Yes, treat ANY cold-calling Umbrella as dodgy.
Very simple.
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Previously on "how to work out if an umbrella company is dodgy: holiday pay etc"
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Originally posted by eskimalita View PostHi
broker's umbrella deduct £244 p/week (17% of gross). Take home pay £1191 per week including holiday.
FCSA umbrella deduct £526 p/week (36.7% of gross). Take home pay £909 per week including holiday.
Weekly Gross Contract Rate £1,435.00
Employer National Insurance £150.09
Employment Tax £6.27
Employee National Insurance £101.35
Employee Tax £261.00
Total All Tax £518.72
Margin £25.00
Total Net Income £891.28
Originally posted by eskimalita View PostCan anyone assist with how I calculate the holiday, and what other red flags I am missing with the umbrella recommended by the broker, please? I am new to this. The FCSA umbrella (Giant) seem more realistic.
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As a rule of thumb, don't go with any umbrella that charges a percentage of your rate. They all have the same work to do, so should be charging about the same amount regardless of your gross.
Equally, don't go a with a broker, do your own research and comparisons against a sensible baseline (Clarity or SJD/Contractor Umbrella, for example).
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It sounds dodgy.
What is the name of the broker, and what is the name of their suggested umbrella?
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how to work out if an umbrella company is dodgy: holiday pay etc
Hi
A broker contacted me and the umbrella he proposes is not registered with the FCSA so that's my first red flag.
I have done some calculations of take home pay as a percentage of gross, giving further red flags.
weekly gross £1435
broker's umbrella deduct £244 p/week (17% of gross). Take home pay £1191 per week including holiday.
FCSA umbrella deduct £526 p/week (36.7% of gross). Take home pay £909 per week including holiday.
Can anyone assist with how I calculate the holiday, and what other red flags I am missing with the umbrella recommended by the broker, please? I am new to this. The FCSA umbrella (Giant) seem more realistic.
Thanks.
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