- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Umbrella Companies - Am I Getting Conned?"
Collapse
-
As Steven says the company must be making money from somewhere and, if you think about it, the only place it can come from is your pocket
-
Originally posted by bangface View PostAt the high end of the market you could I'm sure pay in excess of £200 per month in fees to some umbrella companies and at the very least you can now expect to pay absolutely nothing in fees with others. For example goumbrella do not charge a fee currently, so when you compare their fees (or lack of them) with that of say Tarpon then yes I agree there would be savings to be made, but an additional £70 per week is a bit excessive, albeit perfectly viable on a monthly basis, particularly when you take into consideration the vast difference in fees across the board.
Leave a comment:
-
I would be extremely skeptical of any umbrella company that claims their services are free of charge. It's fairly difficult to run a business with no income and, as far I am aware, none have charity status.
Leave a comment:
-
At the high end of the market you could I'm sure pay in excess of £200 per month in fees to some umbrella companies and at the very least you can now expect to pay absolutely nothing in fees with others. For example goumbrella do not charge a fee currently, so when you compare their fees (or lack of them) with that of say Tarpon then yes I agree there would be savings to be made, but an additional £70 per week is a bit excessive, albeit perfectly viable on a monthly basis, particularly when you take into consideration the vast difference in fees across the board.
Leave a comment:
-
Originally posted by Bat View PostHi all, Im new here so please be gentle to me
I have been working as a contractor for 3 months and im about to have another 3 months added.
When i started i was told by my agency that i could only go with 4 umbrella companies on their books.
All 4 of them charge a high weekly rate and i do not want to be with any of the 4 listed.
I did my research prior to picking which one would suit me best but when i asked about other umbrella companies i was told that i couldnt go with them as they were not approved by the Director/Finance manager.
I have since found out that i could be earning an additional £70 a week if i went with an umbrella company not on the agencies books.
Does anyone know what i can do and confirm that this is allowed? £70 a week is a no brainer as far as im concerned?
I dont really want to open a can of worms but surely its my money.
Cheers
Bat
Leave a comment:
-
Originally posted by Bat View PostHi all, Im new here so please be gentle to me
I have been working as a contractor for 3 months and im about to have another 3 months added.
When i started i was told by my agency that i could only go with 4 umbrella companies on their books.
All 4 of them charge a high weekly rate and i do not want to be with any of the 4 listed.
I did my research prior to picking which one would suit me best but when i asked about other umbrella companies i was told that i couldnt go with them as they were not approved by the Director/Finance manager.
I have since found out that i could be earning an additional £70 a week if i went with an umbrella company not on the agencies books.
Does anyone know what i can do and confirm that this is allowed? £70 a week is a no brainer as far as im concerned?
I dont really want to open a can of worms but surely its my money.
Cheers
Bat
I work for an umbrella company so I am not impartial but there is a huge risk to your agency, your end client and ultimately you if you work with an umbrella whose practises could be described as questionable.
DO you know where the extra £70 a week is coming from with the other umbrella you've looked into?
And don't forget that the admin fee charged by the umbrella can also be offset against your income tax bill as per other legitimate business expenses.
Do you know what the reasons are for the four providers being included on your agency's list?
Leave a comment:
-
Umbrella Companies - Am I Getting Conned?
Hi all, Im new here so please be gentle to me
I have been working as a contractor for 3 months and im about to have another 3 months added.
When i started i was told by my agency that i could only go with 4 umbrella companies on their books.
All 4 of them charge a high weekly rate and i do not want to be with any of the 4 listed.
I did my research prior to picking which one would suit me best but when i asked about other umbrella companies i was told that i couldnt go with them as they were not approved by the Director/Finance manager.
I have since found out that i could be earning an additional £70 a week if i went with an umbrella company not on the agencies books.
Does anyone know what i can do and confirm that this is allowed? £70 a week is a no brainer as far as im concerned?
I dont really want to open a can of worms but surely its my money.
Cheers
Bat
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: