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Self employment on tier 4

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stephalphs
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Posts: 26
Joined: Sun Sep 04, 2011 7:08 pm

Self employment on tier 4

Post by stephalphs » Thu Feb 16, 2012 10:46 am

Can someone please advise me accordingly.
I was on PSW and was working for my company on self employed basis.
Now I will be receiving my BRP soon on tier4, and I know I cannot continue to work as self employed.
My plan A is to register with an umbrella company to get my wages paid.
However, I would like to clarify something. Tier4 said I cannot be self employed, but it says nothing about the percentage of shares I can hold in the company I work for. I remember for tier 2, I think they cannot own more than 10% shares. Does that mean I can own even 100% shares of the company I work for on tier4? So can i effectively set up a company, and then work for that company?
I would like to avoid the umbrella company because of the fees and cuts involved.
All input will be much appreciated

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