97% salary retention with umbrella company 97% salary retention with umbrella company
Page 1 of 2 12 LastLast
Posts 1 to 10 of 20
  1. #1

    Still gathering requirements...


    Join Date
    Jan 2015
    Posts
    88

    Default 97% salary retention with umbrella company

    Hello,

    Just had a call from an umbrella company telling me they are able to give 97% salary retention with their scheme. And they say it's perfectly legal, which is using the same principle of offshore payment as Google and Facebook are using.

    It's absolutely safe and legal.... This is not tax avoidance!


    However I told them I wasn't interested because I'm already being chased by HMRC for Felicitas from 5 years ago.....


    I'm still surprised to receive such a call nowadays... Is it a plot from HMRC in order to get more money from contractors?

  2. #2

    Double Godlike!

    ladymuck's Avatar
    Join Date
    Sep 2005
    Location
    London
    Posts
    12,070

    Default

    Name and shame the company. It's no warning to others if you don't tell us who called.

    While naive people continue to exist, there will always be a way to exploit them. HMRC won't take on umbrella regulation to ensure they are compliant so the door is wide open for schemes to continue to exist.

  3. #3

    Fingers like lightning


    Join Date
    Feb 2013
    Location
    Ipswich, Suffolk
    Posts
    835

    Default

    I'm speaking with an agency at the moment who is being bombarded by a broker who is pushing the same they don't get to know who the brolly is at that point either
    Conversations with BEIS says the regulation is coming... just got to see when and hope it isn't too late for those tempted when IR35 kicks in!

  4. #4

    Default

    People will still sign up in droves


    Sent from my iPhone using Contractor UK Forum

  5. #5

    Still gathering requirements...


    Join Date
    Jan 2015
    Posts
    88

    Default

    Quote Originally Posted by ladymuck View Post
    Name and shame the company. It's no warning to others if you don't tell us who called.

    While naive people continue to exist, there will always be a way to exploit them. HMRC won't take on umbrella regulation to ensure they are compliant so the door is wide open for schemes to continue to exist.
    I couldn't hear properly the name of the company, but the phone number is +44 1923 882548. I tried a google lookup and it shown the company might be NEUTRAL FINANCIAL SERVICES? Couldn't find their website.

  6. #6

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,486

    Default

    Quote Originally Posted by GhostofTarbera View Post
    People will still sign up in droves


    Sent from my iPhone using Contractor UK Forum
    For they know no better and it still isn't obvious why it's a bad idea.

    Hopefully that will be fixed soon and there will be an easy means of identifying whether an umbrella is dodgy or not

    At which point anyone greedy and stupid enough to join such a scheme won't have my sympathy.
    Last edited by eek; 6th October 2020 at 10:01.
    merely at clientco for the entertainment

  7. #7

    Prof Cunning @ Oxford Uni

    WTFH's Avatar
    Join Date
    Nov 2012
    Posts
    22,349

    Default

    Quote Originally Posted by cwah View Post
    I couldn't hear properly the name of the company, but the phone number is +44 1923 882548. I tried a google lookup and it shown the company might be NEUTRAL FINANCIAL SERVICES? Couldn't find their website.

    The word "Neutral", you've got that from a phone number lookup that is telling you whether it is harassing, spam, neutral or safe, not that the company is called "Neutral"
    I'm perfect, in a very specific and limited way.
    Hands... out infractions
    Face... the music
    Space... between the ears

  8. #8

    Prof Cunning @ Oxford Uni

    WTFH's Avatar
    Join Date
    Nov 2012
    Posts
    22,349

    Default

    Tax Club are still claiming 90%, and still using logos for NHS, Sky etc.
    I'm perfect, in a very specific and limited way.
    Hands... out infractions
    Face... the music
    Space... between the ears

  9. #9

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,486

    Default

    Quote Originally Posted by WTFH View Post
    Tax Club are still claiming 90%, and still using logos for NHS, Sky etc.
    I'm more scared and concerned about the ones that offer 60-70% personally..
    merely at clientco for the entertainment

  10. #10

    Double Godlike!

    ladymuck's Avatar
    Join Date
    Sep 2005
    Location
    London
    Posts
    12,070

    Default

    Quote Originally Posted by WTFH View Post
    The word "Neutral", you've got that from a phone number lookup that is telling you whether it is harassing, spam, neutral or safe, not that the company is called "Neutral"
    And that the type of company is 'Financial Services'

    Gave it a call, redirects to an international number judging by the type of ringing. No answer sadly.

Posting Permissions

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