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  1. If they do not repay the holiday pay back it is...

    If they do not repay the holiday pay back it is classified as an unlawful deduction of earnings - so definitely not something that should be happening, I would urge all contractors to check that as...
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    Yes, as long as you receive £8.72 as your taxable...

    Yes, as long as you receive £8.72 as your taxable pay the rest can be processed as salary sacrifice. We currently only pay across to our scheme, but are in talks with one SIPP provider to see if this...
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    :laugh It's all down to the 336 hours we...

    :laugh



    It's all down to the 336 hours we have to guarantee in any annual period, which equates to around 1 day per week.
  4. Not a problem :smile On that standard tax...

    Not a problem :smile

    On that standard tax code, I would expect it to be as I said. Seems odd with the P45 unless it was from the previous tax year in which case, they should simply apply the...
  5. By our records, using our margin, then £6,650.00...

    By our records, using our margin, then £6,650.00 should leave you with a taxable salary of £5,823.28, so yes your figures look correct, although I would expect the take home to be higher at around...
  6. Earnings for the year will be based on the P45...

    Earnings for the year will be based on the P45 details received, then the taxable salary pro rata'd for the rest of the financial year.

    When an umbrella processes the pay it assumes that the...
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    Anyone do some SEO for our site then? Obviously...

    Anyone do some SEO for our site then? Obviously missing a trick :laugh
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    The irony when IR35 doesnt apply to brollies!

    The irony when IR35 doesnt apply to brollies!
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    I have seen it aswell, some companies have been...

    I have seen it aswell, some companies have been cashing in on the levy figures, which can be substantial. I am guessing that some didn't want to have to explain it when it does finally kick in, but...
  10. Best of luck :smile

    Best of luck :smile
  11. Sticky: :tumble:

    :tumble:
  12. Sticky: Glad to see they are taking note!

    Glad to see they are taking note!
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    The brolly will look at the actual hours worked...

    The brolly will look at the actual hours worked in the calculations, and then refer to the NICs thresholds to see what applies each time payment is made.
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    Because on £8.72 per hour, assuming 37.5 hours a...

    Because on £8.72 per hour, assuming 37.5 hours a week, the annual taxable salary is just over £17k, so above the £12,500 threshold at which tax kicks in.
  15. Sticky: Apologies it's taken me a while to come back to...

    Apologies it's taken me a while to come back to you, but I think I have figured out the difference for you, and it all comes back to the rate versus the taxable salary. Looking at your figures the...
  16. Best idea is to go down the self employed and if...

    Best idea is to go down the self employed and if he uses something like Go Simple Tax he can make sure he is managing his tax on a month by month basis. Ad Hoc work doesn't work for a brolly and it...
  17. It will depend on the original day rate as to...

    It will depend on the original day rate as to whether the £70-£80 increase is enough to essentially cover the additional employment costs. That is what I would look at first. If you use our...
  18. If you are at 40% tax payer then yes between 52...

    If you are at 40% tax payer then yes between 52 and 56% as average, obviously higher if only a 20%er. In all fairness the tax and NI figures even with margin differences are only going to be give or...
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    The umbrella can run more than one business to...

    The umbrella can run more than one business to business contract for you, but just see what they say in terms of the charges on this in case they are charging a margin for what may be little time...
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    No-one should be able to net you more, so be very...

    No-one should be able to net you more, so be very careful that you are comparing like for like figures; sames number of days per period, same tax code.
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    Good job I don't get offended :laugh

    Good job I don't get offended :laugh
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    :nerd

    :nerd
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    Hi curtis, have they given you a specific list...

    Hi curtis, have they given you a specific list you MUST choose from or made specific requirements for your choice of umbrella ie to be FCSA accredited? I have seen some contractors recently challenge...
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    They may offer different margins to different...

    They may offer different margins to different agencies, just a thought.
  25. I think I know who the agency is - drop me a...

    I think I know who the agency is - drop me a message if you can and I can talk you through it.
    If you want of course :tongue
  26. If they really are quoting the same rate then...

    If they really are quoting the same rate then jump at it, but I will bet that when you look further into it the rates are different.

    Agency PAYE - should quote taxable salary (ie only subject to...
  27. Because the rates should be different - the...

    Because the rates should be different - the umbrella rate would be subject to Employment Costs and the PAYE rate should not be as this would already have been taken and allocated by the agency -...
  28. I'm speaking with an agency at the moment who is...

    I'm speaking with an agency at the moment who is being bombarded by a broker who is pushing the same :tantrum: they don't get to know who the brolly is at that point either :tired
    Conversations with...
  29. Day rate increased moving you tax brackets?

    Day rate increased moving you tax brackets?
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    They are not on the list of accredited members -...

    They are not on the list of accredited members - so no they are not. They cannot piggyback the other business, it would need to be a separate accreditation - so a bit cheeky of them to try and use...
  31. Sticky: Was just explaining that MPP is not a warning...

    Was just explaining that MPP is not a warning sign - as for that company, no comment other than take a look at the directors - :eyes
  32. Hi Grant, if you can't use us :cry2:, then I...

    Hi Grant, if you can't use us :cry2:, then I would trust these guys to help make your decision.
  33. Sticky: MPP or Match Pay Perm is what umbrella companies...

    MPP or Match Pay Perm is what umbrella companies now have to operate, as they revoked the Swedish Derogation Model. It is the method that means that an umbrella company has to check that the...
  34. Come on then, be interested to see who they are...

    Come on then, be interested to see who they are and what's the link?
  35. It all comes down to the way in which the...

    It all comes down to the way in which the umbrella communicates the deductions, if an umbrella ever claims to take this from the workers pay, then yes they are correct and the umbrella could find...
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    Nope just catching up on things! :tired

    Nope just catching up on things! :tired
  37. Hi Jerome OK take your invoice value as £3,825...

    Hi Jerome

    OK take your invoice value as £3,825 deduct £437.55 (Ers NI) and £16.70 (AL) and margin £18, less pension £13.01, leaving a taxable salary of £3,339.74. For the Ers, it is 13.8% of that...
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    Oh my :facepalm:

    Oh my :facepalm:
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    And this is only the start! :tumble: waiting for...

    And this is only the start! :tumble: waiting for more and more of these to pop up ready for any start of year rush!
  40. Unfortunately, FCSA Accreditation or not, running...

    Unfortunately, FCSA Accreditation or not, running an umbrella company is not a "cheap" affair and for those charging much lower margins, they either have thousands of contractors on their books to...
  41. Sticky: To be honest never heard of any of them :eek Dark...

    To be honest never heard of any of them :eek Dark Blue and Hero seem to have linked Directors, so may be connected somehow. As I always say, the best thing to do is to pick up the phone to them and...
  42. Sticky: There are only a few on there who have been...

    There are only a few on there who have been around for a while, but if you want my vote on any of them I would suggest the team at iPaye, I've known a few of the team there for a while and they were...
  43. IF the pension is done via salary sacrifice, then...

    IF the pension is done via salary sacrifice, then it reduces your taxable salary by that pension amount. Employers NI is calculated based on the taxable salary; hence you reduce one, you reduce the...
  44. That'd be us :wink

    That'd be us :wink
  45. Nope not heard anything about them in quite some...

    Nope not heard anything about them in quite some time, but I know there is usually a delay between taking pension payments and them being transferred to the provider, os if you know what day they...
  46. Maybe just maybe when the government finally get...

    Maybe just maybe when the government finally get their backsides into gear, the umbrella regulation may allow for a little more fair competition in the marketplace!
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    HMRC need to set up to the mark and start...

    HMRC need to set up to the mark and start prosecuting those agencies for recommending these schemes. I thnk we need to see a big court case that highlights this sooner or later. I have spoken to a...
  48. Just keep an eye on your pension pot!

    Just keep an eye on your pension pot!
  49. Broker sites = 100% pointless Maybe at some...

    Broker sites = 100% pointless
    Maybe at some point someone will get done under POTAS :bluelight
  50. Unfortunately there is no actual legislation on...

    Unfortunately there is no actual legislation on this that anyone has used to challenge it. In our conversations in the past, BEIS stated that it was a commercial decision as to who the agency chooses...
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