Oneard 10:22 Sat Apr 13
Umbrella company
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Anyone know anything about tax and umbrella company my lad was moved to umbrella last year now he pays about 3 grand more in National insurance cos he pays the employer part as well as his part.
His money ain’t gone up just the National insurance part so he’s worst off
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Replies - Newest Posts First ( Show In Chronological Order)
OneAll
9:34 Tue Apr 16
Re: Umbrella company
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if the umbrella company is based in your area then id advise you to get out asap
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LJC
12:02 Tue Apr 16
Re: Umbrella company
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Not sure on the employer part but I think Giant is a good one.
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Mike Oxsaw
9:06 Tue Apr 16
Re: Umbrella company
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Was your son offered a choice of umbrella company? They all have some sort of different benefit but basically all have to interpret the same law. Certainly don't recall paying the employer's NI contribution though.
I did a 2, then a 3 month contract in the UK about 15 years ago and used one just to save me all the fucking about. On or just off the Euston Road if I recall.
Probably still got the paperwork somewhere so having a search will give me a chance for a sort/clear out (that I never, ever, get around to.).
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Cheezey Bell-End
4:30 Tue Apr 16
Re: Umbrella company
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There's a railway engineer who regularly posts on here. I haven't noticed him recently. Maybe he'll appear and be of assistance.
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BRANDED
10:46 Mon Apr 15
Re: Umbrella company
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No clouds in my stones
Let it rain, I hydroplane in the bank
Coming down with the Dow Jones
When the clouds come, we gone, we Roc-A-Fella
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Tomshardware
12:46 Mon Apr 15
Re: Umbrella company
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Tales of the Unexpected, the umbrella man.
https://www.dailymotion.com/video/x8p313v
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Oneard
10:52 Sun Apr 14
Re: Umbrella company
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cheers he works in railway construction
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Cheezey Bell-End
12:55 Sat Apr 13
Re: Umbrella company
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The ones that collapse are usually rip off schemes. There are legitimate umbrella companies that have been around for decades. I always used Lester's.
But as for the OPs question, I don't think there's a way around it.
I don't know if he works in IT, but IT workers used to be able to get various tax perks which made the industry appealing. Now they have clamped down and eligible roles are hard to get. The government prefers to satisfy the demand from business for cheap IT staff by giving visas to Indians.
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joe royal
12:36 Sat Apr 13
Re: Umbrella company
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Only heard bad things, it seems common that the company go tits up and that renders you liable for all the tax and any late payment fees.
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Cheezey Bell-End
12:06 Sat Apr 13
Re: Umbrella company
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Yes that's the reality. It's why contractors prefer to work for limited companies outside ir35.
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