1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
  • Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Reply to: More bad news ...

Collapse

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "More bad news ..."

Collapse
  • Protagoras
    replied
    Originally posted by northernladuk View Post
    Erm... Isn't this bad for umbrella employees so doesn't affect proper contractors?
    Yep, pension contributions from gigs undertaken via one's LtdCo wouldn’t be impacted.
    Last edited by Protagoras; 29 May 2025, 03:15. Reason: Grammar correction

    Leave a comment:

  • willendure
    replied
    Originally posted by Protagoras View Post
    As if things aren't bad enough for contractors, there are the rumours about salary sacrifice changes ...

    https://moneyweek.com/personal-finan...e-under-threat

    SalSac was about the only thing that made brolly working tolerable.
    Another article I read seemed to suggest it was only higher rate payers that would be targetted, but this one you linked give an average worker on £35K as an example. I mean how in hell someone on £35K is ever going to retire and live a decent life from 65 onwards seems unfathomable to me. They deserve a medal if they are going to be tucking some extra away throughout their whole working life just to have a little extra later on.

    But yeah, never worked through an umbrella, but any time I have considered it its always been - whats the max I can channel into a SIPP to make this worthwhile?

    Leave a comment:

  • northernladuk
    replied
    Erm... Isn't this bad for umbrella employees so doesn't affect proper contractors?

    Leave a comment:

  • SueEllen
    replied
    As they close a clearly defined and well known loophole less clearly defined ones open up.

    It would be more efficient to rip up the tax book and start again. In doing so they can simply state if you run a scheme or are an employer trying it on, to try to deprive HMRC of money we will throw the book at you.

    Leave a comment:

  • Protagoras
    started a topic More bad news ...

    More bad news ...

    As if things aren't bad enough for contractors, there are the rumours about salary sacrifice changes ...

    https://moneyweek.com/personal-finan...e-under-threat

    SalSac was about the only thing that made brolly working tolerable.
    Tags: None

Advertisers

  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
Working...
X