Umbrella company for SIPP - Contractor UK Bulletin Board

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Hex replied

22 March 2010, 13:31
Originally posted by moorfield View Post

Just make your own (employee) contributions direct to H-L and claim any higher rate tax back through self assessment.

But that way he has to pay employer's NI on the money in order to get it out as salary. If the umbrella pays it direct then there is no employer's NI, therefore a 12.8% tax saving.

I would ring up the standard umbrellas and ask them if they support this. Try Parasol, ContractorUmbrella etc.
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moorfield replied

22 March 2010, 08:33
Originally posted by neill View Post

Any recommendations?

Just make your own (employee) contributions direct to H-L and claim any higher rate tax back through self assessment.
Leave a comment:
neill started a topic Umbrella company for SIPP

22 March 2010, 08:29
Umbrella company for SIPP

I have a Hargraves Landsdown SIPP as i am sure others do on this forum. Looking for an umbrella company that would make payments into my SIPP rather than have to create my own limited company, well at least for the first 3 months of my contract.
Any recommendations?

Thanks

Neill
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