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    • MoneySavingMission
    • By MoneySavingMission 8th Mar 18, 2:31 PM
    • 215Posts
    • 22Thanks
    Umbrella with financial planning - legit?
    • #1
    • 8th Mar 18, 2:31 PM
    Umbrella with financial planning - legit? 8th Mar 18 at 2:31 PM
    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?
Page 1
    • Pennywise
    • By Pennywise 8th Mar 18, 6:19 PM
    • 10,035 Posts
    • 18,605 Thanks
    • #2
    • 8th Mar 18, 6:19 PM
    • #2
    • 8th Mar 18, 6:19 PM
    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
    • By Murdina 12th Mar 18, 6:41 PM
    • 411 Posts
    • 187 Thanks
    • #3
    • 12th Mar 18, 6:41 PM
    • #3
    • 12th Mar 18, 6:41 PM
    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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