• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Kinsella Solutions or PaySchemePlus??

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Kinsella Solutions or PaySchemePlus??

    Hey all, I posted this in Legal but then thought that this might be the better forum for it ..!

    ------------

    Hello

    I know this has been discussed in this forum to some extent, but it's now been a long time since anyone mentioned either of these companies.

    I have not been contracting long but I use my own Ltd company which generates a return of about 65%. This is all fine and dandy except that it would seem possible to achieve anywhere from 75% to 90% with Kinsella or PaySchemePlus. So the temptation bug has bitten.

    Has anyone here had any ACTUAL experience with either of these (very similar) schemes?

    Is there anything new to learn about the loan schemes that these companies provide?

    Thanks in advance!

    T

    #2
    Any umbrella that claims a return of 90% should be avoided at all costs. They will be doing this in one of two ways:

    a) Dodgy off-shore trusts
    b) Bogus expenses

    Either has a good chance of landing you with a large tax bill, fines and penalties.

    Comment


      #3
      Basically, don't be silly. If it were legit, we would all be doing it already...
      Blog? What blog...?

      Comment

      Working...
      X