PAYE Umbrella Company
The PAYE Umbrella Company has come even more to the fore with the abolition of Composite Companies. The two options left for contractors are the PAYE Umbrella Company and Limited Companies.
Those service providers who provided a safe and reliable PAYE Umbrella Company option are now seeing the benefits of not sailing too close to the wind in providing safe and reliable Umbrella Companies.
Here we give contractors the various PAYE Umbrella Company options so that they can make their own choice of Umbrella Company.
1. Parasol Group
Join the 32,000+ contractors who have already put their trust in Parasol, to take care of all their timesheets, expenses, invoicing and tax, and provide masses of added benefits, making us the UK’s most popular PAYE umbrella company – by miles.
Parasol was formally launched in 2000 and rapidly built a healthy base of contractor employees, largely by developing partnerships with the recruitment agencies that place them. Now in its ninth year, it has looked after the needs of some 32,000 contractors and this figure continues to increase as the company expands into new market sectors across the UK.
Parasol have an industry leading online portal called ‘My Parasol’, which makes life very easy for contractors to submit timesheets, expenses, invoices and personal details via the secure site.
The Parasol team are proud as punch of the large number of business awards and accolades achieved over recent years: ISO9001; 2008, 2006 and 2005 Sunday Times Fast Track 100; 2008 and 2006 Sunday Times Top Track 250; 2007 Best Companies Award; Investors in People Award as well as receiving the 2007 and 2005 ATSCo Staffing Service Provider of the year award for our excellent customer care.
Highly respected within our industry we are founder members of the Service Providers Association (SPA), have strong affiliation to the Professional Contractors Group, are affiliate members of APSCo and are audited by Professional Passport.
In November 2006 Rob led an MBO of Parasol, backed by the private equity firm, Inflexion. Parasol has achieved tremendous average annual growth of 280% and now boasts a turnover in excess of £300m. The company employs over 100 staff at its head office in Warrington, Cheshire and has recently established a regional sales office in London with a further regional sales presence in Scotland.
With Parasol there are no joining fees, exit fees or minimum terms. Plus we don’t, repeat DON’T, take a percentage of your salary. We deduct a flat rate weekly admin fee – no more, no less – there are absolutely, categorically, no hidden extras. So this way, if you get a well-earned pay rise, our costs stay the same and the extra dosh goes straight into your pocket. Result!
Visit www.parasolgroup.co.uk for further details.
Tel: 0800 583 6000 Fax: 0870 744 3909 Email: Enquiry@parasolgroup.co.uk
2. Bedouin Group
Calling all Consultants, Contractors and Freelancers!
Do you want to pay less tax? Up to 25% more in your pocket.
Bedouin offers you the opportunity to choose employment with a reward structure that provides you
with up to 25% more in your pocket for the same hours, legally and TAX PAID!
o Average earnings retention of 85%+
o No charges when you do not work
o No charge to join or leave employment
with Bedouin
o Full employee status whether contracting in the UK or overseas
o Fixed longer-term contractors can still participate
o Professional Indemnity Cover*
Jaco Grobbelaar, a London-based contractor to a blue chip company, explained how working with Bedouin Group has helped to boost the money in his pocket by around 25% - while actually doing LESS work.
"It is really very simple", he said. "By becoming employed with Bedouin Group, I am able to take a salary to suit my circumstances, and take advantage of other, more tax-efficient benefits through Bedouin and its Employee Benefit Trust arrangement - settled by the Directors and maintained specially for the benefit of Group Employees.
"The net effect, tax paid, is an average of 85% of what I earn for the Group, when placed on contract with them, in MY pocket - instead of the crumbs remaining after handing the taxman the 40% I have been paying all these years.
"The money arrives in my account tax-paid, so I have less book-keeping, filing and administration to do. I don't even need my expensive accountant any more.
"It's great. My contract is simply assigned to Bedouin; my workload remains the same - or even less; and I am 25% better off - every year! It is just a matter of working smarter, not harder, and reaping substantial financial benefits where it matters - in MY pocket."
Call us: 0870 803 2 888
Or check out http://www.bedouingroup.com To find out more about how we can help you save money, and to sign up to the 'Give yourself a pay rise' seminar.
3. Umbrella Companies for Contractors
PAYE Umbrella Company operating within the UK mainland & not offshore.
According to their website:
"A real employment solution for the modern day contractor who wants to tailor their Tax & Benefits package to suite their individual lifestyle & circumstances."
- Offer the latest tax advice and expenses policy, this must be the safest offer on the market today.
- This umbrella company is perfect for contractors who would rather give the new company a try, you might be tired of the service that some of the larger companies offer. You might be tired of being a number when you call up your existing provider for service.
- They also offer a comprehensive list of insurances that cover contractors who work under their umbrella:
- Public Liability,
- Employers Liability,
- Professional Indemnity,
As we all know such benefits can save you a tidy sum, in some cases thousands of pounds PA.
They also offer a really attractive financial advisory service, which can give you the added benefit of you being able to tailor your employment package to suit your very own needs.
Such Employee Benefits packages range from:
- Pension Scheme
- Private Medical
- Death in Service
- Employee Savings Scheme
If you have ever dreamt of owning that supercar, then check out the generous refer a friend offer below:
"Refer a friend - Win an Aston Martin / Lamborghini / Porsche / Ferrari (receive 3 tickets in the best of the best prize draw worth £75"
Prices from £10 per week + VAT
info@umbrellacompaniescontractors.com www.umbrellacompaniescontractors.com
FREE advice & FREE illustration
0203 3933 626
4. PayschemePlus
Payscheme Plus provides a highly tax efficient Umbrella PAYE solution that allows contractors to take home up to 40% more of their salary.
This compliant structure assures self employed status and does not undermine the agency or end user company in any way.
Payscheme Plus can also provide administrative support from invoicing and payroll to a fully managed stress free solution.
No joining or leaving fees, payrolls are run daily and contractors receive a text to confirm when money will clear in their account.
For information email save@payschemeplus.com, call 0845 620 9257 or visit www.payschemeplus.com
5. Sanzar
We guarantee you will receive 85% of your annual gross contract value
There are no loans or hidden fees. Our solution is unlike any other currently available.
Other reasons to join Sanzar:
We are NOT a Tax Avoidance Scheme
The Sanzar Partnership works entirely within the law (UK & IOM). We do NOT use any loopholes. Our tax efficient structure has been reviewed thoroughly by one of the UK's most eminent International Tax QCs.
Straightforward, swift payments to you
The Sanzar Partnership operate a 'pay-when-paid' system, which means as soon as money arrives in our account, we pay you. This payment is typically transferred the same day, or via BACS if your bank is not yet able to receive fast payment.
You receive your salary, payments on account and any billable expenses together. We send you a wage slip for every salary transaction.
Dedicated support
You will be nominated one point of contact for any queries you may have - before and after you join Sanzar. We will help ensure that your Self Assessment Tax return is in order. We can even help to find your next contract or try to negotiate a pay increase for you.
We make it easy for agencies
We have a growing list of agencies that are eager to do business with us.
For information please call 01624 816 816
Or email: Email,
Or visit our website: www.sanzar.co.im
6. Decimal
Our service gives employees the same hassle free benefits of being with an umbrella company but with a greater net take home than operating your own Ltd Company. Our employees have the best of both worlds. We give you more money and more time to spend it.
Effectively increasing your take home pay by 30% in your pocket, delivered to a UK bank account of your choice, TAX and NI paid.
If your gross contract value is £45K or above then please read on
Take home up to 87% of your contract value (2% Discount to our normal charges) Limited offer only, applications must be received by January 31st 2009.
- No Charges/costs when you are not earning
- No start up or exit fees
- Hassle free unlike running or administering your own Ltd Company
- All invoicing and collection of funds handled by provider
- All contributions for TAX and NI done for you
- As a Decimal Employee there are no director or other corporate responsibilities
- MSC & IR35 compliant
- Public Liability and Professional Indemnity Insurance available for employees subject to status.
- Pension, Income Protection, Death in Service, Savings Plan, all available as required.
Unique - Unlike any of our competitors we have in house Trust, Legal and Tax specialists with many years of expertise.
We also have links to all major banks if need be and can assist you in opening new accounts if necessary.
CASE COMPARISON:
Contract £100,000
PAYE £64,000
Ltd Co £75,000
Our Solution £87,000
Please fill in the form for a no obligation free quote and you will be contacted back within 24 hours.
You could be set up within 24 hours if you contact us, so please don't delay!!
To find out more information fill in the short form here:- Contact Us
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