- James ticked yes to the above questions and now he off-sets his expenses weekly and has increased his take home pay from £417.05 to £460.69.
- Graham ticked yes to the above questions. He now offsets £200 of legitimate business expenses each week and has increased his take home pay by £49.84.
- Ian ticked yes to all the above questions and now by off-setting the 48 mile journey to his contract he takes home 86% of his gross pay.
What is an Umbrella Company?
A PAYE Umbrella Company offers a contractor an alternative to being self-employed and managing a Ltd Company. The Umbrella Company deals with off-setting all legitimate business expenses, deducting NI and Tax, processing end of year tax returns, prepares invoices on your behalf, receives income from clients or agencies, and forwards you the correct amount net of PAYE & NI. This means the money you receive each week is yours to spend without worrying about self-assessment, payments on account and Class 4 NI contributions.
What are the benefits of Using an Umbrella Company?
If you are a Contractor we can help you stay IR35 compliant, maximise your take home pay by off-setting legitimate business expenses, and handle invoicing your agency each week. With a PAYE Umbrella Company you work as an employee of the Umbrella Company, and the Umbrella Company takes care of paying your PAYE and NI.
Jargon Busting
Why choose Simplify?
With Simplify's PAYE Umbrella Company you only pay an administration fee when you are earning.
This means that there are no long term commitments from yourself, unlike having your own limited company where the costs continue irrespective of your earnings. An umbrella organisation is simply an administrative service for the modern contractor- taking all the hassles of you completing all the ltd paperwork, companies House Returns etc, and saving you both time and money! Read more »
Latest News
NMW Consultation - What it means for Contractor Expenses
The government has recently published the finding of a
consultation into National Minimum Wage Workers – Travel & Subsistence
Expense Schemes.
The findings back the way Simplify Umbrella deals with our Contractors expenses, and Simplify's MD, Emma Hainsworth calls for the recommendations to become law.
