Contracting
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Hey Guys, I've just landed my first contracting role (in the UK)!!! Wooo! :) For various reasons I'm opting to use an umbrella company for now as I'm just setting out down this path and was hoping for a little advice on good ones to consider before signing up to one. Any info or links would be really appreciated. Best,
Jammer My Blog | Articles | DMon | SampleSort
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Hey Guys, I've just landed my first contracting role (in the UK)!!! Wooo! :) For various reasons I'm opting to use an umbrella company for now as I'm just setting out down this path and was hoping for a little advice on good ones to consider before signing up to one. Any info or links would be really appreciated. Best,
Jammer My Blog | Articles | DMon | SampleSort
Just curious, why are you opting for an umbrella company?
"Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!" — Hunter S. Thompson
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Hey Guys, I've just landed my first contracting role (in the UK)!!! Wooo! :) For various reasons I'm opting to use an umbrella company for now as I'm just setting out down this path and was hoping for a little advice on good ones to consider before signing up to one. Any info or links would be really appreciated. Best,
Jammer My Blog | Articles | DMon | SampleSort
I've found Giant to be good, but a lot of agents have a list of 'preferred' umbrellas they like you to go with (often, they have systems in place that simplify the whole timesheet/invoicing process) I would seriously advise looking into setting up your own limited company though, Doing so will allow you to pay yourself through share dividends rather than a salary (apart from a small salary, within the tax allowance, that most people prefer to pay themselves) which saves a noticeable amount in tax/NI (assuming your contract doesn't fall within IR35) Its fairly simple to set a company up and even more so if you go through an accountant (mine costs £125 per month but looks to be able to save me approx £12,000 per year)
Pedis ex oris