Originally posted by shabak
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Reply to: Umbrella and paye advice
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Previously on "Umbrella and paye advice"
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Originally posted by shabak View PostSo basically what you guys are choosing? PAYE or UMBRELLA?
Umbrella - more money and slightly more flexability
Is it common practice agent keeps the employer NIC savings for pension contribution? (contractoruk.com)
will explain why
With an umbrella the money the umbrella gets should be fully under your control (so you can salary sacrifice 40k and all the employer NI side of things will go into your pension).
With the agency it can keep any employer NI savings for themselves as it's their money and not yours.
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Originally posted by cojak View PostMoved to the correct forum.
If you have a read of the threads you'll probably find your answer.
In google type giant site:contractoruk.com/forums
Change the keyword to the different providers.
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Worth posting the LITRG-Factsheet-working-through-an-umbrella-company-2020.pdf and LITRG-Factsheet-agency-workers-2020.pdf factsheets
As for those options - all much of a much ness.
Remember as Tarbera says you won't get expenses and the only thing you can do to reduce tax immediately is to pay into a pension via salary sacrifice so see who can do what.
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Originally posted by shabak View PostHello Gents, since of course like everyone now I have to choose between PAYE and Umbrella please advice me about the below Umbrellas (what you think about them) as I have no idea:
1. GIANT
2. JSA
3. ICS
4. PAYSTREAM
5. BROOKSON ONE
I understand that PAYE salary is lower from what I see, and umbrella still losing these 40% It is so sad....
And remember no expenses
Sent from my iPhone using Contractor UK Forum
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Moved to the correct forum.
If you have a read of the threads you'll probably find your answer.
Leave a comment:
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Umbrella and paye advice
Hello Gents, since of course like everyone now I have to choose between PAYE and Umbrella please advice me about the below Umbrellas (what you think about them) as I have no idea:
1. GIANT
2. JSA
3. ICS
4. PAYSTREAM
5. BROOKSON ONE
I understand that PAYE salary is lower from what I see, and umbrella still losing these 40% It is so sad....Tags: None
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