All you need to know about Payerise
- Why are Payerise umbrella companies unique?
As the contractor market evolves, traditional umbrella company structures are now becoming less beneficial for the contract worker. Payerise, working with independent tax and employment specialists,has developed a new umbrella company structure. Payerise operates a number of small umbrella companies for their contractors which can benefit from VAT efficiencies. Payerise passes these savings onto the contractor boosting their take home pay. - How much more money will contractors see in their take home pay?
Using a Payerise umbrella company is an ideal solution for contractors who want to earn more than the standard agency rate but do not want the time and administration pressures of running their own company. Contractors working through a Payerise umbrella company should expect to see an increase of £10 - £50 a week in their earnings. - Can I be sure that the contractor’s money is safe with Payerise?
Some contractors worry about becoming members of an umbrella company because their wages are no longer paid directly from the agency into their account but go initially to the umbrella company. This is the way all umbrella companies operate so that contractors' tax and NI calculations can be deducted before the net amount is forwarded to their bank account. Contractors and freelancers have total peace of mind that their money is safe with us because our payment systems have been scrutinised and approved by HMRC and are fully compliant. - How quickly will contractors get paid using Payerise?
As soon as the umbrella company receives money from the agency or end client the Payerise financial team calculate and deduct the correct amount of tax and National Insurance and then forward the net amount to the contractor’s bank account. Payerise runs daily payrolls so we endeavour to get the funds paid into the account within the next two working days. Contractors can also ensure same day payment by using CHAPS - What expenses can I claim - Payerise has the one of the most compliant expense policies in the market, as directly recommended and approved by HMRC. a full guide to what can and can't be claimed is available from your consultant or by clicking here. We require receipts and a completed expense claim form for each claim made.
- What is my employment status When working through Payerise you become a employee of a small umbrella company. This is exactly the same as any other full time employment.
Contact us to find out more
Tel: lo call 0844 371 1977 / 0208 547 4115
Email: info@payerise.co.uk
Fax: 0208 547 1569