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Bluebird
21st September 2012, 06:08
Hi, are there any Umbrella Cos that effectively "pay in advance"?

I've got a contract starting 1st Oct, and the first pay date will be on or around the 17th of November - I can't wait that long for funds- is there a U/C that would start paying me after the first weeks work [ ie between the 8th - 12th of October? ]

Thanks

Bluebird Dave

LisaContractorUmbrella
21st September 2012, 09:34
Hi, are there any Umbrella Cos that effectively "pay in advance"?

I've got a contract starting 1st Oct, and the first pay date will be on or around the 17th of November - I can't wait that long for funds- is there a U/C that would start paying me after the first weeks work [ ie between the 8th - 12th of October? ]

Thanks

Bluebird Dave

Sorry Bluebird Dave but I don't think there are any more - way too big a risk in a recession unfortunately; you may be able to negotiate with the agency/client

alluvial
21st September 2012, 10:43
WLS
Your best bet is to negotiate some sort of early payment for the first month. You may be able to get some sort of stepped payment arrangement whereby they pay after a wee, then the next two weeks and then onto the monthly terms. I've done this in the past.
You also need to ensure that the umbrella you use pay on receipt of funds and don't hang on to it for a while. Be aware that unless they offer a chaps payment facility (which they most likely will charge for) that it will still be another three days from when they send your pay out the doot before you get your mitts on it.