Quote:
Originally Posted by iron_lady
SMG, Thank you very much for your friendly (if not slightly creepy response). I used the calculators that you posted and I think I am much closer to understanding how much I will be taking home each week.
One question that was raised from your response was the issue of child care vouchers. What do you mean by this? I currently pay a small fortune on childcare for my two iron babies, so any help that I can get with Child care would be a godsend!
Just to let you know, a few moments ago I accepted the offer from Company X and opted for the £550 day rate through an umbrella. I start this new post on the 16th March, so I now have to find myself an Umbrella company. What questions should I be asking to make sure that I am getting the best umbrella company for me? Also, how long does it take to set everything up through an umbrella company? I don't want to spend two weeks researching only to find out it takes a week to set me up!
IL  |
Some Umbrellas (not all, just some) will pay you Child Care Vouchers before arriving at your gross (taxable) salary. Remember not only are you paying employee's income tax and national insurance on this gross salary but ALSO employer's NIC. Anything to can take out before the gross salary (expenses, pension, CCV) is hugely tax efficient.
If you need to locate and Umbrella, go to the red search boxes on the main site and perhaps perform an advanced search based on your requirements (weekly fee, qualifications, feedback scores etc). You can apparently sign up with an Umbrella through this website or request a call back...your choice.
Sort it now and you should be setup in a couple of hours.
Looking forward to our chat on Friday....don't bring the kids.
GGGGMMMMMSSSSSS (SMG)