One of the most frequently asked questions relating to umbrella companies is: “how do pensions work with an umbrella company?” To help our readers understand umbrella company pensions, we’ve created a short video that explains the basic information you need. Please keep reading to see the video and the supporting …
Video: How do pensions work with an umbrella company? » Read the full story
There are plenty of ways employees can benefit from salary sacrifice, but the most popular is tax-efficient pension contributions. If you’re prioritising your pension – salary sacrifice may be an awesome way to boost your pot. And, there are some really useful tax-benefits that you may not be aware of. …
Do umbrella companies offer salary sacrifice? » Read the full story
Whether you’re new to contracting or you’ve been doing it for donkey’s years, you’re probably keen to get an accurate indication of your take home pay before starting an assignment. And, as we’re dedicated to helping the UK’s temporary workforce understand all-things umbrella – we thought it’d be really useful …
Getting the most out of an umbrella company calculator » Read the full story
Here at Umbrella Companies we talk a lot about self employed pensions. And for good reason, because most of you ignore it.
A crack team of survey givers hit the streets of Holland recently. Their mission? To survey 5000 self employed Dutch workers.
In a brand new survey by experts, it was found that 40% of British people in the workforce believed they will never get to retire.
Contractors are no doubt aware that the government recently changed the rules on the amount of money people can put aside in a pension scheme and still benefit from tax relief. It used to be £225,000, but earlier this year chancellor Osborne reduced that to a mere £50,000 per year.
Last week, the REC responded to the inquiry into workplace pension automatic enrolment, highlighting the challenges the reforms will pose for recruitment agencies that place temporary workers.
Recent research findings from Badenoch & Clark show that nearly 67% of public workers have decided to remain in their current position and 31% say they are happy in their current role. Yorkshire has the highest percentage of content employees at 44.7%.
The British Chamber of Commerce recently called on the coalition to encourage sole traders to grow by making them exempt from certain legislation.
Freelancers, contractors and small business owners may want to make preparations so that they are not affected by public sector strikes.
As from October 2012, employers, including umbrella companies, will need to enrol their staff in a pensions scheme automatically.
Tax experts have applauded the government’s grown up approach towards creating a more stable tax system.
Employee benefit trusts and employment finance retirement benefits schemes are the latest to be targeted in proposed Treasury regulations.
The auto-enrolment pension scheme will cost SMEs and umbrella companies an average of £2,550, but the true cost of administering it could be horrendous, warns the FSB.
The requirement for all employees to be enrolled automatically into a pension scheme is due to be implemented in 2012, but it seems there are still some aspects of the legislation that are causing concern.
