Originally posted by pmeswani
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So I can imagine it was a bit of a shock to suddenly find yourself paying about an extra 10% tax (the first 5K-odd is 'free') than what he was expecting.
He therefore wants to find out if he's being conned and get our expert opinion.
Sadly is it correct. This is quite common for new contractors going umbrella. The agent doesn't mention it, the umbrella doesn't mention it. This is partly because they are not legally required to, but largely because they want to sucker you in with what seems like higher net earnings than it really is.
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