February 20, 2008 at 12:22 am
I am going to get an offer from an umbrella company.It is a contract job. Contract will be for 6 to 12 months.
Please let me know Whether it is good offer or not.As i need to shift from my country to UK,I don't have any idea about UMBRELLA Company.
karthik
February 20, 2008 at 12:55 am
Hi,
It really depends what you mean by working for an Umbrella company.
If you are working under an Umbrella company, what this means is that you are a "ShareHolder" with in a company that has a director and as a contractor this allows you to save money on tax when working in the UK.
I hope this brief example helps.
Thanks
Chris
----------------------------------------------
Try to learn something about everything and everything about something. - Thomas Henry Huxley
:w00t:
Posting Best Practices[/url]
Numbers / Tally Tables[/url]
February 20, 2008 at 3:16 am
Thanks.
They will give `480 perday and for administration(like accomadation etc.,)they will take `350 per month.
please give me your feedback.
karthik
February 20, 2008 at 4:02 am
£480 per day is an excellent rate for a first-time contractor, so congratulations! £350 per month is a lot for an umbrella company to take, so take the time to look at a few others. You should be paying around £100, I'd say. Tax rules in the UK are very complicated, so get an accountant to tell you whether your contract is covered by IR35 rules. If it isn't, you can save a lot of tax by setting up your own company.
John
February 22, 2008 at 4:05 am
It's in Euro's not in Pound's.
Please give me your feedback.
karthik
February 22, 2008 at 4:37 am
Karthik
If you're working in the UK, you'll be paying your umbrella company fees in pounds. As I said, you shouldn't be paying more than about £100 per month. There's about 1.3 euros in a pound, so your daily rate works out at about £350 - still an excellent rate for a first-timer.
John
Viewing 6 posts - 1 through 5 (of 5 total)
You must be logged in to reply to this topic. Login to reply