Receive up to 80% of your pay. Receive up to 80% of your pay.
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  1. #1

    Nervous Newbie


    Join Date
    May 2011
    Posts
    5

    Default Receive up to 80% of your pay.

    Hi,
    You see advertisements by Umbrella companies saying "Receive up to 80% of your pay"?

    Does anyone know how this works?

    Or direct me to a post were this has been discussed before please?

    Could someone recommend of these Umbrella Company?

    Regards

    Singhie

  2. #2

    Nervous Newbie


    Join Date
    Jun 2011
    Posts
    1

    Default Me too please

    Yes, morning all

    I would like to know if anyone knows of any umbrella that actually does this ?

    I have rang round a few now , and it always comes out to approx 70% , even though on their www it says 80 and in some cases more !

    Thanks all

    Steve

  3. #3

    Umbrella Queen

    LisaContractorUmbrella's Avatar
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    Jun 2006
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    Colchester
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    5,370

    Default

    Yes you can take home 80,90 or even 100% of your earnings - the most typical ways are to claim for expenses that you haven't incurred (although this does tend to aggravate HMR&C and you are likely to find yourself paying back far more than you managed to fiddle) or living on 3 shillings and sixpence a week and putting the rest of your earnings into a pension. You could also try using a 'scheme' which a 'leading QC' will have looked at - unfortunately this also aggravates HMR&C (please refer to point 1).

    If you are tax resident in the UK and live in the UK and work through a compliant umbrella company you will be paid through PAYE and you will be able to claim certain costs that you incur as expenses provided that you have a receipt for them but your take home pay absolutely, definitely, categorically cannot be 'guaranteed' to be over 80%

    HTH
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  4. #4

    Should post faster


    Join Date
    Apr 2010
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    Manchester
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    185

    Default

    Just to follow on from Lisa's comment.

    The only real difference you should see when comparing 'correctly structured' umbrella companies is their fee.

  5. #5

    Umbrella Queen

    LisaContractorUmbrella's Avatar
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    Jun 2006
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    Colchester
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    Default

    And their service levels
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