Umbrella Co -Self-employed ?

[lucyclarityumbrella]

The contract with the umbrella company states that there is no employment contract with them, they are deemed as an employer only for the purposes of tax and NI collection by HMRC.

NOT an umbrella company then, a true umbrella company will have a contract of employment with you - End of.

[lucyclarityumbrella]

Might be worth a quick glance of this previous thread:
"I have been with Maxipay in Tunbridge Wells and they were awful - I now have a tax bill to pay and can't get any answers from them why I have got it" quoted from https://forums.contractoruk.com/acco...-plague-5.html

[ss002d6252]

NOT an umbrella company then, a true umbrella company will have a contract of employment with you - End of.

Thanks.

Starting to wonder if a change to another umbrella company would be worth it to make sure everything runs OK long term, perhaps the current deal is 'too cozy' for the agency. If another umbrella company is used then does anyone know any who are good for nursing and good give a prediction of what the net wages would be for a certain gross rate ?

This agency already haven't responded to a query that was sent to them nearly a week ago, which doesn't bode well.

[VelcroPower]

... does anyone know any who are good for nursing and good give a prediction of what the net wages would be for a certain gross rate ?.

It should be the same wage wherever you ask with just the margin being the difference. If people are offering higher take home pays it's because a) Dodgy schemes c) Dodgy assumptions in their calculator

If you need a realistic stab at take home pay then I suggest you use the one on the contractorumbrella website - bear in mind though these are only ever illustrations and your own circumstances will affect it depending on previous earnings, tax code, student loan repayments etc.

https://www.contractorumbrella.com/calculator.html

[ss002d6252]

It should be the same wage wherever you ask with just the margin being the difference. If people are offering higher take home pays it's because a) Dodgy schemes c) Dodgy assumptions in their calculator

If you need a realistic stab at take home pay then I suggest you use the one on the contractorumbrella website - bear in mind though these are only ever illustrations and your own circumstances will affect it depending on previous earnings, tax code, student loan repayments etc.

https://www.contractorumbrella.com/calculator.html

Thanks - a rough estimate will do as I just get some bad vibes about the current setup.

[LoughriggFell]

Band 6 capped rates, 37.5 hours - gross £862 net £521.01 through a well respected umbrella company.

When you take into account sick pay/ holiday/pension not to mention time without work you are worse off than a permanent member of staff.

[lucyclarityumbrella]

Best estimate - if you hit the 40% tax bracket you can expect to take home around 52-56% of your contract day rate - assuming a standard tax code and as said previously assuming no other PAYE earnings etc