97% salary retention with umbrella company

[cwah]

Hello,

Just had a call from an umbrella company telling me they are able to give 97% salary retention with their scheme. And they say it's perfectly legal, which is using the same principle of offshore payment as Google and Facebook are using.

It's absolutely safe and legal.... This is not tax avoidance!


However I told them I wasn't interested because I'm already being chased by HMRC for Felicitas from 5 years ago.....


I'm still surprised to receive such a call nowadays... Is it a plot from HMRC in order to get more money from contractors?

[ladymuck]

Name and shame the company. It's no warning to others if you don't tell us who called.

While naive people continue to exist, there will always be a way to exploit them. HMRC won't take on umbrella regulation to ensure they are compliant so the door is wide open for schemes to continue to exist.

[lucyclarityumbrella]

I'm speaking with an agency at the moment who is being bombarded by a broker who is pushing the same they don't get to know who the brolly is at that point either
Conversations with BEIS says the regulation is coming... just got to see when and hope it isn't too late for those tempted when IR35 kicks in!

[GhostofTarbera]

People will still sign up in droves


Sent from my iPhone using Contractor UK Forum

[cwah]

Name and shame the company. It's no warning to others if you don't tell us who called.

While naive people continue to exist, there will always be a way to exploit them. HMRC won't take on umbrella regulation to ensure they are compliant so the door is wide open for schemes to continue to exist.

I couldn't hear properly the name of the company, but the phone number is +44 1923 882548. I tried a google lookup and it shown the company might be NEUTRAL FINANCIAL SERVICES? Couldn't find their website.

[eek]

People will still sign up in droves


Sent from my iPhone using Contractor UK Forum

For they know no better and it still isn't obvious why it's a bad idea.

Hopefully that will be fixed soon and there will be an easy means of identifying whether an umbrella is dodgy or not

At which point anyone greedy and stupid enough to join such a scheme won't have my sympathy.

[WTFH]

I couldn't hear properly the name of the company, but the phone number is +44 1923 882548. I tried a google lookup and it shown the company might be NEUTRAL FINANCIAL SERVICES? Couldn't find their website.

The word "Neutral", you've got that from a phone number lookup that is telling you whether it is harassing, spam, neutral or safe, not that the company is called "Neutral"

[WTFH]

Tax Club are still claiming 90%, and still using logos for NHS, Sky etc.

[eek]

Tax Club are still claiming 90%, and still using logos for NHS, Sky etc.

I'm more scared and concerned about the ones that offer 60-70% personally..

[ladymuck]

The word "Neutral", you've got that from a phone number lookup that is telling you whether it is harassing, spam, neutral or safe, not that the company is called "Neutral"

And that the type of company is 'Financial Services'

Gave it a call, redirects to an international number judging by the type of ringing. No answer sadly.