How does a Limited Company Work?
We will advise you on the most cost effective and tax efficient way of managing your money through your limited company. In a nutshell, the money you access through your limited company comes in two streams:
- Salary - You pay yourself as an employee of your limited company using the standard PAYE (Pay As You Earn) and NIC (National Insurance Contributions) model
- Dividends - You pay yourself a dividend as a Director of your limited company
The simple process flow below illustrates how deductions are made for each of the payment avenues. We will advise you on how best to manage your fiscal split to allow opportunity for growth, long term financial stability as well as maximizing your take home pay.
Umbrella & PAYE Calculator 2021
PAYE Calculator updated for 2021, free salary illustration for Contractors Umbrella Company in comparison to traditional PAYE employee
Register - Increase your Net Pay
Complete our simple registration form and we will contact you to ensure you have the information you need to make your contract successful
Umbrella or Limited Company
As professional payroll accountants we provide the right option to suit you. We provide advice and guidance on the right payroll solution for your contracting career
We Take the Strain
When it comes to Tax and Payroll, we are the experts. Let us take the strain and keep you compliant and well paid while you focus on your contract
Limited Company Accountants
Ready for the next step? Our limited Company payroll and comprehensive tax returns solutions are second to none
Frequently Asked Questions
New to Umbrella Companies? Read through our selection of questions that Contractors regulalrly ask us about how umbrella companies work and how you will be paid
Recruitment Agencies
With quality of service second to none, see why Contractors Umbrella Company is the right choice for you and your contractors
Umbrella or Limited Company
As professional payroll accountants we provide the right option to suit you. We provide advice and guidance on the right payroll solution for your contracting career
