Payeworx Payeworx - Page 2
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Thread: Payeworx

  1. #11

    bored now

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    Quote Originally Posted by cojak View Post
    Do where does the Corporation Tax turn up on this diagram? And who pays the VAT?
    Well it's not in the UK if you are paying £10k of income tax on £82k of profits.

    Equally it breaks the new rule of umbrella's. Once upon a time it didn't matter legally to the client how you were paid - nowadays it might if the tax isn't paid correctly and it's passed back to the end client to pay..
    Last edited by eek; 19th December 2019 at 07:34.
    merely at clientco for the entertainment

  2. #12

    Some things in Moderation

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    Oohhh yes, so now they’ll have to disguise what they are to the agency/end client.

    I wonder how they’ll do that?
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make myself look wise and well read."
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  3. #13

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    Quote Originally Posted by cojak View Post
    Also, I would be very suspicious of any ‘umbrella’ that requires a phone call to explain what your take home would be, a legitimate umbrella’s explanation is straightforward and usually available on the website via a calculator.

    I would use Paystream or Clarity if I were you.
    That’s funny. I asked Paystream some questions via email and asked for an illustrative quote (including increased pension contributions that their online calculator can’t to do) and they said they could not give me a response without speaking to me.
    Last edited by Paralytic; 18th December 2019 at 23:17.

  4. #14

    Some things in Moderation

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    Quote Originally Posted by Paralytic View Post
    That’s funny. I asked Paystream some questions via email and asked for an illustrative quote (including increased pension contributions that their online calculator can’t to do) and they said they could not give me a response without speaking to me.
    Well that’s a bit rubbish.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make myself look wise and well read."
    - Voltaire/Benjamin Franklin/Anne Frank...

  5. #15

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    Quote Originally Posted by Paralytic View Post
    That’s funny. I asked Paystream some questions via email and asked for an illustrative quote (including increased pension contributions that their online calculator can’t to do) and they said they could not give me a response without speaking to me.
    The world is going insane! Simple: Day Rate / Hourly Rate / Tax Code / Student Loan and how much pension would you like to contribute - not rocket science or I am making this too simple

  6. #16

    Some things in Moderation

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    Quote Originally Posted by lucyclarityumbrella View Post
    The world is going insane! Simple: Day Rate / Hourly Rate / Tax Code / Student Loan and how much pension would you like to contribute - not rocket science or I am making this too simple
    I'm afraid so Lucy - it seems that they want to get their salesman's hooks into you to 'encourage' you to sign up to them there and then, I would imagine.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make myself look wise and well read."
    - Voltaire/Benjamin Franklin/Anne Frank...

  7. #17

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    Quote Originally Posted by cojak View Post
    I'm afraid so Lucy - it seems that they want to get their salesman's hooks into you to 'encourage' you to sign up to them there and then, I would imagine.
    I made it clear to them (via email) that I was doing an initial look across the market as I wanted to know if they allowed increased pension contributions vis salary sacrifice, but they still said they’d need to speak to me. I probably will next year, but am in no hurry.

  8. #18

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    I'm not going to go into the details but I think Paystream must be short staffed this week given that the sales people are not getting back to me. Ironically they were beating their chest this morning about being the biggest and most well resourced Umbrella ahead of the 2020 flood gates opening.

    Perhaps Payeworx are a bit more responsive.

  9. #19

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    Quote Originally Posted by mb31 View Post
    Perhaps Payeworx are a bit more responsive.
    Did you read this thread?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  10. #20

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    Quote Originally Posted by cojak View Post
    I'm afraid so Lucy - it seems that they want to get their salesman's hooks into you to 'encourage' you to sign up to them there and then, I would imagine.

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