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Contracting services - Umbrella Company v "Annuity Agreement"

  • 04-02-2022 6:12pm
    Registered Users Posts: 16


    I was on the lookout and comparing a few services that offer Umbrella solutions for contractors (as apposed to the palaver of setting up a limited company since I am kind of looking for a short term solution).

    I was all set to choose one as they were all similar anyway, when suddenly another firm popped up offering an "Annuity Agreement" solution. The retention rate of monthly salary was just over 10% more than the umbrella services and so I thought I would try to find out some more info on the subject.

    Anyone familiar with this set up and whether its all legit ?