Overview:

Under this payroll solution the temporary worker or contractor becomes an employee of the umbrella company. The contractor instructs us to invoice the agency/client based on an approved timesheet. Once we receive payment from the agency/client we then pay the contractor a net salary after deducting National Insurance (NI) contributions and any income tax on the earnings. The benefit of this solution is that the contractor can claim expenses which can reduce the taxable income resulting in a higher take home pay.

It works like this:

• The contractor secures an assignment with an agent or client. 
• The contractor instructs the agent or client to make out the contract in the name of the umbrella company and not the name of the contractor.
• The contract is sent to us for signature.
• We engage the contractor's services in terms of an employment contract.

Benefits:

·         Fixed weekly fee of 4%, tiered for higher earners

·         You are classed as an employee of the company, therefore no IR35 worries

·         No administration headaches

·         Full expense benefit resulting in a reduced taxable income

·         Comprehensive insurance cover, enquire for details

·         Referral scheme

·         We submit PAYE and NI contributions before paying you

·         We liaise with agency/client on your behalf

·         No set up or leaving fees, just 1 week’s notice required