Umbrella for ad hoc work.. Umbrella for ad hoc work.. - Page 2
Page 2 of 3 FirstFirst 123 LastLast
Posts 11 to 20 of 22
  1. #11

    More time posting than coding


    Join Date
    Feb 2007
    Posts
    421

    Default

    A further thought, bringing things back to the brolly part of the topic... does this work?

    - 3 days per month minimum, one invoice per month (or even per quarter?)

    - salary sacrifice of the maximum going into a pension (presumably I'd need to be paid 3 days x 8 hours x £8.72), therefore hoping to minimize tax and ErNI and EeNI.

    Is there a brolly that would do this? Preferably into my SIPP but I'm guessing that is a step too far...



    Sent from my ONEPLUS A6003 using Contractor UK Forum mobile app

  2. #12

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,974

    Default

    Speak to Lucy - she won't bite.

    I suspect 3 days a month may just about to workable but it's up to the umbrella and whether the figures work out.
    merely at clientco for the entertainment

  3. #13

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    20,938

    Default

    I would be interested to know why it wasn't an option with MVL as it would be my choice.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

  4. #14

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,974

    Default

    Quote Originally Posted by cojak View Post
    I would be interested to know why it wasn't an option with MVL as it would be my choice.
    Continuation of same trade - which would hold true even if you were self employed and not via your own limited company, so you hit the 2 year rule.
    merely at clientco for the entertainment

  5. #15

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    20,938

    Default

    Quote Originally Posted by eek View Post
    Continuation of same trade - which would hold true even if you were self employed and not via your own limited company, so you hit the 2 year rule.
    Oh, right you are (I missed that bit).
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

  6. #16

    Super poster


    Join Date
    Jul 2005
    Posts
    3,288

    Default

    Quote Originally Posted by Crossroads View Post
    A further thought, bringing things back to the brolly part of the topic... does this work?

    - 3 days per month minimum, one invoice per month (or even per quarter?)

    - salary sacrifice of the maximum going into a pension (presumably I'd need to be paid 3 days x 8 hours x £8.72), therefore hoping to minimize tax and ErNI and EeNI.

    Is there a brolly that would do this? Preferably into my SIPP but I'm guessing that is a step too far...
    I have had 2 brolly setups, one that paid me NMW on the hours I put on my time sheet, and the rest into a SIPP. And my current one that pays 83% of gross into a SIPP. They work out roughly the same. In both cases £10 a week fee only if you bill for that week.

  7. #17

    Fingers like lightning


    Join Date
    Feb 2013
    Location
    Ipswich, Suffolk
    Posts
    851

    Default

    Quote Originally Posted by eek View Post
    Speak to Lucy - she won't bite.


    Quote Originally Posted by eek View Post
    I suspect 3 days a month may just about to workable but it's up to the umbrella and whether the figures work out.
    It's all down to the 336 hours we have to guarantee in any annual period, which equates to around 1 day per week.

  8. #18

    Fingers like lightning


    Join Date
    Feb 2013
    Location
    Ipswich, Suffolk
    Posts
    851

    Default

    Quote Originally Posted by Crossroads View Post
    - salary sacrifice of the maximum going into a pension (presumably I'd need to be paid 3 days x 8 hours x £8.72), therefore hoping to minimize tax and ErNI and EeNI.
    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 is a possibility.

  9. #19

    More time posting than coding


    Join Date
    Feb 2007
    Posts
    421

    Default

    Hi All,

    Thanks for your input. I've got a catch up with the potential client today/tomorrow and an idea of what might be workable, the help is much appreciated.

    If I can be paid into an existing II SIPP then even better but a different scheme is hardly the end of the world.

  10. #20

    Super poster


    Join Date
    Jul 2005
    Posts
    3,288

    Default

    Quote Originally Posted by Crossroads View Post
    If I can be paid into an existing II SIPP then even better but a different scheme is hardly the end of the world.
    I asked the umbrella which SIPPs they already paid into, and opened an HL SIPP for that reason. I'll transfer from HL to my preferred SIPP when I'm finished with the contract.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •