Included Insurance
Optimised after tax payments
Easy Payment Portal
Known for compliance
No messing around with Self Assessments
Pensions Payments taken care of
Less worries and more pay
Here at ITpay Umbrella we keep your contracting and locum life simple and hassle-free by providing a fully HMRC compliant service.
Our extensive list of benefits speaks for itself, from insurances, full statutory employment rights, claiming legitimate expenses to multiple payroll runs daily.
We ensure you get paid on time, every time, as we fully commit to our customers welfare their umbrella company.
All of our services are 100% compliant with the most recent HMRC rules and regulations. We take time and effort to ensure we can offer the best packages possible to save you administration time and the never ending pursuit of keeping up to date with legislation changes effecting your take home pay.
Last year, some of our clients saved around £34,000 in costs. After registration you have access to free financial advice including any independent financial adviser on how to maximise pension tax relief as well as free insurances. You will automatically be covered for public liability, employers' liability and professional indemnity as an employee of ITpay.
IT Pay works with various agencies across the UK to help them offer the most efficient and HMRC compliance umbrella payroll service or limited company accounting for contractors and freelancers. If you want to use our umbrella service, we’ll need an agreement with your agency.Put us in touch with your agency today
The IR35 off payroll rules will be extended to the proivate sector April 2020 onwards, directly affecting large number of contractors. What exactly does this mean and what can contractors and clients do to prepare in advance.
What does IR35 private sector reform mean?
The intermediaries Legislation (IR35) has been around since 2000 - its core aim is to remove the tax advatnages of providing services via a limited company for individuals who are truly in business on their own account. In other words, the rules are aimed at so-called disguised employees' - people whose working practices are more akin to those...
► All legal, employment, tax and contractual obligations taken care of
► Greater earning power compared to permanent employment
► Claim legitimate business costs and expenses
► Statutory benefit entitlement including holiday, sick, maternity and paternity pay
► Save time and effort on administration duties compared to a company director
► Get paid quickly, accurately and on time
► Benefit from employment rights and Professional Indemnity and Employers / Public Liability insurances
► Entitlement to work-based pension contributions
► Fully compliant with all new and existing tax and employment legislation.
► Total support from IT Pay dedicated Client Care team.
► No under/over payment of tax notices from HMRC by using the correct tax code.
► Easier to get a mortgage compared with various PAYE assignments during the year.
► Insurance included
I saved £200 per Month
After the expert advice of ITpay I enrolled into their Umbrella company and saved myself over £200 per month, as well as received all the benefits of their included insurance packages.
James Mcgarvey
Contracting for over 10 years
I have been an IT contractor for over 10 years, but only recently joined ITpays Umbrella company. Now I' get paid on time, every time, which has given me both financial stability and peace of mind.
Helen Kilbride
No More Tax Worries
My biggest bug bear as an IT contractor was the HMRC and the mountain of tax and administration I had to prepare annually. After joining ITpay they have taken all my worries away and I now no longer need to fight the HMRC fire.
Alan Bainbridge
Our sister company, Clearcut Accounting provides specialist accounting support to contractors working through limited companies. Whatever your WorkStyle, whether it’s 12-hour days or working alternate weekends, doing it through your own limited company offers great flexibility and benefits. As a limited company director you can pay yourself a combination of salary and dividends – making going limited one of the most tax-efficient ways to work for yourself. In fact, you could earn up to 18% more by choosing limited instead of umbrella.
Understandably, setting up your own limited company can seem a bit daunting. However, the expert limited company accountants at Clearcut will be with you all the way, taking the majority of responsibility off your shoulders and most of the paperwork off your desk. And because they’re vastly experienced in providing accounting support, you can feel safe in the knowledge you’ll always be 100% HMRC compliant.
Want to sign up?
Get in touch with our team today to get started. Still unsure? Let us help you choose the right option.
Why you will love to work with us.
We work with all the major agencies throughout the UK and are familiar with their preferred working practices to ensure swift payment of all accounts.We are fully compliant with the necessary HMRC Legislation and with all current IR35 policies. We also ensure that you remain tax compliant for the duration of the ContractWe have a team of experienced, knowledgeable and friendly advisors available to answer your questions and offer you guidance.
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Contractors who join a compliant umbrella company are given a contract of employment, making them an employee of the business.
Joining a compliant umbrella company gives contractors the best of both worlds, providing them with the flexibility to work on assignment, while enjoying the same rights and benefits given to permanent employees. These include guaranteed hours of work, holiday pay, sick pay, maternity/paternity pay and access to a workplace pension – all that’s needed for added peace of mind.What’s more, you will be able to claim legitimate business costs and expenses – as long as they’re incurred during an assignment. The types of costs and expenses that can be claimed and reimbursed are dependent on the type of assignment you’re working on and whether it’s subject to supervision, direction or control (SDC).
The umbrella company will pay the worker, having deducted Pay As You Earn (PAYE) income tax and National Insurance Contributions. It will also retain a margin to cover its costs and issue a payslip.A contractor is paid after submitting timesheets, which are normally countersigned by the client. The umbrella company will use this information to bill the client for the work carried out. Payment will then be forwarded to the contractor, minus deductions – making the process as hassle-free as possible.
If you decide to go down the umbrella route, the next step is to choose the right company to work with. While there are many different options, we understand that picking the one that supports you all the way throughout the assignment is key.
We understand that new contractors have a million and one things to think about. That’s why we’ll strive to make your life as hassle-free as possible.We offer unrivalled levels of support and are always on hand to answer any queries you may have, and promise to be “with you all the way”.Our clever online portal , lets contractors submit timesheets, claim and log expenses and keep track of assignments – all in one place. After all, we know you’re not 9-5, and neither are we.In addition, we also provide employees with industry-leading insurance, including Professional Indemnity, Employers’ Liability and Public Liability should you need it.Hopefully, this has given you a better idea about what an umbrella company does. If you require further assistance, or would like more personalised advice about what Well Pay can do for you, please call 0161 274 9578 or email info@itpay.co.uk
Included Insurance
Optimised after tax payments
Easy Payment Portal
Known for compliance
No messing around with Self Assessments
Pensions Payments taken care of
Less worries and more pay
