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umbrella

  1. M

    Asked to change umbrella mid contract and payment withholding

    the chain is candidate - umbrella - recruitment agency - resource management firm - end client I opted into The Conduct of Agency Regulations 2003. agency has told me I "have" to move umbrella company as while its on their PSA its not (or at least no longer) on the resource management firms PSA...
  2. F

    Going to be my first Inside IR35. Recruiter being weird about Umbrella choices

    I haven't contracted inside IR35 before. I am now in a position where that is happening though, so am looking to sort something out. My recruiter has naturally suggested that they can help with that (i.e. which companies give them a kick back), and that there are two options: The recruiter...
  3. M

    Help understanding Employers NI and salary breakdown.

    Hi all I am trying to understand exactly how my IR35 payslip is broken down and have reached a bit of a stumbling block when it comes to Employers NI. So to help clarify my question, I will use some example figures to illustrate the point... Total income to Umbrella company: £10,400 Umbrella...
  4. R

    25 years on and has much changed you ask... (RIP Rob Crossland)

    Good evening from sunny Staffordshire... My name is Rob and I am an.... ex-umbrella bod :tongue. I originally founded and was CEO of a business called Parasol which became Optionis etc. Before you swear at me, I fully and completely exited in late 2016 and had zero involvement with the Group...
  5. M

    Loan schemes

    Hi, Has anyone previously been involved with loan schemes and had to pay back HMRC? Were there any penalties involved and did you pay full tax on said loans? I know these umbrella companies already take 20% of the clients wage so do HMRC take that into account? I was using pembroke umbrella...
  6. I

    ORANGE GENIE (tax home pay <50%)

    Haven't scanned this site for a while, I see my ex-brolly have been caught dipping their fingers in the till as it where. Wasn't my intent to post this, it did cause me massive grief at the time. given certain revelations such as their skimming behaviour, better late than never, also I don't...
  7. F

    Pension salary sacrifice increase following new annual allowance.Which dates matter?

    If you want to increase your pension salary sacrifice deduction rate with an umbrella due to the increase in the annual pension allowance to £60k (not due to an individual 'lifestyle change'). Are there any rules around when you can apply the new deduction rate, in relation to potential new tax...
  8. R

    Intellectual Property Indemnity via Umbrella

    Is it usual for Umbrella contractors to be asked to sign separate IP agreements with the Agent to personally indemnify and keep indemnified against any and all Intellectual Property infringement claims connected to the service? ​​​​
    • Res
    • Thread
    • contract indemnity indemnity insurance intellectualproperty umbrella
    • Replies: 3
    • Forum: Business / Contracts
  9. R

    Receiving payments in crypto

    Hi, I'm planning to work/contracting for crypto companies doing, I haven't done any contracting before, I have been going through how contracting works at the moment. More often the crypto outfits do not have any address or location and I would be paid in crypto (USDC) I would have to get that...
    • ram1244
    • Thread
    • accountant contract limited company umbrella
    • Replies: 7
    • Forum: Welcome / FAQs
  10. M

    100k+ Tax threshold through umbrella

    Hi all After having my tax code shifted around recently and taking a large tax chunk out of take home pay I am keen to understand the most efficient use of earnings in the new tax year coming up. My day rate with my agency is 500pd, meaning HMRC have put my expected earnings next year to be...
  11. 0

    New to contracting - oversea client - in/out IR35 - umbrella/ltd - uk/europe

    Hi everyone! I'd like to ask you for some help to make the best decision. Here's my situation: Currently working as perm The client I'd be contracting for is based in the US (which is why they can only hire me as a contractor in the UK) They don't have a clue of what inside/outside IR35 means...
  12. J

    Expensing/Tax Relief on Computer Equipment - Umbrella Employee

    Hi, new to the forum and the contracting/umbrella world so apologies if this is the wrong section. I have recently become an employee for an umbrella company. The job that I am undertaking requires computer equipment (laptop) but I do not have one personally and currently just borrowing one. Is...
  13. F

    Switching between outside and inside IR35 - tips?

    Hello My current outside IR35 contract is ending soon and I've just got an offer for an inside IR35 contract which according to the generic contractor salary calculator means a quite nice pay increase: from 400d outside to 700d inside. My preference is outside IR35 but this is a good client and...
  14. B

    Parasol Umbrella seem to have disappeared today

    The Parasol website (myparasol.co.uk) seems to have disappeared this morning and their phone numbers don't ring through. The websites for Nixon Williams and ClearSky accounting that I think are linked seem to respond still but none of their phone numbers work either. Is anyone else on here...
  15. F

    Umbrella Pension Salary Sacrifice of One-off Bonus Payments

    Does anyone know if there are any umbrella companies which facilitate additional pension salary sacrifice contributions for any one-off bonus payments received? I'm meaning separate and in addition to any normal agreement set up at the start for any £x per day to be deducted and contributed...
    • foxyy
    • Thread
    • bonus pension contributions salary sacrifice umbrella
    • Replies: 11
    • Forum: Umbrella Companies
  16. F

    Looking for a second contract whilst currently in an existing contract

    Hi all, im currently in a full time contract, which is 100% WFH. As I have sufficient bandwidth to look and apply for a second contract. The question is - do I let the recruitment agent (for either the new or existing contract) or my even my current client- know?
  17. W

    Can I rent a home as a contractor working via an umbrella company

    I recently started contracting through an umbrella company and am in my second month of a 6 month contract. I currently rent and want to move and rent somewhere else but am worried that I may have a problem being accepted. I have an excellent credit rating, good relationship with my current...
  18. C

    SG Umbrella vs Paystream vs Contractor Umbrella

    Hi All I'm due to start a contract in about a months time that's inside IR35 so I need to signup to an Umbrella. Agency I'm using has a PSL and from the great info on this site I've narrowed down to SG Umbrella, Paystream or Contractor Umbrella, all of whom I'm contacting to get quotes and...
  19. J

    Letter from HMRC regarding possible involvement in Tax avoidance

    Hello everyone. I am looking for some advice, if possible. I have gotten the HMRC letter saying you may be involved in a possible tax avoidance scheme. However I get my weekly payment all as a single sum and when looking at my payslip tax and NI appear to be correct. I am posting the...
  20. R

    Brookson Umbrella Issues / Problem

    Hi All Second month with Brookson Umbrella (forced to use by agency) and this month they managed to overpay me by £836 by making the mistake of allocating someone else invoice to me. They amended my second months wage slip and set me up to their Aegon pension scheme and made a loan charge...

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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