Umbrella company

[Oneard]

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

[OneAll]

if the umbrella company is based in your area then id advise you to get out asap

[Aalborg Hammer]

Oneard - PM sent

[LJC]

Not sure on the employer part but I think Giant is a good one.

[Mike Oxsaw]

"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.)."

[Cheezey Bell-End]

There's a railway engineer who regularly posts on here. I haven't noticed him recently. Maybe he'll appear and be of assistance.

[BRANDED]

"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"

[Tomshardware]

"Tales of the Unexpected, the umbrella man. https://www.dailymotion.com/video/x8p313v"

[Oneard]

cheers he works in railway construction

[Cheezey Bell-End]

"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."

[joe royal]

"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."

[Cheezey Bell-End]

Yes that's the reality. It's why contractors prefer to work for limited companies outside ir35.