Long time lurker, first time poster.
I've just been offered a role, which can be fixed term on the clients books as PAYE or via an Umbrella and I'm trying to weigh up the best option.
PAYE wise: I have my day rate + 33 days paid holiday, + 3% pension contribution
Umbrella wise: I have the same day rate + holiday pay factored for 33 days of the year + 3% pension + employers NI + apprenticeship levy.
On the face of it, they seem pretty even and both should allow me to max out my pension contribution via salary sacrifice.
The only real significance difference I can see ( I think) is the saving on Employers NI where they pay me gross and I use salary sacrifice, which reduces the liability.
Is there anything else I am missing?
I've just been offered a role, which can be fixed term on the clients books as PAYE or via an Umbrella and I'm trying to weigh up the best option.
PAYE wise: I have my day rate + 33 days paid holiday, + 3% pension contribution
Umbrella wise: I have the same day rate + holiday pay factored for 33 days of the year + 3% pension + employers NI + apprenticeship levy.
On the face of it, they seem pretty even and both should allow me to max out my pension contribution via salary sacrifice.
The only real significance difference I can see ( I think) is the saving on Employers NI where they pay me gross and I use salary sacrifice, which reduces the liability.
Is there anything else I am missing?
Comment