Umbrella with financial planning - legit?

MoneySavingMission
MoneySavingMission Posts: 220 Forumite
in Cutting tax
I've been recommended to use an umbrella company with financial planning incorporated rather than umbrella as paye.
I asked and I've been told they only work with hmrc approved umbrella companies but I've never heard of the companies they suggested.
anybody got experience with this?

Comments

  • Pennywise
    Pennywise Posts: 13,468 Forumite
    Name Dropper First Post First Anniversary
    You need to find out exactly what they're proposing. If they start talking about loans, trusts, overseas, fiduciary payments, run for the hills.
  • Murdina
    Murdina Posts: 433 Forumite
    First Post First Anniversary Combo Breaker
    There is no process by which HMRC "approve" umbrella companies. If you want or need to operate through a company, find yourself an accountant (who is acting just for you, not the business setting up the umbrella companies) and get him/her to set something up for you.
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