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Previously on "Deemed LtdCo payment direct to SIPP"

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  • BR14
    replied
    16

    Leave a comment:


  • eek
    replied
    Originally posted by professor View Post
    What is stopping agencies from changing that model?
    The law

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  • professor
    replied
    Originally posted by eek View Post
    Because it won’t work, agencies deemed payments are after tax already deducted...
    What is stopping agencies from changing that model?

    Leave a comment:


  • eek
    replied
    Originally posted by professor View Post
    ..didn't see threads on the scenario agency paying to LtdCo directly (as opposed to umbrella paying salary to individual). Can it work?
    Because it won’t work, agencies deemed payments are after tax already deducted so it won’t work as the employer NI has been paid.

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  • professor
    replied
    ..didn't see threads on the scenario agency paying to LtdCo directly (as opposed to umbrella paying salary to individual). Can it work?

    Leave a comment:


  • ladymuck
    replied
    As mentioned in the other threads, there are minimum wage considerations too. Depends on the agency etc. All covered in the discussions NLUK refers to

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  • northernladuk
    replied
    There are at least three threads on umbrellas that lay in to personal sipps going in at the moment and quite a few others in the last few months.
    .

    Umbrella pension site:contractoruk.com/forums - Google Search
    Last edited by northernladuk; 20 February 2020, 22:51.

    Leave a comment:


  • professor
    started a topic Deemed LtdCo payment direct to SIPP

    Deemed LtdCo payment direct to SIPP

    Could the agency pay the (deemed LtdCo rate + NICR + apprentice levy) directly to LtdCo contractor's SIPP?
    This makes agency's job easy - don't have to bother deducting the NICE & Tax from deemed LtdCo rate, as payment to SIPP is made in gross.
    Might be useful for those who don't need the cash straightaway and mitigate the cut.
    Is this practical?

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