Setting
up an Umbrella Company
Imagine
keeping more of your hard earned money to yourself. Is this possible? Yes!
Is there a catch? No there isn’t one. If
you are on temporary contractual work, you can inject more money into your bank
through an umbrella company. |
This
is a perfect solution for those who want a simple, painless and the least administrative
method of payment. There is no red tape attached and one can sleep well at night.
The overall net pay is maximised by tax relief on the expenses submitted. We
charge a flat fee of £12 per invoice, after tax relief it will only cost the worker
net £7 per invoice. Overview ::
A complete
PAYE payroll service :: Net
pay increase compared to the traditional PAYE process ::
Processing the payroll is simple, hassle free and easily managed ::
Easy to register in seconds - phone or e mail ::
Best possible remuneration and least possible administration ::
No Joining Fee, Leaving fees or Accounting fees ::
Proactive approach to expenses approved by HM Revenue and Customs ::
No worries regarding IR35 or any other tax avoidance schemes ::
Prompt payments to your personal account Ideal for all professional backgrounds
:: No responsibilities, No liabilities
- Allows you to sleep at night |
Benefits
to the Worker ::
Immediately start work :: Payslips processed
daily Work for multiple agencies but have one payroll contact ::
All Statutory benefits – holiday, sickness, maternal/paternity ::
Maximum pay for minimum work :: No Annual
tax returns to file :: Seamless and paperless
payroll system :: Expenses offset against
income - Maximises pay packet :: Benefits
similar to a limited company without any responsibilities ::
PFS has a comprehensive Insurance policy for both Public Liability and Employers
Liability |
Administration
of Umbrella Company ::
No fuss, immediate registration :: We
will have a contract with the Agency ::
We will have an Employment Contract with the temporary worker ::
Pinnacle Freelance Service will effectively become an Employer ::
Confirm your hours of work - by e mail, fax or phone ::
Invoice will be generated and issued to your agency ::
On receipt of Cleared funds from the agency ::
Payment on same day via BACS transfer (via CHAPS can be arranged) ::
Payslips e-mailed simultaneously :: Payment
choice - weekly, fortnightly, monthly ::
The agency will receive statutory details of the Umbrella Company - PFS Ltd ::
We will pay and submit month and year end statutory returns to Inland Revenue |
Expenses
::
This has to be exclusively related to the duties of your allocated assignment ::
You must comply with the rules of Inland Revenue when claiming expenses. ::
Download the Expense Claim
Forms from the website :: Attach expense
receipts and post it to us on weekly basis |
Call
us on 0208 206 1234 . FAX: 0208 204 4343 Office Hours: Monday to Friday 0900
hrs - 1700 hrs Online service : www.pinnaclefreelance.com Address: 445
Kenton Road, Harrow HA3 0XY |