New umbrella company required!

[LisaContractorUmbrella]

Assuming these are the only deductions (no pension payments etc), I calculate the Employers NI as £277.82

Monthly

Income 4300.00
Expenses 1300.00



Employer's NI 282.06
Employee's NI 243.71
Employee Tax 402.00
Total All Tax 927.77
Fees 85.00
Total Net Income 3,287.23

This is using our calculator so fees are £85 pm rather than £120 but it should give you a good idea

[The Spartan]

Assuming these are the only deductions (no pension payments etc), I calculate the Employers NI as £277.82

I'm currently not paying into a pension so they're the only deductions I know of

[The Spartan]

Thanks Lisa you're a star, I'll post the actual figures I'm given once I get paid this should be interesting

[aussiecontractor]

..

Monthly

Income 4300.00
Expenses 1300.00



Employer's NI 282.06
Employee's NI 243.71
Employee Tax 402.00
Total All Tax 927.77
Fees 85.00
Total Net Income 3,287.23

This is using our calculator so fees are £85 pm rather than £120 but it should give you a good idea

Interesting, Lisa im sure your busy but could you please do the same for me, just out of curiosity. I would be interested in comparing with my actuals.

Invoiced Amount = 8500
Expenses = 0
Fee = 120


many thanks.

[TheFaQQer]

Interesting, Lisa im sure your busy but could you please do the same for me, just out of curiosity. I would be interested in comparing with my actuals.

Invoiced Amount = 8500
Expenses = 0
Fee = 120


many thanks.

The calculator that Lisa references is on their website. Assuming £85 fees, it gives:

Employer's NI 949.02
Employee's NI 431.15
Employee Tax 2,153.86
Total All Tax 3,534.03
Fees 85.00
Total Net Income 4,880.97

[Steven@Parasol]

Steven is the PR manager so he will come on here and defend parasol but when he says he is going to get someone to look at your query dont believe him, I did, then took my foot off the gas and its got me nowhere.

Steven is the PR manager so he will come on here and defend parasol but when he says he is going to get someone to look at your query don’t believe him, I did, then took my foot off the gas and its got me nowhere.
Morning all, sorry for the late response but I have been out of the office and had a days annual leave yesterday. Skillmaster, I did tell you that in the email I sent you last Thursday and I'm sorry no one else has been in touch yet.

I wanted to give a bit information about what happens once we spot the threads on here. They are usually flagged up to me and I will investigate the situation and collate any comments/critisisms etc. I will now be working my way down the thread and will collate all the comments, questions and feedbacks.

I then take these to our Senior Operations Manager who coordinates reponses to everyone via the employee support team. Our senior management team is also made aware of the situation.

If anyone has a query can you please DM me with your details or email me at steven.proud@parasolgroup.co.uk so that I can look in to your individual records. I can't always spot this from CUK usernames.

I am not allowed however to post any information that is personal to one of our employees on a public forum.

Please bear with me while I work through everyone's comments.

Thanks

Steven

[LisaContractorUmbrella]

Interesting, Lisa im sure your busy but could you please do the same for me, just out of curiosity. I would be interested in comparing with my actuals.

Invoiced Amount = 8500
Expenses = 0
Fee = 120


many thanks.

Monthly

Income 8500.00
Expenses 0.00



Employer's NI 949.02
Employee's NI 431.15
Employee Tax 2,153.86
Total All Tax 3,534.03
Fees 85.00
Total Net Income 4,880.97

Here you go

[LisaContractorUmbrella]

Thanks Lisa you're a star, I'll post the actual figures I'm given once I get paid this should be interesting

You're welcome

[TheFaQQer]

Total Net Income 4,880.97

Here you go

KUATB

[LisaContractorUmbrella]

KUATB

I don't know what that means Faqqer But it looks like great minds think alike