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  1. :igmc:

    :igmc:
  2. Will do :happy

    Will do :happy
  3. There is no such compliance that requires a phone...

    There is no such compliance that requires a phone call! Although that said I would always pick up the phone and make sure you are comfortable with them, at the end of the day they are still handling...
  4. Absolutely diddly squat! The only thing they may...

    Absolutely diddly squat! The only thing they may need to confirm to provide you with an accurate figure is your tax code and potentially if you want to be very accurate to look at your earnings YTD....
  5. Hi Officer Ricky PAYE at £280.00 per day will...

    Hi Officer Ricky
    PAYE at £280.00 per day will NET you £4,230.29 per calendar month
    Umbrella at £350.00 per day will NET you £4,577.14 per calendar month
    Holiday pay will be included in the day...
  6. Replies
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    OK so they are adding VAT to the invoice, that's...

    OK so they are adding VAT to the invoice, that's fine, that is input VAT on the total value, but you should not be out of pocket.

    From a moral perspective the invoice with the umbrella should...
  7. But you said it's transitioning from PSC to...

    But you said it's transitioning from PSC to umbrella, so not an outside to inside staying with the PSC. Good luck with that one!
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    End clients should care, especially if the...

    End clients should care, especially if the liabilities falls on them at any point :tired My guess if that IR35 isn't going to actually cause any financial loss to the agency (I could be wrong) but...
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    Most won't as it means having to manage a...

    Most won't as it means having to manage a different pension for every single contractor which is a logistical and administrative nightmare, best option is to find one that will allow you to move the...
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    As long as you have a VAT receipt then you should...

    As long as you have a VAT receipt then you should be paid back in total including VAT, however my guess is that the consultancy simply didn't pay the VAT and the umbrella is doing the same.
  11. As ComplianceLady said though - if advertised on...

    As ComplianceLady said though - if advertised on an umbrella basis then it doesn't apply. Only if they offer inside IR35 with PAYE to the Ltd company.
  12. Replies
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    Makes for interesting reading :emb The last one...

    Makes for interesting reading :emb
    The last one on the list states this on their site, so not even sure if they are actually an umbrella:
    "The Pytronot team are able to run your whole recruitment...
  13. As Zeeshan said the Scottish Widows annual...

    As Zeeshan said the Scottish Widows annual management charge is 1%, and from what I remember the investment charge was 0.2%.
  14. That's probably because they didn't understand...

    That's probably because they didn't understand the difference :wink

    Umbrella PAYE - Gross Contract Rate (breakdown in april with the KID will clarify all the deductions to the contractor)
    Agency...
  15. Hi CandiceMarie First of all, if ShipShapePay...

    Hi CandiceMarie

    First of all, if ShipShapePay do not have a pension scheme (and I say if), then steer clear. As an employer the umbrella company MUST auto enrol their employees into a pension,...
  16. Problem is that we, as the umbrella company get...

    Problem is that we, as the umbrella company get given the Gross Contract Rate, whereby the employment costs must be met before we reach the taxable salary.

    Come April the requirement for the...
  17. Replies
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    :hug: Thanks webberg

    :hug: Thanks webberg
  18. If you do end up choosing between PAYE and...

    If you do end up choosing between PAYE and Umbrella the take home weekly looks like this (if on a standard tax code assuming 37.5 hours per week);
    Standard PAYE: £629.03 (£22 per hour as taxable...
  19. Replies
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    Hi oldbond1, use simple logic and even as a 20%...

    Hi oldbond1, use simple logic and even as a 20% tax payer, there are other deductions to take into account when you go through a brolly. All take home should be the same via any compliant umbrella,...
  20. There is no legal case for this, but I have seen...

    There is no legal case for this, but I have seen contractors walk from an assignment if pushed to use one from a PSL. It's a catch 22 really, if you need the assignment, you may well have no choice...
  21. Not sure how freelancesupermarket rank the...

    Not sure how freelancesupermarket rank the umbrella's tbh and looking over the list it is not that up to date either based on what I know of the umbrella's out there, so probably not the best way to...
  22. Will do, thanks :happy

    Will do, thanks :happy
  23. Nothing on the InSync website about an umbrella...

    Nothing on the InSync website about an umbrella offering that I can see, in fact very little on there at all. PayMe have been around for some time, but don't know much about them. Best advice pick up...
  24. Who do they share them with at HMRC? Surely there...

    Who do they share them with at HMRC? Surely there would need to be a disclosure agreement to do this as there is sensitive data that is shared which I don't ever recall seeing?
  25. As a "not yet member of the FCSA", I do know it...

    As a "not yet member of the FCSA", I do know it was set up by some of the big players in the industry, none of whom I know operate any kind of scheme (would be interesting to hear otherwise) and I...
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    Unfortunately umbrella companies were never...

    Unfortunately umbrella companies were never designed for those down the lower pay level; they were used as an alternative to running a Ltd company. Changes to legislation has ended up forcing those...
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    Not legal no, but happens a lot :tired

    Not legal no, but happens a lot :tired
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    That's without pension :eek

    That's without pension :eek
  29. Replies
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    Me neither :confused:- should be around £364.00 -...

    Me neither :confused:- should be around £364.00 - unless they are charging absolutely nothing as a margin and adding expenses. :smile
  30. :hug:

    :hug:
  31. You need to speak with the pension provider; the...

    You need to speak with the pension provider; the umbrella can only discuss certain elements of the pension with you as they are not regulated to advise. Best to call the providers and ask them direct.
  32. On £600 per day, your take home should be around...

    On £600 per day, your take home should be around £1,685 on a weekly basis, so about 56% unless you have pension - 70% is highly unlikely for a 40% tax payer. :wink
  33. You can pay anything into the pension as long as...

    You can pay anything into the pension as long as the umbrella keeps you above National Minumum Wage every pay packet (any monies over £40k annual limit will have to be declared via self-assessment)....
  34. It depends on whether you are looking to make...

    It depends on whether you are looking to make pension contributions as this will also affect the percentage :happy
  35. Hi kingkk, your take home will be dependant on...

    Hi kingkk, your take home will be dependant on your day rate as to whether this places you as a 20% or 40% tax payer, so thats the first thing to look. If you do come across any companies offering a...
  36. Hi Coe123, as you say many don't offer the...

    Hi Coe123, as you say many don't offer the pension options and providing a calculator online is difficult as there are many variables which could be taken into account like hours worked, minimum...
  37. Fair play to the marketing department I say :yay:

    Fair play to the marketing department I say :yay:
  38. As long as the umbrella company can pass the...

    As long as the umbrella company can pass the agency compliance test then, in theory, there shouldn't be an issue; unfortunately it doesn't appear to be the case which means the umbrella companies who...
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    It's just another loophole and a scam arrangement...

    It's just another loophole and a scam arrangement - in reality you have no links to the company paying you dividends so HMRC are never going to like it - just saying :smile
  40. Sticky: Your stuffed then NorthernLad looking at the...

    Your stuffed then NorthernLad looking at the amount of posts! How was life with the revenue??? :laugh
  41. Sticky: Really :facepalm:

    Really :facepalm:
  42. Don’t base it on cost alone pick up the phone and...

    Don’t base it on cost alone pick up the phone and talk to them to get a proper idea of who will be handling your cash [emoji6] but they can range from £15 per week to £30. HTHs
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    Glad it got sorted in the end for you :smile

    Glad it got sorted in the end for you :smile
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    Sorry should have explained it in more detail......

    Sorry should have explained it in more detail... the calculation of the deduction is based on the gross pay (before tax and NI) for the pay period and no deduction will be made if the statutory...
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    :hug:

    :hug:
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    Hi Michael, happy to give them a call and see...

    Hi Michael, happy to give them a call and see what I can do. I will PM you :smile
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    Thanks ladymuck I will be back very shortly!...

    Thanks ladymuck I will be back very shortly!
    :hug:
  48. Sticky: The brolly will have to net you National Minimum...

    The brolly will have to net you National Minimum Wage over that fill your boots :wink

    As Northern Lad said, you can pay more that £40k in via the brolly, but they will claw back the tax over that...
  49. Sticky: As you are the employee of the umbrella company,...

    As you are the employee of the umbrella company, the pension goes into the Group Pension Scheme, but as others have said, there are companies that will allow transfers at no cost, in which case you...
  50. Are stating that you have earned more than...

    Are stating that you have earned more than statutory employment rights due to your length of service? If so you may wish to go back and revisit your contract of employment to see what is stated as...
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