Help! Limited company or umbrella?

(2 Posts)
LadyMud Mon 10-Feb-14 22:12:28

Are there any other options? Such as being a sole trader? Or even an employee?

TeamLadybird Mon 10-Feb-14 20:04:50

Following an earlier post on redundancy I'm thrilled to say I've been offered a 6 month contract.

But now I've got another problem - do I set up a limited company or use an umbrella vehicle?

My preference is for a limited company due to the additional tax savings but if my contract isn't extended I don't think the tax savings will be worth it.

I've talked to a couple of companies, the type who administer this sort of thing for you and charge a fee per month but they seem really expensive for what they do and I can't help thinking I should be able to do it myself.

Is there anyone out there who works as a contractor through a limited co and sorts out their own affairs not involving a third party?


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