Benefits to you of an Umbrella Company

Key Benefits

• No more administration or tax worries;
• Expense advice to ensure you claim back from the client what you are entitled to;
• Advice on taxable allowances to ensure your tax is minimised; and
• No more expensive Accountancy fees or PII cover (we provide this for you).

Our fees start from just £14.41 per week or £47.06 per month.

Detailed Benefits

• Fast invoicing and collection can improve cash flow;
• We can have you set-up for contracting in less than 24 hours;
• You benefit from "Limited Liability" which helps protect your personal assets;
• You become a PayMatters employee and are therefore outside the scope of IR35;
• As an employee you benefit from Statutory Sick Pay and Maternity Pay;
• Get reimbursed for expenses that your agency/client has agreed to reimburse;
• You can reduce your tax liability by claiming deductions for expenses that you have incurred but not reclaimed that were wholly, exclusively and necessary in performing your duties i.e. travel, hotels. We provide you with a full list of expenses you may be able to claim;
• We are managed by Qualified Accountants;
• No need to take out expensive contractor insurance - we ensure you’re fully covered;
• Access to Group Pension Scheme and discounted Health Cover;
• Child Care Voucher Scheme;
• Mortgage and Employer references available;
• A back office of qualified staff acting on your behalf (for a much lower fee than if you set one up yourself);
• Frees up your time to earn more money or enjoy your free time and family life;
• No more spending your evenings worrying about outstanding administration;
• Our Fee is tax deductible;
• Discounted Monthly Payment option;
• Claim back ALL expenses you are entitled to;
• Free Helpline - online or by phone for all your tax and pay queries;
• Save the initial cost of forming your own limited company;
• No requirement to submit an annual tax return (unless other income/factors require one);
• No need to worry about Statutory, Company House and Taxation legal requirements of being a Director of a Limited Company;
• No VAT worries - we account for all VAT and payments to HMRC;
• No Accountancy Fees; and
• You can use the umbrella company when and if required.