Hi everyone,
I've found this umbrella company called PAYE.com which seems quite interesting. I haven't been able to find any threads on them in the forum and, since they feel different from the other alternatives out there, I'd like to get your perspective.
They're basically a hedge fund that works like this:
- you get 75% of the gross rate in total, of which
- the remaining 25% of the gross rate is used by the hedge fund for their investments
- you get a return on the investment after 6 years from the tax year
They claim the difference with other umbrella companies is that they operate as a hedge fund without issuing any loans (you don't owe them any money - if any, they own you).
The key is they pay you using the cash advance (which doesn't have any taxes) for giving them 25% of your gross rate. Then, they generate profit by investing your money and finally they reward you for that after 6 years.
More details here:
<links removed>
Thanks in advance!
I've found this umbrella company called PAYE.com which seems quite interesting. I haven't been able to find any threads on them in the forum and, since they feel different from the other alternatives out there, I'd like to get your perspective.
They're basically a hedge fund that works like this:
- you get 75% of the gross rate in total, of which
- 25% of that is paid as net minimum wage and taxes have been already applied on that beforehand
- the remaining 50% is paid as 'cash advance'
- the remaining 25% of the gross rate is used by the hedge fund for their investments
- you get a return on the investment after 6 years from the tax year
They claim the difference with other umbrella companies is that they operate as a hedge fund without issuing any loans (you don't owe them any money - if any, they own you).
The key is they pay you using the cash advance (which doesn't have any taxes) for giving them 25% of your gross rate. Then, they generate profit by investing your money and finally they reward you for that after 6 years.
More details here:
<links removed>
Thanks in advance!
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