Let FPS Umbrella help you to work out your PAYE Tax for free!
Welcome to FPS Umbrella - you are just 4 seconds away from the Smartest way to be paid on contract in the UK
For almost 20 years we have been working with recruitment companies and their temporary workers to provide compliant and trustworthy payroll solutions. Our services are tax efficient and provide our members with the security that they will be paid on time every time, with all the correct tax deductions dealt with for you. Working through FPS Umbrella ensures there is no risk or uncertainty and if you receive part of your salary as a business expense reimbursement you can save up to 40% in tax and NI on that element of your earnings.
Work out your PAYE Tax using the FPS Umbrella free calculation service!
With
only one payroll contact, regardless of how many different recruitment
companies they use, they know who to ring if they have any payroll
questions. That means more time to spend with friends and family
rather than tied up on payment administration.
What is PAYE? Pay As You Earn, is the payroll deduction system whereby income tax and National Insurance Contributions (NIC) are deducted from an employee’s salary. The amount deducted is established by their tax code and is designed to try to collect the correct amount of tax on NIC over the tax year.
*Assumptions: Based on 543L Week1/Month1 Tax code, working 35 hours per week, claiming weekly expenses as detailed above, 13% rate uplift, weekly invoicing fee of 17.50 GBP
If you enjoy the flexibility of temping but don’t want to be on your own, then come and join FPS Umbrella – you’re in great company.
What is IR35?
Let’s get straight to the point: IR35 is only important if you are trying to establish that you are self-employed and avoid tax deductions on your full salary.
Through FPS Umbrella you don’t have to give this legislation any consideration or spend time worrying about falling inside or outside of IR35 or indeed any other self-employment legislation.
When you join FPS Umbrella you are registering as an employee. Your pay will be a salary payment subject to full PAYE and National Insurance Contribution deductions. As such, UK state benefits are available should you become a new parent or fall sick. Peace of mind
Working through FPS Umbrella makes IR35 a nightmare of the past. It’s one of the reasons why we can offer peace of mind to our members.
