Umbrella Growth Share - This site just saved me from making a big mistake.

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lucyclarityumbrella replied

17 August 2020, 19:27
Originally posted by eek View Post

Legitimate umbrella comparison brokers don't exist, legal umbrellas offerings are virtually identical and umbrella companies don't have the profit margins to pay outside companies. Which is why the tax avoidance scheme scum love to pretend to be them.

Broker sites = 100% pointless
Maybe at some point someone will get done under POTAS
Leave a comment:
Ricky@IntouchAccounting replied

12 August 2020, 12:17
Originally posted by Pin Pin Poola View Post

I just wanted to says thanks for saving me from making a big mistake by nearly signing up for a Growth Share scheme.

I stumbled across this thread https://www.contractoruk.com/forums/...e-schemes.html and I am so glad I did!

I am just getting into contracting and I spoke to a umbrella comparison broker. They made these non-standard PAYE schemes sound so legit. I asked them for written evidence that "The tax treatment is formally accepted and acknowledge by HMRC" and it's been over 48 hours since my last email from them :-)

#standardpayeallthewayforme

Thanks again.
Pin

Good to hear you didn't get caught up this, would be interested to hear there response.

You have to be careful when choosing an umbrella company.

Unfortunately when it comes to umbrella take home pay as the old saying goes "if it sounds too good to be true, it probably is".
Leave a comment:
eek replied

12 August 2020, 12:14
+1 glad you discovered the issue before it was too late.

Oh and a big warning - Legitimate umbrella comparison brokers don't exist, legal umbrellas offerings are virtually identical and umbrella companies don't have the profit margins to pay outside companies. Which is why the tax avoidance scheme scum love to pretend to be them.
Leave a comment:
cojak replied

12 August 2020, 12:07
Hi Pin,

Pleased you found it useful.

Because of your post, I've added the link to the Legit Umbrellas thread.
Leave a comment:
Pin Pin Poola started a topic Umbrella Growth Share - This site just saved me from making a big mistake.

12 August 2020, 10:14
Umbrella Growth Share - This site just saved me from making a big mistake.

I just wanted to says thanks for saving me from making a big mistake by nearly signing up for a Growth Share scheme.

I stumbled across this thread https://www.contractoruk.com/forums/...e-schemes.html and I am so glad I did!

I am just getting into contracting and I spoke to a umbrella comparison broker. They made these non-standard PAYE schemes sound so legit. I asked them for written evidence that "The tax treatment is formally accepted and acknowledge by HMRC" and it's been over 48 hours since my last email from them :-)

#standardpayeallthewayforme

Thanks again.
Pin
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