Difficulty choosing Umbrella from PSL

[castroneves]

I'm trying to choose a brolly for a new assignment that's been deemed Umbrella only, I'd ideally use Contractor Umbrella, but they are not on the PSL. I've asked if an exception can be made and been told 'probably not' but awaiting confirmation.

As it stands I have to choose from:

- Exchequer Solutions
- Paystream
- Focused Consulting
- Sterling Solutions
- KPPES
- Green Lantern
- Crest Plus
- NWM Solutions
- Clipper
- Giant
- 360 Worldwide
- JSA Services
- Orange Genie
- Danbro
- Parasol
- FPS

I haven't heard of most of these and it's been quite hard going reviews etc of them. Does anyone have any insights on/experience with any of these?

[Acme Thunderer]

I'm trying to choose a brolly for a new assignment that's been deemed Umbrella only, I'd ideally use Contractor Umbrella, but they are not on the PSL. I've asked if an exception can be made and been told 'probably not' but awaiting confirmation.

As it stands I have to choose from:

- Exchequer Solutions
- Paystream
- Focused Consulting
- Sterling Solutions
- KPPES
- Green Lantern
- Crest Plus
- NWM Solutions
- Clipper
- Giant
- 360 Worldwide
- JSA Services
- Orange Genie
- Danbro
- Parasol
- FPS

I haven't heard of most of these and it's been quite hard going reviews etc of them. Does anyone have any insights on/experience with any of these?

All of them should give you about the same money. Check if any will allow you to pay into your SIPP as salary sacrifice therefore saving on Employer and Employees NI along with PAYE.

I have just started with Paystream, "just" as in started this month and only had a couple of weekly payslips. Found them fairly straightforward to join as for payments, money reaches the back account the same day it would if the agency had paid my LTD directly. They also allow SIPP payments as salary sacrifice.

[lucyclarityumbrella]

I haven't heard of most of these and it's been quite hard going reviews etc of them. Does anyone have any insights on/experience with any of these?

Pick up the phone and make sure they can explain it all, it's a lot easier to make a decision based on a conversation

[castroneves]

All of them should give you about the same money. Check if any will allow you to pay into your SIPP as salary sacrifice therefore saving on Employer and Employees NI along with PAYE.

I have just started with Paystream, "just" as in started this month and only had a couple of weekly payslips. Found them fairly straightforward to join as for payments, money reaches the back account the same day it would if the agency had paid my LTD directly. They also allow SIPP payments as salary sacrifice.

Thanks!, this is really helpful

[WavyDavy]

Umbrella Recommendations

Simple question. Help appreciated.

Are there any FCSA approved umbrella companies that offer tax planning and optimisation over and above the standard PAYE arrangements, for a very short-term contract?

Any recommendations appreciated.

Well aware of some of the opinions on the above - looking for a recommendation rather than a debate

Many thanks!

[eek]

Simple question. Help appreciated.

Are there any FCSA approved umbrella companies that offer tax planning and optimisation over and above the standard PAYE arrangements, for a very short-term contract?

Any recommendations appreciated.

Well aware of some of the opinions on the above - looking for a recommendation rather than a debate

Many thanks!

For a short term contract it isn't worth their while - their job is to pay you...

[VelcroPower]

Simple question. Help appreciated.

Are there any FCSA approved umbrella companies that offer tax planning and optimisation over and above the standard PAYE arrangements, for a very short-term contract?

Any recommendations appreciated.

Well aware of some of the opinions on the above - looking for a recommendation rather than a debate

Many thanks!

Simple answer. No.

[wattaj]

Simple question. Help appreciated.

Are there any FCSA approved umbrella companies that offer tax planning and optimisation over and above the standard PAYE arrangements, for a very short-term contract?

Any recommendations appreciated.

Well aware of some of the opinions on the above - looking for a recommendation rather than a debate

Many thanks!

Simple answer. No.

The slightly more complicated answer is "maybe". BUT... the only scope that they have -- or at least that the legitimate umbrella companies have -- is to let you lump cash into your pension. This will reduce your tax liability, but you won't be able to spend the money until you retire.

HTH.

[northernladuk]

Simple question. Help appreciated.

Are there any FCSA approved umbrella companies that offer tax planning and optimisation over and above the standard PAYE arrangements, for a very short-term contract?

Any recommendations appreciated..

Well aware of some of the opinions on the above - looking for a recommendation rather than a debate

Many thanks!

I very much doubt they will give financial advice for obvious reasons. They can give you facts but that's it.

[eek]

Simple question. Help appreciated.

Are there any FCSA approved umbrella companies that offer tax planning and optimisation over and above the standard PAYE arrangements, for a very short-term contract?

Any recommendations appreciated.

Well aware of some of the opinions on the above - looking for a recommendation rather than a debate

Many thanks!

Actually based on conversations I'm currently part of.

Just Don't

Just work out YOURSELF what you need to live on, what you can afford to put into your pension and find one that does salary sacrifice.

And ensure everything that isn't going into your pension is paid to you via PAYE in a single payment with a separate payslip that shows exactly where every penny went (umbrella company,Pension, HMRC, your bank account).