Originally posted by thebear14
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Bedouin Tax Solutions
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Originally posted by porrker View PostI think you should be telling us as you've been using the scheme....... Do they still use a trust structure?Comment
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Originally posted by thebear14 View PostAs far as I'm aware yes. I went with them through a recommendation but as it's only been 6 months and I'm moving to a new contract I thought it prudent to see if anyone was aware of any developments on their legality. As most people mention their rate of retention is significantly higher than umbrellas (I'm a £250 daily rate and my total deductions are around 19%) I'm just wary about continuing if I'm going to be embarking on yet another contract. I had Oxygen360 recommended to me, anyone any thoughts on them?
breathe easy
It's a joke, I would steer well clear based on that alone!Comment
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Originally posted by thebear14 View PostAs far as I'm aware yes. I went with them through a recommendation but as it's only been 6 months and I'm moving to a new contract I thought it prudent to see if anyone was aware of any developments on their legality. As most people mention their rate of retention is significantly higher than umbrellas (I'm a £250 daily rate and my total deductions are around 19%) I'm just wary about continuing if I'm going to be embarking on yet another contract. I had Oxygen360 recommended to me, anyone any thoughts on them?Comment
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Originally posted by thebear14 View PostAs far as I'm aware yes. I went with them through a recommendation but as it's only been 6 months and I'm moving to a new contract I thought it prudent to see if anyone was aware of any developments on their legality. As most people mention their rate of retention is significantly higher than umbrellas (I'm a £250 daily rate and my total deductions are around 19%) I'm just wary about continuing if I'm going to be embarking on yet another contract. I had Oxygen360 recommended to me, anyone any thoughts on them?Comment
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Originally posted by porrker View PostI can't believe you joined a high retention scheme without understanding the mechanics and potential ongoing consequences of using such a scheme. Yes it's currently legal but does it use the law in the way its meant to be followed.. who knows... If you carry on with the scheme find out how it works and what the ongoing risks are....Comment
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Originally posted by LisaContractorUmbrella View PostStandard income tax is 20% - without any national insurance contributions you are managing to pay less than that. Try typing 'tax avoidance' into Google News and look at the entries even for the last 24 hours and then revisit the subject.
He would be better off with a Ltd Co.Join the No To Retro Tax Campaign Now
"Tax evasion is easy: it involves breaking the law. By tax avoidance OECD means unacceptable avoidance ... This can be contrasted with acceptable tax planning. What is critical is transparency" - Donald Johnston, Secretary-General, OECDComment
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Originally posted by thebear14 View PostAs most people mention their rate of retention is significantly higher than umbrellas (I'm a £250 daily rate and my total deductions are around 19%)Comment
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Originally posted by porrker View PostAsk for your holiday pay and you will see your retention go up...Comment
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Originally posted by thebear14 View PostVery true, as I think we've established that waving cheerio to Bedouin would be the smart thing to do is there any recommendations on a reputable umbrella who's weekly/monthly fees aren't too high? Next contract is 4 - 6 months and would then be looking for perm roles but taking contract work in the interim so ideally wanted to avoid the creation of a Ltd.Comment
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