Do I need a director’s fee in my company if my company is dormant whilst I work through an umbrella company?
No - as you can potentially utilise your personal allowance to offset against income taxed at source by the umbrella company paying you.
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Does IR35 apply to an Umbrella Company?
No. IR35 legislation applies to individuals who provide their services via a limited company.Does my IR35 Status Affect my Pension Contributions?
If you are IR35 captured then you can continue to make pension contributions. However, the rules are different depending on...Is an Umbrella Company the only Option if i’m Captured by IR35?
No. If you are captured by IR35 there are number of options available to you, including working through your company or going on the payroll of the agency or the end hirer. You need to consider which of the options available best suits your circumstances.Do I need to Close my Limited Company Down if I am Captured by IR35?
No. There are many different options available to contractors captured by IR35 for their current contract. Depending on your circumstances, closing your limited company down may be a preferable option, but it is not essential.Can I Still Work Through a Limited Company if I am Captured by IR35?
Yes. You can work through your limited company (PSC) or under an umbrella company. You may wish to seek guidance as to which will be the best solution for you.What am I (the Contractor) Responsible For?
From April 2021, it is the end hirers responsibility to assess IR35 status on behalf of you, the contractor. So even if you are a director of your own limited company, you no longer have that responsibility moving forward.