FAQ
Our most frequently asked questions & answers
We do not charge any fees. We already have commission based agreements with the umbrella companies that we are in partnership with. Using our services it will not affect the take home quote provided relative to going direct to our providers.
You’ll get paid immediately after payment is received from your recruitment agency. All our associated umbrella companies maintain a high standard for payment times.
Not at all. Umbrella fees are effective only whilst you are earning income. No fees are charged for holiday periods or any gaps between contracts.
Flexibility and control over your payment plan is important to us. That’s why we guarantee that your paired umbrella company allows you to come and go at anytime with no startup or exit fees.
Umbrella companies act as an employer for contractors working on fixed-term contracts. They also serve as an intermediary between the contractor and their agency or end-client. Their main purose is manage payroll, organizing payment on your behalf. Earnings are received from the end client or recruitment agency and then paid onto you after National Insurance Contributions and tax have been deducted.
Umbrella companies and agencies both pay their contractors through PAYE. However, there are some aspects of payroll service that umbrella companies are better suited to. Agencies, being paid by the end client and can cause a conflict of interest and may not provide good advice. Umbrella Companies acting as an intermediary are more inclined to act in the best interests of their clients and specialise in communicating possibilities of paying less tax by receiving tax relief and will enquire to see if you’re eligible.
No problem. We ensure you find an umbrella service experienced in working with the current recruitment agency you’re working under and will contact them directly for you. Answer a few simple questions today and you’ll be setup within 24 hours. Then just submit your weekly or monthly timesheet to your umbrella company and the rest is taken care of.
We know it’s easy to end up with payment solutions with unexpected complications and late payments. Not only that, you may not be receiving the take home percentage that you could be eligible for. With us you can switch over to another provider quick and easy and start receiving payment correctly and on time every time with complete access to up to 84% of your income. Get a free quote today and see what additional benefits you could receive from switching over from your old umbrella today.
Whatever the conditions of your contract are, there is no risk of IR35 penalties or additional tax being applied to your income with any of our provided payment services.
These schemes are referred to as ‘aggressive avoidance’ as they rely on sham arrangements in order to avoid tax. Though tax avoidance is not illegal there has been a number of cases recently in which contractors working under such schemes have incurred severe penalties resulting in extremely large tax bills.
Once you are working under an umbrella company, you become an employee of the umbrella company and are no longer self-employed. In most cases, contract rates and negotiation remains the duty of your recruitment agency.
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