If you would like some more information tailored to your specific needs, please call us on 01613541038 or send us a message.
What Is An Umbrella Company?
How Does S&S Umbrella Operate?
We follow up any outstanding or late payments owed to you and ensure your agency or client pay you within the payment terms they agreed with you when they offered you.
We calculate and deduct PAYE Tax, Employee’s National Insurance and pay all deductions direct to HMRC on your behalf.
What Is IR35 And How Does It Affect Me?
The intermediary can be:
- Your own limited company.
- A service or a personal service company.
- A partnership.
If IR35 applies then the intermediary has to operate PAYE and National Insurance contributions on any salary or wages it pays to you during the tax year.
The rules are designed to make sure that the right rate of tax and National Insurance is paid for you.
IR35 may also apply if you are working through an intermediary and you:
- Or your intermediary, or client are abroad.
- Work in the construction industry.
- Are an office holder.
- Work with your partner or spouse.
- Are working, through an intermediary, for a charitable organisation.
IR35 does not apply if you work for a client through a Managed Service Company (MSC) or agency, for example an employment agency.
Some umbrella schemes still use dividend payment systems and offer IR35 insurance or IR35 friendly contracts. However, contractors in these schemes are still at risk of having to pay back underpaid tax going back some six years.
When you join S&S Umbrella, you become a PAYE employee of our company and pay your Tax and NI contributions through the normal HMRC channels.
How Quickly Will I Be Paid?
What Business Expenses Can I Claim?
The answer is, at S&S Umbrella, we know it is perfectly fine to claim for professional subscriptions and text books, as long as they are required for the purpose of your contract. In addition, we have the knowledge to help you identify all the expenses you’re entitled to claim for.
In addition, unlike some less reputable umbrella companies, we simply don’t believe in encouraging our contractor employees to exploit grey areas in the system because, as we’ve said before, the taxman is none of a fool.
Here’s some of the legitimate and above-board expense claims we’ll happily help you with:
- Rail, bus, taxi and air travel (subject to your SDC status)
- Daily food and drink (subject to your SDC status)
- Overnight accommodation.
- CRM and employment checking requirements.
What Are Rechargeable Expenses?
Rechargeable expenses are invoiced to your agency or client in the same manner as your worked time, however when funds are received they are processed without Tax and NI being deducted, so paid back to you in full.
How Much Will I Be Paid?
How Am I Paid?
All time-sheets received on Monday by 10 AM will be processed and you will receive your payment by Thursday.
Call us free today on 01613541038 or send us a message for more details.
Will My Pay Be The Same Amount Each Time I Am Paid?
Why Do I Have To Pay Employers NI If I Am An Employee?
Your standard PAYE rate of pay will usually be uplifted to cover the increased cost for Employers NI contributions this enhanced pay is sometimes referred to as ‘uplifted pay’ or a ‘limited rate.’ The enhancement can also include a proportion for holiday pay.
How Much Do You Charge?
We also have a no work, no contribution policy so the weeks you are on holiday or between assignments you do not pay a penny.
*tax relief calculated at basic rate and with a pension, if you are a higher rate taxpayer the relief you receive is even higher.
Will I Be Affected By The Managed Services Legislation (MSC)?
What Will My Employment Status Be With S&S Umbrella?
When you join S&S umbrella you enter into a contract of employment, which fully protects you and your employment rights.
Our contract of employment ensures all your employment rights, insurance and accounts are fully taken care of and your Tax and NI contributions are paid directly to HMRC.
Will I Be Entitled To The Same Statutory Benefits?
How do I Join S&S Umbrella?
What Is An Induction?
Can I Leave S&S Umbrella At Any Time?
However, as soon as any notice period is spent and all funds have been processed, we will then be able to close down your account and release your P45 for you to take to your next employer.
How Do I Know I Am Paid Correctly?
We will also send a P60 once a year in May to anyone who has had payments processed in that tax year, to ensure you are fully aware of Tax and National Insurance payments to HMRC.
Do I Need To Arrange Insurances In Relation To My Contract?
Our Insurances include:
- £5 million Professional Indemnity.
- £5 million Public & Product Indemnity.
- £10 million Employers Liability.
Do I Receive Holiday Pay?
Can You Help Me With My Personal Tax Return / Self-Assessment?
Where Do I Send My Expenses?
How Do I Get A Tax Rebate?
However, if you have been on an incorrect tax code, resulting in you paying too much tax in the current year, HMRC may issue a ‘P6 Change of coding notice’ to correct the situation. Once this has been received, your tax will automatically be recalculated when your next payment is made and any over payment will be repaid with your salary.
What ID Do I Need To Join?
For Non-EU nationals there are further requirements that have to be met, please speak to our Team on 01613541038 for further details. Or send us a message!