by a monthly loan with an interest of 7,5%. How legal is it? I also fear that they could ask me to pay the loan back. Do you know anything about it?

    Thank you
    They are providing a payment vehicle via an Employee Benefit Trust. The retention is high but the risk is far higher.

    Loans are made at the discretion of a trust and yes you could potentially be asked to repay the loans during or post employment. You can with some of these providers arrange to repay the loans post employment and have them re-issued again post employment to alleviate any ongoing tax liabilty...

    Leave a comment:


  • westredd
    replied
    that sounds dodgy. I would keep away.

    ve been with an umbrella for 6 months, and ive had enough of them. Im moving to Ltd company, id suggest you do the same from the start.

    Leave a comment:


  • ceimes
    replied
    Thank you, I will have a look.

    I have seen other umbrella companies which say they can save for me up to the 88% of the salary, the way they do it is by a monthly loan with an interest of 7,5%. How legal is it? I also fear that they could ask me to pay the loan back. Do you know anything about it?

    Thank you

    Leave a comment:


  • PAG
    replied
    Originally posted by ceimes View Post
    Hi all,

    I'm new to this forum and to the contractor world. I am about to start working as a contractor and someone told me about an umbrella company called Kane Services. Does anyone know something about them?

    thanks

    Try http://www.nriuk.co.uk/uk-contractors.htm
    I had used them. No hassel straight forward. Now I run my own company.

    Leave a comment:


  • ceimes
    started a topic References from Kane Services

    References from Kane Services

    Hi all,

    I'm new to this forum and to the contractor world. I am about to start working as a contractor and someone told me about an umbrella company called Kane Services. Does anyone know something about them?

    thanks

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