Welcome to our Contractor Hub

In here, you will find our take-home umbrella calculator, contractor payroll options and more.

Contractor payroll options and benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

MyPay+ is a payrolling service that can pay you directly through our group, erasing the need for third-party companies. Our Payroll options cover a number of different scenarios to meet the needs of individuals who want to work in different ways.

 

We provide a standard PAYE option for those who fall within the scope of IR35, and an Umbrella Solution that comes with a legal contract of employment and certain benefits.

 

We also work with individuals who prefer to be paid via their own limited company, to make the necessary statutory deductions and comply withIR35 regulations. This option solely depends on your IR35 determination. 

 

Finally, we can make statutory tax deductions under the Construction Industry Scheme, relieving the administrative burden for those working in the construction sector.

How it works

 

You work on an assignment for a client completing a timesheet, the client pays us directly, we implement the correct tax and any benefits, and you get paid. Simple!

We offer some of the best contractor payroll options in the market, and with a low weekly timesheet margin to go with them. 

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PAYE

This is a standard PAYE option for those whose assignment is deemed to be inside of IR35 regulations.

Umbrella

This option is for contractors who are deemed to be inside the IR35 regulations. This option offers an employment contract and other benefits.

Deemed Tax

This option is for those working on multiple assignments who wish to be paid through their Ltd Company. We'll make the statutory deductions on your behalf to ensure full compliance.

PLtd Company (PSC)

This is means we will make payments directly to your Ltd Company business account in accordance with your IR35 assignment status determination.

CIS

Under the Construction Industry Scheme, we deduct the statutory tax from source, from payments relating to construction work. Constractors then receive payments net of tax deductions.

Higher net pay than employment minus HMRC deductions

Online portal access

Admin support - invoices raised, CIS deductions and pay advices

Fully compliant

Quick and easy set up

Dedicated on-boarding compliance team

Online portal access

Intermediary reporting

Weekly or monthly invoicing and fee payments

Online portal access

Correct PAYE and NI deductions

Contractor retains Ltd Company

Fully compliant

Continuous employment record

Holiday entitlement & pension

Online portal access

Statutory payments

Eligible to claim tax relief

£25m insurance cover

Fully compliant

Holiday entitlement & pension

Online portal access

Statutory payments

Easy implementation of all relevant taxes

£25m insurance cover

Fully compliant

Contact us for a free quote by emailing sales@mypayplus.co.uk or call us on 01925 912220