I'm new to contracting can anyone recommend the best Umbrella company to use and has anyone used Accessa? They seem to use a company share scheme to enable them to pay you 80% Net? Has anyone used this method before and is it OK?
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"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank... -
WCS - if it seems too good to be true it very probably is. Basic tax free allowance is £9440 per year - basic tax rate is 20%, higher rate on earnings over £32k is 40%. The scheme provider will take a fee of anywhere between 5% and 12% of the contract value. If you work out the maths 80% seems too good to be true doesn't it
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