Thank you for your feedback, plenty to go away and think about.
regards
Danny
- 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!
Reply to: Umbrella Company Benefits
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 Company Benefits"
Collapse
-
Originally posted by iumbrella View PostWe want to offer a basic level of insurance which would come out of the existing admin fee. Our employees could then either top this up or leave it as they wanted. We obviously wouldn't impose a fee hike, we want to add value to what we are offering now.
Leave a comment:
-
Originally posted by Yehudi View PostHealth insurance is a very personal thing - some peopel want family cover, others have existing ailments they might want specifically cover. A policy which is cheap enough to absorb into your admin fee is (IMHO) likely to be next to useless for many people. Those that worry about health cover will find it insufficient. Those that don't worry will find it an unnecessary.
In addition there would be a benefit in kind for each employee, a p11d needed for each employee and the umbrella would have to pay Class 1a NIC of 13.8% on the cost of the benefits.
Leave a comment:
-
Health insurance is a very personal thing - some peopel want family cover, others have existing ailments they might want specifically cover. A policy which is cheap enough to absorb into your admin fee is (IMHO) likely to be next to useless for many people. Those that worry about health cover will find it insufficient. Those that don't worry will find it an unnecessary.
Leave a comment:
-
Originally posted by Wary View PostRather than spending a portion of the weekly fee on insurance, you may find that you can attract more contractors by reducing your fee by the corresponding amount.
I realise that there are now additional employment perks etc, but I personally still think of an umbrella as a convenient way to obtain payment and am only after a no-frills service.
Thank you for taking the time to respond to this, obviously when considering these type of benefits we can negotiate substantial discounts with the wholesale providers (it equates to less than £1 per week per contractor.) There is an option for the contractor to "increase cover" by paying an additional premium should they want to ..... Trying to gauge whether this would be seen as an un-necessary extra or if it would be welcomed as a benefit, hence the post.
I dont think that our fees are particularly expensive (and it would be us as a company funding this from our admin fee, we would not make an increase to cover the additional benefit)
Leave a comment:
-
Originally posted by iumbrella View PostWe want to offer a basic level of insurance which would come out of the existing admin fee. Our employees could then either top this up or leave it as they wanted. We obviously wouldn't impose a fee hike, we want to add value to what we are offering now.
I realise that there are now additional employment perks etc, but I personally still think of an umbrella as a convenient way to obtain payment and am only after a no-frills service.
Leave a comment:
-
We want to offer a basic level of insurance which would come out of the existing admin fee. Our employees could then either top this up or leave it as they wanted. We obviously wouldn't impose a fee hike, we want to add value to what we are offering now.
Leave a comment:
-
If it's optional, then fine. I wouldn't want to have my choice of health insurance dictated by my employer though, so if it was automatically included in your fee then I think that'd make you more expensive than most others for no good reason (since I have a long-standing insurance policy already).
Leave a comment:
-
Umbrella Company Benefits
Just looking for some constructive engagement here.....
I am the MD of Intelligent Umbrella, I am looking at the possibility of offering health insurance as part of our standard weekly/monthly charge. Is this something that would be of interest to you guys as contractors or do you think that the money needed to administer this could be better spent elsewhere? Trying to get a consensus of what would be best received.Tags: None
- 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: