Salary sacrifice is a tax-efficient way to contribute to your pension and significantly boost your retirement fund. Our latest article explains how a pension salary sacrifice works and the benefits of using salary sacrifice for contractors.
When you join an umbrella company, the umbrella becomes your employer, and you become an employee. Therefore, it is a legal requirement for umbrella companies to auto-enrol their employees into a workplace pension scheme. Keep reading, and we’ll explain how pensions with an umbrella company work and what your best options are.
Please complete the short form below Please complete the form below which asks for information about your personal pension provider. We need this information to complete your set up with Churchill Knight Umbrella’s salary sacrifice service. If you have any questions, please give our Customer Services Department a call on 01707 669026. About YouPlease provide…
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This week (18th to 22nd November 2019) is Talk Money Talk Pensions Week in the UK. The goal of this week is to ease the discomfort around talking about money and motivate people to be more active in their financial wellbeing.
Contractors and freelancers working through a limited company can benefit greatly from taking initiative with their pensions. However, a recent report warns that freelancers are not saving enough for their retirement.
Whether you’re a seasoned contractor or have just started contracting, you have probably thought about pensions and how you can save for your retirement.
Recent legislation regarding auto-enrolment into workplace pensions for employees has been brought in by the Government to encourage workers to put aside for their future. This legislation states that employer’s with workers that fall under the following criteria must automatically enrol them into a workplace pension scheme.
When you register with Churchill Knight Umbrella and become an employee of ours, you’re joining a SafeRec Certified Umbrella Company. There are plenty of reasons why this is great news, as outline below. SafeRec is revolutionising compliance within the sector – SafeRec Certification means non-compliant umbrella companies have nowhere to hide. Every time an employee…
DetailsNo. Contractors and freelancers in the UK should never engage with an offshore intermediary (offshore umbrella company) to maximise pay. Doing so has plenty of risks, including the risk of an HMRC investigation and life-changing fine. When using a compliant UK-based umbrella company, you become an employee of the umbrella. As a result, you will…
DetailsThere are plenty of reasons why your net take-home pay with an umbrella company may vary from the calculation you received before registering. Firstly, a small number of unethical umbrella companies will inflate their take-home pay calculations to encourage contractors and freelancers to register with them rather than a competitor. In reality, every compliant umbrella…
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