Umbrella companies that let you pay more into your pension?

[psychocandy]

I agree.

But if you do get an answer from any of them, then it's probably worth updating the FAQ with details

Will do. Yes its a contract gig but I may be here for years. And since its inside IR35 I'd like to take the opportunity to pay a chunk into a pension rather than blow it all in tax/NI.

[TheFaQQer]

Will do. Its pretty toss that I can only pay the minimum into pension like this.

I agree.

But if you do get an answer from any of them, then it's probably worth updating the FAQ with details

[northernladuk]

Will do. Its pretty toss that I can only pay the minimum into pension like this.

It's only a short term thing. The gig will end, you'll get another. We are contractors after all.

[psychocandy]

Just a suggestion but since you have the list from Hays (having made a choice of one), why don't you contact the umbrella companies on the list and ask them your question? When you get a reply from each one, it might help other people out if you shared that information - almost as an answer to the frequently asked question "which umbrella companies allow you to pay into your pension?"

Will do. Its pretty toss that I can only pay the minimum into pension like this.

[TheFaQQer]

Any suggestions on one that will allow you to do pernsion properly? Unfortunately, it does need to be on Hays' list......

Just a suggestion but since you have the list from Hays (having made a choice of one), why don't you contact the umbrella companies on the list and ask them your question? When you get a reply from each one, it might help other people out if you shared that information - almost as an answer to the frequently asked question "which umbrella companies allow you to pay into your pension?"

[psychocandy]

Nope definitely wont let me do more than the minimum. Which is a bit crap to be honest. Something like £40 going in every week.

Sounds like they're doing the minimum required by law here with the pension thing. Which is crap. If Im paying shedloads of NI/TAX then I want to stick a good amount into the pension rather than get strung for stupid% in tax/NI.

Seems about right with them. Minimum they have to do with all things. Time to get a new umbrella methinks. No idea how they made it onto the preferred list.

Any suggestions on one that will allow you to do pernsion properly? Unfortunately, it does need to be on Hays' list......

[DomA]

Yep have done that. They're answer is that they will only sort out the minimum and won't let you increase any more.

Sounds like because they can't be bothered.

Or more likely their payroll software cannot cope with it - or they just don't know how to do it!

[psychocandy]

You should be able to pay as much as you want into the pension, as long as they net you minimum wage and your total contribution does not exceed £40k for the year. The minimum is what would normally be taken to auto-enrol but if you let them know what you would like to contribute they should be able to do that.

Yep have done that. They're answer is that they will only sort out the minimum and won't let you increase any more.

Sounds like because they can't be bothered.

[lucyclarityumbrella]

I'm sure I can do this and I guess Sterling just can't be bothered and are doing minimum. Anyone with an umbrella who allows this?

You should be able to pay as much as you want into the pension, as long as they net you minimum wage and your total contribution does not exceed £40k for the year. The minimum is what would normally be taken to auto-enrol but if you let them know what you would like to contribute they should be able to do that.

[SlipTheJab]

You aren't cut out for being an employee are you.

[northernladuk]

You aren't cut out for being an employee are you.

[psychocandy]

Appreciate that you've got to pay into their scheme to reap the maximum benefits but are there any umbrellas out there who will let you pay more than the minimum?

I'm with Sterling and they're set up with NEST. All good. BUT they'll only do the absolute minimum (1%?) which is not a lot. Anything else they say, needs to be done via AVC and direct debit. Not the best way because I want to make employer and employee contribs to save on NI.

I'm sure I can do this and I guess Sterling just can't be bothered and are doing minimum. Anyone with an umbrella who allows this?