Hello all,

I've started a 6 month contract in the UK - a commutable job that will 
probably go permy after the initial period.   I've not contracted for years 
and have nothing set-up.

I beliive I require a regular umbrella arrangement to get my pay/tax 
sorted..?

I've considered going with Constultant Technologies, Parasol and Liberty 
Bishop.   Anyone got comments on either of these?

The Consultant-Tech appears to make me much more than the other 2, which are 
closely matched, however their share-based scheme also worries me, being 
atypical of most umbrella systems - it seems more like a scheme, and schemes 
always have winners and losers...

Any thoughts/help?

On Wed, 14 May 2008 23:14:30 +0100, "Mugwump" <x@x.x> wrote:

>Hello all,
>
>I've started a 6 month contract in the UK - a commutable job that will 
>probably go permy after the initial period.   I've not contracted for years 
>and have nothing set-up.
>
>I beliive I require a regular umbrella arrangement to get my pay/tax 
>sorted..?
>
>I've considered going with Constultant Technologies, Parasol and Liberty 
>Bishop.   Anyone got comments on either of these?
>
>The Consultant-Tech appears to make me much more than the other 2, which are 
>closely matched, however their share-based scheme also worries me, being 
>atypical of most umbrella systems - it seems more like a scheme, and schemes 
>always have winners and losers...
>
>Any thoughts/help? 
I have used Parasol in the past, and everything was smooth. No issues
at all.


Frederico Fonseca
ema il: frederico_fonseca at syssoft-int.com

Mugwump wrote:
> Hello all,
> 
> I've started a 6 month contract in the UK - a commutable job that will 
> probably go permy after the initial period.   I've not contracted for 
> years and have nothing set-up.
> 
> I beliive I require a regular umbrella arrangement to get my pay/tax 
> sorted..?

I've never used an umbrella company, but I have a very good accountant 
and my own limited company. If you turn over enough this may be cheaper.

In message <g0h7v3$q9s$1$8300dec7@news.demon.co.uk>, Robert Billing
 writes
>Mugwump wrote:
>> Hello all,
>>  I've started a 6 month contract in the UK - a commutable job that
>>will  probably go permy after the initial period.   I've not
>>contracted for  years and have nothing set-up.
>>  I beliive I require a regular umbrella arrangement to get my pay/tax
>>sorted..?
>
>I've never used an umbrella company, but I have a very good accountant
>and my own limited company. If you turn over enough this may be
>cheaper.


Would agree - much better to get your own company ( maybe 70 quid
online) and find a decent accountant. Downside is you have to do company
returns, corporation tax and personal tax every year - but the
accountant should take care of most of that for you.
-- 
leo

"Mugwump" <x@x.x> wrote in message 
news:kvJWj.11404$_K5.1298@newsfe16.ams2...
> Hello all,
>
> I've started a 6 month contract in the UK - a commutable job that will 
> probably go permy after the initial period.   I've not contracted for 
> years and have nothing set-up.
>
> I beliive I require a regular umbrella arrangement to get my pay/tax 
> sorted..?
>
> I've considered going with Constultant Technologies, Parasol and Liberty 
> Bishop.   Anyone got comments on either of these?
>
> The Consultant-Tech appears to make me much more than the other 2, which 
> are closely matched, however their share-based scheme also worries me, 
> being atypical of most umbrella systems - it seems more like a scheme, and 
> schemes always have winners and losers...
>
> Any thoughts/help?

The law has been changed to make share based schemes ineffective.

Whatever the benefits that they sales bumpf says about how much better off 
you will be, you will not be better off when the IR come along and re-asses 
you under the new rules.

tim

>