IR35 post April 2020: Choosing a legitimate Umbrella

[Seahorse17]

I get a load of deleted posts?

[TheFaQQer]

I get a load of deleted posts?

I'm not sure if my FAQ answers your question or not - IR35 FAQs

If not, let me know - I'm away enjoying an a free holiday at the moment and limited to only using my phone occasionally but I'm happy to try to help if I can.

[Seahorse17]

Thanks - had just found it! Appreciate your efforts.

[drob1984]

Does anyone know of any umbrella company that allows you to pay into your own SIPP as opposed to using their "default provider scheme". Have tried a few and no luck so far.

Finding this would help with any transition from Ltd Co. to Umbrella.

[northernladuk]

Does anyone know of any umbrella company that allows you to pay into your own SIPP as opposed to using their "default provider scheme". Have tried a few and no luck so far.

Finding this would help with any transition from Ltd Co. to Umbrella.

No. They generally don't care about doing anything more than the absolute minimum to meet legislation.

That said Contractor Umbrella used to allow you to put as much as you want in to their scheme. Once you are done you just transfer it to your SIPP.

[BR14]

No. They generally don't care about doing anything more than the absolute minimum to meet legislation.

That said Contractor Umbrella used to allow you to put as much as you want in to their scheme. Once you are done you just transfer it to your SIPP.

WNLUKS.

it was scottish widows IIRC and no transfer fees either.

[lucyclarityumbrella]

As you are the employee of the umbrella company, the pension goes into the Group Pension Scheme, but as others have said, there are companies that will allow transfers at no cost, in which case you just transfer it once your assignment with the umbrella is done

[CanPayButWouldRatherNot]

If you've come here looking for advice regarding umbrella companies here it is.

Choose a company that complies with HMRC guidelines and current UK legislation*.

You can find a selection here: Ask an Umbrella Company - All Umbrella Companies Are Equal

Some companies will offer you the moon on a stick, or 85%+ of your day rate. It sounds too good to be true, doesn't it?

That's because it is.

Have a read of this: Don't be fooled by imposter umbrella companies

Because if you join them you will very likely end up here HMRC Scheme Enquiries

And for newbies, definitely don't join a company with offices in the Isle of Man or Jersey.

Just don't.

(*When an umbrella states that they are 'Fully HMRC compliant', ask them what they mean by this - do they mean that they comply with HMRC guidelines? HMRC do not offer compliance reviews and will not 'approve' umbrella companies. Basically they say this just to get you to sign up.)

@cojak that first link doesn't exist anymore

"You can find a selection here: Ask an Umbrella Company - All Umbrella Companies Are Equal"

[cojak]

Thanks, I’ll remove.

[eek]

@cojak that first link doesn't exist anymore

"You can find a selection here: Ask an Umbrella Company - All Umbrella Companies Are Equal"

Yep - the site was removed because it sadly wasn't working and could not compete against the adverts some people placed around the search results.

Can I add here that umbrella companies really don't have the money to run expensive advertising campaigns. If you are seeing a lot of adverts for a particular firm really ask yourself how they can afford those adverts.