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  • FIRST POST
    • aayush
    • By aayush 10th Jun 17, 12:17 PM
    • 616Posts
    • 23Thanks
    aayush
    Umberella Or Ltd
    • #1
    • 10th Jun 17, 12:17 PM
    Umberella Or Ltd 10th Jun 17 at 12:17 PM
    Hi

    Can Some please advise which is best from the above as mostly done work as PAYE in companies but now doing temp work here and there
Page 1
    • Pennywise
    • By Pennywise 10th Jun 17, 12:39 PM
    • 8,875 Posts
    • 15,898 Thanks
    Pennywise
    • #2
    • 10th Jun 17, 12:39 PM
    • #2
    • 10th Jun 17, 12:39 PM
    Umbrella is simpler (you don't have to do anything yourself) - you just get paid, but the admin fees, tax and NIC will be higher.

    Ltd is more complex, will need you to research and take responsibility for your own taxes, returns, etc., but you'll have more planning options re tax, nic etc. A decent accountant to help you with that will cost about the same as the umbrella fees.

    Ltd is best for long term contracting. Umbrella is best if it's just temporary.

    It's up to you really. If you want an easy life, go umbrella, but if you are happy to do research, look after your own taxes, etc and think you're contracting long term, then probably limited.
    • TheCyclingProgrammer
    • By TheCyclingProgrammer 10th Jun 17, 4:15 PM
    • 2,502 Posts
    • 1,390 Thanks
    TheCyclingProgrammer
    • #3
    • 10th Jun 17, 4:15 PM
    • #3
    • 10th Jun 17, 4:15 PM
    You'll also need to consider IR35 implications if you go down the Ltd route.
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