Hi there, I'm hoping someone can take the time to help us.
My husband is contracting at the moment and has been offered work via an agency ( already In 2nd week) he also had to sign up to be paid via an umbrella company at the same time, they said they couldn't pay him directly as a self employed person?
He won't be paid until the 3rd week of employment as apparently they keep 2 weeks back incase he doesn't show is that standard practice? He will then be paid weekly but they will always have that first 2 weeks worth of wages held back.
The employment contract is for 3 months
They called him yesterday and said he would be paying 2 lots of NI, it seems like it's quite common after a Google search but not sure whether setting up as a limited company would be better?
Some other people he was working with said that they are set up as a limited company and don't pay what he is and they paid around £13 to set up as limited.
As I said I have absolutely no idea or understand any of it, I just don't want him doing something and not knowing the pitfuls. He's on a good wage but they seem to be taking a big cut of it, plus holding back 2 weeks has been tough on us financially.
I have tried googling but I really struggle to get my head around it all and make sense of it as so many people seem to say conflicting information.
We spoke to his dad's accountant he once said going limited wouldn't be worth it as he would have to pay out a few hundred but today said it may be the way to go? Argh.
My husband is contracting at the moment and has been offered work via an agency ( already In 2nd week) he also had to sign up to be paid via an umbrella company at the same time, they said they couldn't pay him directly as a self employed person?
He won't be paid until the 3rd week of employment as apparently they keep 2 weeks back incase he doesn't show is that standard practice? He will then be paid weekly but they will always have that first 2 weeks worth of wages held back.
The employment contract is for 3 months
They called him yesterday and said he would be paying 2 lots of NI, it seems like it's quite common after a Google search but not sure whether setting up as a limited company would be better?
Some other people he was working with said that they are set up as a limited company and don't pay what he is and they paid around £13 to set up as limited.
As I said I have absolutely no idea or understand any of it, I just don't want him doing something and not knowing the pitfuls. He's on a good wage but they seem to be taking a big cut of it, plus holding back 2 weeks has been tough on us financially.
I have tried googling but I really struggle to get my head around it all and make sense of it as so many people seem to say conflicting information.
We spoke to his dad's accountant he once said going limited wouldn't be worth it as he would have to pay out a few hundred but today said it may be the way to go? Argh.
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