The Web Designer Group Tracking

FAQ’s for Agency Paye, Umbrella Paye & Limited Company

What happens if I fill out your contact form?

You will receive an instant text and email showing what your retention would be with us. One of our experienced consultants will then call you to discuss things further. There is no obligation to proceed.

Why should I sign up with Contractor-Tax-Calculator?

Our consultants have a wealth of knowledge that they are happy to share with potential clients. This means that every question will be answered, giving you ultimate peace of mind.

What about other companies offering similar?

The Contractor-Tax-Calculator offering is unique to the market. Our competitors have taken cheaper options involving annuities and loans, these don’t work and will result in individuals being taxed in 2019.

I am new to contracting, what are my options?

Usually have only three options available to them:

Agency PAYE
Some agencies (not all) offer a payroll option for contractors.
If you do happen to be working for an agency that will pay you through their payroll then your entire income will be subject to full PAYE and National Insurance contributions. You will not be able to offset any expenses against your income even though you will likely incur them.
Take-home on £400 a day will be circa 55%.

Umbrella PAYE
An Umbrella Company is a company that will act as an employer to you.
The Umbrella Company option is not a very tax-efficient option. You are not able to claim expenses, meaning all of your contract income is subject to Tax and National Insurance.
Take-home on £400 a day will be circa 50%.

Ltd Company
Assuming you are deemed outside of IR35 you are able to take dividends from a Ltd Company. While this brings with it the need for an accountant and more administration than the other options, however it is more tax-efficient.
Take-home on £400 a day will be circa 67%.

Contractor-Tax-Calculator can help you achieve up to 90% take-home pay with no administration and the following headline benefits:
– A GREAT SERVICE
– A SOLUTION WITH NEARLY 30-YEAR TRACK RECORD
– PRIVATE TO YOU
– 100% FULLY IR35 COMPLIANT
– LEGAL TEAM WITH DECADES OF EXPERIENCE
– INSURANCES INCLUDED
– UP TO 90% TAKEHOME PAY AFTER TAX
– EASY SIGN-UP PROCESS
– DEDICATED PERSONAL ACCOUNT MANAGER
– SAME DAY FREE PAYMENTS

Close

CONTACT US

Vestibulum id ligula porta felis euismod semper. Nulla vitae elit libero, a pharetra augue. Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum. Maecenas mollis interdum!

Subscribe error, please review your email address.

Close

You are now subscribed, thank you!

Close

There was a problem with your submission. Please check the field(s) with red label below.

Close

Your message has been sent. We will get back to you soon!

Close