LTD While there are no minimum contract requirements, we suggest that you intend to contract for at least 6 months before going LTD

UMB None, although if you only intend to work one assignment through Nasa Umbrella you may not be able to claim expenses

LTD IR35 will apply to you but with our assistance through our IR35 appraisal services, you can minimise your exposure by working in the correct way

UMB IR35 doesn't apply to employees of an umbrella company

LTD Yes, cover under Nasa Consulting's group policies is available under our £125 + VAT per month package

UMB Yes, all insurances are included in the admin margin (Employers, Public Liability and PI)

LTD We recommend contractors earning over approximately £30k p.a and with a minimum contract of 6 months consider a limited company setup, however please contact our sales team for advice and a projection so that we can assist you in getting the most out of your earnings

UMB From Apr 2020, any pay rate over roughly £10.75 p/h may see you benefit from using the umbrella company

LTD If outside of IR35, then you can keep 70-90% depending on the pay rate and your own circumstances

UMB Depending on the pay rate and expenses you claim, you can keep 60-85% of your income

LTD You will need to open and manage a separate business bank account. Nasa can introduce you to Cater Allen for a fast-tracked account set up as part of your company formation process, otherwise you are free to choose whichever bank you wish

UMB All payments are made directly into your named personal bank account

LTD A little bit of admin is required which may not suit the more admin averse! Systems are online for bookkeeping (expenses), uploading bank statements & receipts. We would estimate no more than 1-2 hours per month

UMB You'll need to upload timesheets to our portal - unless your agency is self-billing. Expenses & receipts will also need to be uploaded to the portal but the process is very simple

LTD Yes, all business expenses can be claimed for tax relief as long as valid receipts can be provided

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UMB As long as you qualify, you can offset some costs against your tax and NIC - including travel

LTD Fees start from £99 + VAT per month payable by standing order from your business bank account. There is a one off Company Formation fee of £100 + VAT

UMB No Joining or leaving costs

LTD You can save tax by making pension contributions, following certain drawing strategies and you may also benefit from VAT savings from using the flat rate VAT scheme

UMB By making pension contributions you can reduce your tax liability further. We also provide childcare vouchers so parents can still benefit from tax relief on these costs whilst using the umbrella company