Umbrella choice advice please

[ladymuck]

Always worth asking if the list is a true PSL that has to be adhered to, or just a suggestion for people who don't have an umbrella in place

[lucyclarityumbrella]

1. Focused Consulting Umbrella.
2. Paystream
3. PayMe
4. Pyntronot Payroll

Makes for interesting reading
The last one on the list states this on their site, so not even sure if they are actually an umbrella:
"The Pytronot team are able to run your whole recruitment payroll administration for all your clients, regardless of the type of business they own. We work with umbrella companies, limited companies and PAYE contractors across the entirety of the United Kingdom."
Nice bit of due diligence there

[TheInvoicer]

I can’t imagine that end clients care about which umbrella and they leave that to the agency to sort out.
I would assume agencies are looking to resolve the loss of income through ir35 etc by forcing an umbrella chosen by them so they can agree an improved margin in the chain at the various stages .No idea just a guess.


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[lucyclarityumbrella]

I can’t imagine that end clients care about which umbrella and they leave that to the agency to sort out.
I would assume agencies are looking to resolve the loss of income through ir35 etc by forcing an umbrella chosen by them so they can agree an improved margin in the chain at the various stages .No idea just a guess.

End clients should care, especially if the liabilities falls on them at any point My guess if that IR35 isn't going to actually cause any financial loss to the agency (I could be wrong) but they are not the ones that are having to account for any additional taxes, unless they are taking a cut in their percentage to assist covering those costs for the contractor, or the end client is cutting their percentage to up the contract rate.

[Greenjuicesmoothie]

I can’t imagine that end clients care about which umbrella and they leave that to the agency to sort out.
I would assume agencies are looking to resolve the loss of income through ir35 etc by forcing an umbrella chosen by them so they can agree an improved margin in the chain at the various stages .No idea just a guess.


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I suspect that too.

[coder]

Hi

I've not used any of the above but it was mentioned in another thread that paystream allow u to pay into a sipp for £2.60 a week which would allow u to use your existing pension

[Plot72]

Makes for interesting reading
The last one on the list states this on their site, so not even sure if they are actually an umbrella:
"The Pytronot team are able to run your whole recruitment payroll administration for all your clients, regardless of the type of business they own. We work with umbrella companies, limited companies and PAYE contractors across the entirety of the United Kingdom."
Nice bit of due diligence there

I drew a similar conclusion but thought possibly misread the option. The agent repeated the list and added Focused Consulting to the list of restricted Umbrellas.

[cojak]

I drew a similar conclusion but thought possibly misread the option. The agent repeated the list and added Focused Consulting to the list of restricted Umbrellas.

Hmmm. I would be very suspicious of any ‘umbrella’ that requires a phone call to explain what your take home would be, a proper umbrella’s explanation is straightforward and usually available on the website via a calculator.

I would use Paystream if I were you.