Anyone here using Payscheme+ Anyone here using Payscheme+
Posts 1 to 6 of 6
  1. #1

    shahsy

    Guest

    Default Anyone here using Payscheme+

    I'm due to start a contract next week and have been looking at umbrella co's. One that seemed interesting is Payscheme+.

    Is there anyone here that has used them or is currently using them?

    www.payschemeplus.com/index.php?loc=Home&x=x.home

    A search here didn't bring back any results.

    Any comments would be appreciated.

    TIA

    s

  2. #2

    1gofishing

    Guest

    Default

    Looks like a rip-off scheme - 5% of gross is a huge amount for nothing more than PAYE and Schedule-E expense administration.

    Sorry, but there's a lot of these around..

  3. #3

    freshblue

    Guest

    Default Brolly

    Go with a vanilla brolly...

    parasol
    orange genie
    contractor umbrella

  4. #4

    cg51

    Guest

    Default Payscheme+

    I have been using them for about 3 months and once everything is set up it all seems to work well.

    It works via an offshore company and you receive a loan against accrued dividends as well as a minimum wage so take home is a high % of earnings.

    Only concern now after the budget is whether what will happen when this scheme registers... Any ideas on how risky it is to continue with this?

  5. #5

    freshblue

    Guest

    Default Risk

    But surely the very fact that you are using this type of scheme means you know it is very risky anyway! I would think that you are at more risk of your dosh gowing awol than the revenue stopping it. At least with the latter you would get some notice! Ever heard of the dignatio saga??

  6. #6

    freshblue

    Guest


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •