Once your income exceeds £100,000, the tax-free personal allowance is gradually reduced until it is eliminated in full. Continue reading to learn more about the Abatement of the Personal Allowance and how to preserve your entitlement to the allowance.
Recently, we have received a couple of queries from contractors who have never completed a starter checklist for PAYE before and are unsure which statement applies to them. Continue reading as we outline what each statement means and in which scenario it would apply to you.
Salary sacrifice is a great way to boost your personal pension pot by increasing the amount you contribute each time you are paid. If you’re a contractor, freelancer or agency worker and you require the services of an umbrella company, some can accommodate salary sacrifice – if it’s something you’re interested in. Continue reading to find out more about salary sacrifice.
When you work through a recruitment agency, you will be asked to opt-in or out of the Conduct Regulations. But do you know what this means? Continue reading as we explain what the Conduct Regulations are and what it means to opt-in or out of the legislation.
Before you register with an umbrella company, it’s a great idea to request a tailored take home pay illustration to get an idea about what your net take home pay will be after deductions. Continue reading to discover how umbrella company illustrations are formulated and why companies may be quoting you differently.
When you register with an umbrella company, your offer of employment is usually subject to you returning your signed Contract of Employment, proof of identity, your right to work in the UK, and a copy of your P45 (or HMRC’s New Starter Checklist). But why are these documents required? Continue reading to discover why umbrella companies will request these documents as part of the onboarding process.
If you’re thinking about starting a contracting career or are moving from a limited company to an umbrella company, we understand you’ll probably have a few queries about how umbrella companies work. Don’t worry – we’re here to help! We’ve summarised the main questions we get asked by contractors to help you decide whether an umbrella company is right for you.
Off-payroll in the private sector will be coming into effect in a matter of weeks (6th April 2021). It will mean that many contractors who currently work through their limited company can no longer determine their IR35 status. If you’re deemed inside IR35, you may find working through an umbrella company a beneficial option from now on.
With the IR35 reforms due to be implemented from April 2021, you may find you require an umbrella company for assignments inside IR35. Registering with an umbrella company may at first seem like a daunting experience. However, please do not worry – it’s actually very straightforward. Continue reading to discover how to register with an umbrella company.
Whether you are new to contracting or are a seasoned contractor, making the right decision for your payroll is essential. When answering the question “should I use an umbrella company?”, you need to take into consideration whether you are inside or outside IR35 legislation, and whether an umbrella company is the best option for you based on the assignments you want to work on.