'Salary package' an alternative?

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kingshuk replied

4 December 2009, 16:11
Originally posted by ddm View Post

Why is this SPAM? This is a serious question.

Sorry, have become far too cynical for my own good. you sounded like someone promoting 'salary package'
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ddm replied

4 December 2009, 14:32
Thanks

Originally posted by original PM View Post

looks like the 'periodic discretonary awards in a tax efficent manner' would hint at some form of ebt or similar.

True, that's exactly what I thought. Thanks for your replies.
So what next, I guess the only available alternatives are Umbrellas or an LTD? Does it make sense to form an LTD only for a few months (again, my client is overseas and I would be outside IR35)?

Any general suggestions for short-term contracting?
Leave a comment:
original PM replied

4 December 2009, 11:38
its just an umbrella with a different wrapper

looks like the 'periodic discretonary awards in a tax efficent manner' would hint at some form of ebt or similar.

avoid like a disease ridden ho
Leave a comment:
TheFaQQer replied

4 December 2009, 11:27
If there was an easy, legal, risk-free way of getting 82% return, do you think that anyone would be operating through an umbrella or their own Ltd?

I have no idea how they claim to be able to do it, nor do I want to know, to be honest.

Give them a ring on their freephone number, and see what they say. Of course, if it's all straightforward, they will have no qualms about indemnifying you personally in the event of any investigation into your tax affairs relating to the scheme.

If it looks too good to be true, then it is.
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b0redom replied

4 December 2009, 10:56
Originally posted by ddm View Post

I am currently a little torn....

Been hanging out with HAB a bit too much?
Leave a comment:
ddm replied

4 December 2009, 10:52
I'm sorry ..

Why is this SPAM? This is a serious question.
Leave a comment:
kingshuk replied

4 December 2009, 10:48
spam
Leave a comment:
ddm started a topic 'Salary package' an alternative?

4 December 2009, 10:22
'Salary package' an alternative?

Does anyone have experiences with them:
http://www.ics.me.uk/salary-package

How do they work? I am currently a little torn, since I have a (fairly well-paid) short-term contract (only two or three months) with a client from overseas (would be most definitely outside IR35). Forming an LTD doesn't seem too clever, since I plan to go permanent after these few months, but using an Umbrella in my circumstances could be considered absolute madness (my "take home percentage" would be around 55%).

Suggestions are more than welcome!
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