Umbrella
4Pay umbrella company option
We believe that short term assignment work and the individuals (employees) that support it are a vital part of the national economy. To be successful as a contracting organization we know that we need the best individuals (employees) to work for us and that they deserve the best possible service.
Our Umbrella company option is suitable for all workers. The 4Pay Umbrella company will employ you as your main employer, as part of that employment we will send you to various temporary workplaces and as such, expenses can be claimed for travel to and from these temporary workplaces.
4Pay Ltd employs you to deliver your skills, knowledge and abilities on behalf of the company. Managerial control of the company rests with ourselves and therefore you are not involved in any way with the obligations placed on the company in relation to taxation, the Companies Act or other regulatory red tape.
What happens:
- 4Pay Umbrella is simple to operate. Just return your completed application pack. Then your Agency simply advises us of your hours worked and pay rate. Make sure you also get your signed timesheet to your agency by their payroll deadline.
- We analyse and deduct your qualifying expenses, adjust your entitlement for Holiday Pay and deduct other statutory deductions. We will then make the appropriate PAYE Tax and NI deduction and pay the remainder over to you.
- We will then send you a remittance advice confirming your weekly pay. We will also send you an expense claim form. This will have your payroll reference number on it for your convenience. You will need to complete and return this to us weekly by Fax on 0845 367 0221 or post to 4Pay Ltd, 56a London Road, Southampton, Hampshire, SO15 2AH.
The advantages of this service are:
- Increased take home pay as you are able to deduct valid expenses.
- There are no qualification rules.
- No personal obligations or duties beyond supplying us your time sheets and claims for expenses which comply with Revenue guidelines.
By working together, we will:
- Provide full regulatory compliance
- Provide week by week payments of wages direct to your bank
- Provide week by week payment of expenses
- Provide weekly details of your pay, expenses and tax calculations
- Ensure that all of your work is invoiced by the company
- Ensure that you can maintain a continuous employment record to assist you with items such as:-*Mortgage Applications *Credit References *Statutory Benefits
HMRC small print explained:
- Expenses, including traveling where appropriate, have to be real and properly claimable. We have procedures in place to ensure you make proper claims and only valid claims can be offset against earnings.
- We must pay you at least the national minimum wage and holiday pay. If your expenses are of a level that makes this impossible from your entitlement, then your expense claim will be restricted.
- Your entitlement is based entirely on income we receive for your services; you have no further entitlements whatsoever.
Things for you to remember:
- The cost of this service is only £15 per week + Insurances of £1.95 per week.
- Holiday pay is accrued for you on a weekly basis and is shown separately on your payslip.