Giant umbrella company rip off!

RE: Giant umbrella company rip off!

Alison Clare Hickman — Wed, 21 Mar 2018 17:21:47 GMT

Ben Ogden none specific for veterinary professionals, as far as I have found ...

As for reasonable pricing... you do have to compete and haggle and not take their first, second or third price quote. Have their place for those not confident to do own taxes but you do pay for the privilege...

RE: Giant umbrella company rip off!

Ben Ogden — Wed, 21 Mar 2018 14:31:48 GMT

Interesting. Is there one out there that is set up for RVNs, by RVNs? Or are they all the same business type people that have found a market to set up in (exploit is what i really mean...)

RE: Giant umbrella company rip off!

Sal the 1st — Tue, 20 Mar 2018 21:18:25 GMT

[quote user="Ben Ogden"]

I don’t know anything about umbrellas etc, what is the reason for using them?

[/quote]

for the employers - a locum who uses an umbrella company means they don't have to worry about tax and national insurance, they know it has been dealt with and it won't come back and bite them on the bum at a later date

for the locum - they work out the tax , national insurance , 'holiday' pay etc and the locum gets their wage minus deductions which of course also includes a deduction for the fee the umbrella charges for doing this service. Use an umbrella and dependent on their cut you can end up a lot less wealthy than you thought.

RE: Giant umbrella company rip off!

Ben Ogden — Mon, 19 Mar 2018 23:08:36 GMT

I don’t know anything about umbrellas etc, what is the reason for using them?

RE: Giant umbrella company rip off!

Alison Clare Hickman — Mon, 19 Mar 2018 15:23:26 GMT

another tip.

http://www.purlieusconsulting.co.uk/

“Our simple pricing structure is a breeze! No charges when you don’t work and just £9 or £14 per week when you do! At Purlieus Consulting we certainly won’t penalise you each time you take a break”.

RE: Giant umbrella company rip off!

Alison Clare Hickman — Mon, 19 Mar 2018 14:47:16 GMT

Rachel Woodcock - I've just been haggling with Giant and they are now saying

We can offer our reduced net margin which would be 4.5% of the
assignment income received capped at £22

So, haggle, is my tip. Perhaps you can haggle with them even though you're signed up , if you threaten to leave and state the rate is hugely punitive and are considering going elsewhere...

hth

Ali

RE: Giant umbrella company rip off!

PHA86 — Mon, 19 Mar 2018 13:41:29 GMT

Have you tried i4? They charge a £1 per day, I believe. However I must admit when I look at my payslips my brain goes to mush!!

RE: Giant umbrella company rip off!

Alison Clare Hickman — Mon, 19 Mar 2018 13:05:57 GMT

Rachel Woodcock - I had to push for the information... I felt that the initial information they sent me was inadequate for advising a novice and it really needed to be as specific to my circumstances as an RVN as possible; so as to leave me best advised. They weren't to know that I already 'know my onions' and could therefore pick apart the information and comment on it. It isn't ideal for anyone who doesn't understand tax laws or how their charging systems work and take what they initially say at face value... As in many things in life, it is caveat emptor (buyer beware) - so I say to everyone considering an umbrella company...PUSH FOR INFORMATION AND KEEP PUSHING until you understand what you're getting into.

RE: Giant umbrella company rip off!

Rachel Woodcock — Mon, 19 Mar 2018 12:09:46 GMT

Hi ali

funny how they told you what they charge but not me! I spoke to a guy called Harry who sounded like he didn't know what he was doing and he never once told me the exact amount they deduct. I feel like an idiot for having trusted my agency that they were recommending a good umbrella company!

How can they justify charging me over £40 in fees when that reedgo company you listed charge £10????????

The whole use of umbrella companies is a joke!

RE: Giant umbrella company rip off!

Alison Clare Hickman — Mon, 19 Mar 2018 11:44:33 GMT

Hello, info for you all to consider...

I contacted Giant and asked them how much they'd charge me as an RVN. £28 per week, flat rate unless I am going through a recruitment agency and then they have different margins (so I suspect you end up paying more than this £28 per week once the recruitment agency margin has been taken into account...).

You don't have to be working through an agency to register with Giant but the practice you wish to locum for must be on Giant's systems for this work...

Remember that you cannot claim for travel & subsistence or meal allowance as RVN's fall outside of Supervision, Direction and Control under HMRC regulations (has been this way since 2016).

I suggest looking around and competing your umbrella company. I've detailed before some that have been recommended as 'good' (by other locums) (Vanilla - is no longer trading)

Redego

http://www.redego.co.uk/

See attachments re Giant FYI...

hth

Ali hwww.vetnurse.co.uk/.../Giant-Umbrella-Required-Information-with-p46.docx www.vetnurse.co.uk/.../giant-advantage-benefits.pdf www.vetnurse.co.uk/.../giant-umbrella.pdf