Umbrella and paye advice

[shabak]

Hello Gents, since of course like everyone now I have to choose between PAYE and Umbrella please advice me about the below Umbrellas (what you think about them) as I have no idea:
1. GIANT
2. JSA
3. ICS
4. PAYSTREAM
5. BROOKSON ONE

I understand that PAYE salary is lower from what I see, and umbrella still losing these 40% It is so sad....

[cojak]

Moved to the correct forum.

If you have a read of the threads you'll probably find your answer.

[GhostofTarbera]

Hello Gents, since of course like everyone now I have to choose between PAYE and Umbrella please advice me about the below Umbrellas (what you think about them) as I have no idea:
1. GIANT
2. JSA
3. ICS
4. PAYSTREAM
5. BROOKSON ONE

I understand that PAYE salary is lower from what I see, and umbrella still losing these 40% It is so sad....

Losing 40% is wishful thinking, you will be looking at 54% return at best with all of above

And remember no expenses





Sent from my iPhone using Contractor UK Forum

[eek]

Worth posting the LITRG-Factsheet-working-through-an-umbrella-company-2020.pdf and LITRG-Factsheet-agency-workers-2020.pdf factsheets

As for those options - all much of a much ness.

Remember as Tarbera says you won't get expenses and the only thing you can do to reduce tax immediately is to pay into a pension via salary sacrifice so see who can do what.

[northernladuk]

Moved to the correct forum.

If you have a read of the threads you'll probably find your answer.

What Cojak says. Better still is to search each of the providers and see if you can find feedback given in the past. It's asked so often now people don't bother regurgitating the same information.

In google type giant site:contractoruk.com/forums

Change the keyword to the different providers.

[shabak]

So basically what you guys are choosing? PAYE or UMBRELLA?

[eek]

So basically what you guys are choosing? PAYE or UMBRELLA?

PAYE - lower rate but you should also get holiday pay that makes up some of the difference
Umbrella - more money and slightly more flexability

Is it common practice agent keeps the employer NIC savings for pension contribution? (contractoruk.com)

will explain why

With an umbrella the money the umbrella gets should be fully under your control (so you can salary sacrifice 40k and all the employer NI side of things will go into your pension).
With the agency it can keep any employer NI savings for themselves as it's their money and not yours.

[shabak]

Thank you very much for answers!

[coronasan]

Thank you very much for answers!

You must be at Tesco?