Hi all,
Just picking up a new contract gig and have been put in touch with Parrotpay as an umbrella. Anyone have any experience of these guys? They appear to offer two methods of payment, one is paying slightly more than the other. High level figures:
£600/day.
£1690/week on the regular PAYE scheme
£1850/week on a slightly different scheme which includes some dividend payments, like a more traditional limited company approach
Neither figure seems particularly unsafe but I've been bitten by the loan charge and want to make sure I am absolutely whiter than white when coming in to this, hence I'm falling in favour of option 1. Anyone have any experience of these guys? I've done a search but can't find much/anything about them. I also shut down my limited company last year so am concerned that taking dividend payments in this way might open me up to additional tax on the money I took out of my limited company when I closed it down.
I've asked all of these questions/raised these concerns with the company and am waiting for feedback but just curious if anyone has any insights.
Just picking up a new contract gig and have been put in touch with Parrotpay as an umbrella. Anyone have any experience of these guys? They appear to offer two methods of payment, one is paying slightly more than the other. High level figures:
£600/day.
£1690/week on the regular PAYE scheme
£1850/week on a slightly different scheme which includes some dividend payments, like a more traditional limited company approach
Neither figure seems particularly unsafe but I've been bitten by the loan charge and want to make sure I am absolutely whiter than white when coming in to this, hence I'm falling in favour of option 1. Anyone have any experience of these guys? I've done a search but can't find much/anything about them. I also shut down my limited company last year so am concerned that taking dividend payments in this way might open me up to additional tax on the money I took out of my limited company when I closed it down.
I've asked all of these questions/raised these concerns with the company and am waiting for feedback but just curious if anyone has any insights.
Comment