Hello
Newbie here......
Apologies this has probably already been asked a million times but......
I'm confused between Umbrella and PAYE!
I understand how PAYE is calculated (Personal allowance / Tax / NI) but what's the benefit of an Umbrella company when potentially you are going to pay them approx (£25 per week / £100 per month) just to process your wages. Just seems a bit odd to me, so must be missing something here?
I'm in the process of accepting a new job (40 hour week / £25 per hour) I believe it's inside IR35.
I would be prepared to do Ltd if there would be a significant difference in the bottom line over a 12 month period.
Any comments / advice is much appreciated.
Thank you in advance
Newbie here......
Apologies this has probably already been asked a million times but......
I'm confused between Umbrella and PAYE!
I understand how PAYE is calculated (Personal allowance / Tax / NI) but what's the benefit of an Umbrella company when potentially you are going to pay them approx (£25 per week / £100 per month) just to process your wages. Just seems a bit odd to me, so must be missing something here?
I'm in the process of accepting a new job (40 hour week / £25 per hour) I believe it's inside IR35.
I would be prepared to do Ltd if there would be a significant difference in the bottom line over a 12 month period.
Any comments / advice is much appreciated.
Thank you in advance
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