Certainly dont go Ltd company expensive to open and shut down for such a short contract....if you go PAYE you can get jobseekers allowance and end of contract if f you are Ltd or in umbrella you can't
With an umbrella you will save in tax but basically you have no entitlement to anything once contract is over
If you think the contract is at least a year I would go umbrella otherwise PAYE
You may also get sick Pay on Paye
Of course, as Brendan mentioned, under an umbrella structure, you have the ability to go down the employee or the director route with regard to the level of PRSI paid.
This was the bit I was not sure of. Why would one choose to go the employee route over the Director route? As an employee, the company would have to pay 10.75% employers' prsi. Or does the director of an umbrella company have to pay that as well?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?