• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.

*rant* Umbrellas - FCSA members illustrations / calcs - 52 working weeks FFS

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #41
    Originally posted by mjcp View Post
    An open rant to umbrellas and specifically the FCSA members:

    Why do umbrellas give illustrations with 52 weeks worked when there is a statutory entitlement to 5.6 weeks paid holiday p.a. ?

    More specifically, why do members of the "trade body", where membership is supposed to demonstrate compliance (and by extension, quality) persist in using a non compliant working illustration on their sites and calculators? How hard is it to either add a field for No of weeks worked or simply default it to 48 (or 47.4)? (not very)

    Yes, yes... I understand that not everyone will take worked week into account when they sign up, all the more reason to ensure members claiming to be good via FCSA membership demonstrate it. (I did say it was a rant)

    rant /off


    M
    I had this situation the other day, a contractor asked me why his take home pay was less with our umbrella when compared to a large well known FCSA Umbrella.

    In this situation the umbrella in question had not only presented their figures based on 52 weeks worked, they had neglected to adjust the individuals personal allowance for earnings over £100k.

    This created some highly inflated, yet misleading figures, that would also have resulted in a £5k tax bill, given his earnings were expected to exceed £125k.

    I am sure we must lose business this way, but I hope such transparency will win out in the long run.

    Comment


      #42
      Originally posted by contractor_coop View Post
      I had this situation the other day, a contractor asked me why his take home pay was less with our umbrella when compared to a large well known FCSA Umbrella.

      In this situation the umbrella in question had not only presented their figures based on 52 weeks worked, they had neglected to adjust the individuals personal allowance for earnings over £100k.

      This created some highly inflated, yet misleading figures, that would also have resulted in a £5k tax bill, given his earnings were expected to exceed £125k.

      I am sure we must lose business this way, but I hope such transparency will win out in the long run.
      The FCSA have quietly rigged a nice little cartel for themselves:

      1. Create a name the sort-of sounds like the FCA (a proper gov't watch dog) = starting point to claim credibility
      2. Convince Agents that FCSA members are legit and the bastion of high standards in the "cesspool" of the umbrella market (ignoring a number of FCSA members who have decidedly iffy histories... e.g. CVAs etc in their history for HMRC liabilities, pervious form for pushing "enhanced tax planning schemes" etc) = agents only use (allow) FCSA members
      3. Restrict who can join based on arbitrary criteria that change on a whim = a cartel.

      What a crock!

      M

      Comment


        #43
        What does FCSA get you?

        Hi all,

        I am rapidly trying to educate myself on Umbrella companies due to IR35 changes.

        I have read a heck of a lot of threads. I understand that some schemes have flexibility on salary sacrifice for pensions etc and others don't.

        What I don't understand; what is the significance of agencies that are FCSA members, like Paystream and non FCSA members like Clarity ?
        What service can FCSA member offer that non members cannot ?

        Thanks

        Comment


          #44
          They go through an accreditation process that allows them FCSA approval/membership. The problem is they set the bar so high its crushing anyone new coming to the market so creating a closed shop.

          It's not really about different offers, just that they've met the criteria of the FCSA review.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

          Comment


            #45
            Originally posted by northernladuk View Post
            They go through an accreditation process that allows them FCSA approval/membership. The problem is they set the bar so high its crushing anyone new coming to the market so creating a closed shop.

            It's not really about different offers, just that they've met the criteria of the FCSA review.
            Thanks, so not being an FCSA member does not restrict an umbrella from offering pension schemes and other salary sacrifice schemes ?
            It is just about adhering to a set of standards and having a body you can use for independent appeal ?

            Comment


              #46
              Originally posted by Freud View Post
              Thanks, so not being an FCSA member does not restrict an umbrella from offering pension schemes and other salary sacrifice schemes ?
              It is just about adhering to a set of standards and having a body you can use for independent appeal ?
              appeal what?

              It's a cartel designed to protect current members who include a set of cowboys who pulled tax avoidance techniques years back...

              What the FCSA isn't doing is anything to protect the general public, they only care about protecting their membership..

              Now I will say that an FCSA member is a better check than Professional Passport (who we saw advertising a tax avoidance scheme last week) but any legitimate umbrella is fine.
              merely at clientco for the entertainment

              Comment


                #47
                Originally posted by Freud View Post
                Thanks, so not being an FCSA member does not restrict an umbrella from offering pension schemes and other salary sacrifice schemes ?
                It is just about adhering to a set of standards and having a body you can use for independent appeal ?
                More of a box ticking exercise that is mostly worthless - I would rather have personal recommendations rather than FCSA any day of the week


                Sent from my iPhone using Contractor UK Forum

                Comment


                  #48
                  Originally posted by GhostofTarbera View Post
                  More of a box ticking exercise that is mostly worthless - I would rather have personal recommendations rather than FCSA any day of the week


                  Sent from my iPhone using Contractor UK Forum
                  This...
                  'CUK forum personality of 2011 - Winner - Yes really!!!!

                  Comment


                    #49
                    They charge £35,000 membership

                    Comment


                      #50
                      Originally posted by Anonimouse View Post
                      They charge £35,000 membership
                      How fookin much??? Is that for real?? Linky. F me. I though it was a high bar but not that much. That's outrageous.
                      'CUK forum personality of 2011 - Winner - Yes really!!!!

                      Comment

                      Working...
                      X