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Umbrella Company Profile Payscheme
Total Profile Views - 1263
Total Clients - 220
Company Analysis
Relative ratings across Contractor Supermarket
Compared Vs Average Contractor Score
Net Pay and Price Per Month Comparison
Umbrella Company Snapshot - Payscheme
£114
£673
PayScheme Plus operate different schemes depending on how much you earn. Their umbrella company is a standard model where your earnings are subject to PAYE.
The web site is quite basic, though many contractors like this approach as they themselves do not want to be involved in all the intricacies & technicalities of PAYE payroll.
Benefits include pension plan, healthcare, insurances, childcare vouchers, salary sacrifice and a tax return service if needed. You also get both a dedicated Customer Service representative and a dedicated payroll coordinator.
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What they Say
"With the changes in regulations defined by the 2007 Budget, salary plus dividend payments through a Composite Company have been replaced by Umbrella Company solutions where the agency worker is paid salary and expenses or through the alternative route of a Single Owner Limited Company. Agencies can only employ temporary workers on a PAYE basis and have no scope to handle business expenses. Nevertheless IR35 is still relevant in respect to dividends in the Single Owner Limited Company. The Umbrella Solution is in general the favoured route to maximise temporary workers take home pay which is enhanced by the inclusion of business expenses."
In a Nutshell
Worth a call. You'll be well looked after.
Monthly Fee of £114 provides you with
- Company with 3 years experience in the industry
- £5m of Employers Liability Insurance
- £1m of Public Liability Insurance
- £1m of Professional Indemnity
- Extra charges - No
- Reply Time - 24 Hours
- Opening Times - Mon to Fri 9am - 5.30pm
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