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Umbrella or not??

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  • Umbrella or not??

    Hi everyone,

    I got a question that relates to working full time as a Locum in the NHS: Umbrella companies.

    Is it beneficial finacially for the locum to have one or going PAYE is the same? I got suggested by the agency that is the same but I would like to know your views on this, expereiences and if there are umbrellas to be wary of. I've heard that some hospitals are no longer accepting umbrellas and it seems you end up getting less money at the end by going PAYE. Is this true?

    Any suggestion is welcome.

    Many thanks in advance.

  • #2
    From what my GP and accountant mates tell me, apparently the NHS has clamped down on locums using LTD and umbrella companies.