Are you a contractor? If you work for someone else, it is important to know whether you are working for that person in an employed capacity or in a self-employed capacity as an independent contractor.
Your employment status will determine the charge to tax on income from your employment or self-employment. It will also determine the class of NICs, which are to be paid.
Umbrella Companies employ you for tax purposes and complete central returns for all their contractors. It's less hassle and more flexible for you but take home pay is typically less than that the limited company option.
The best option for you depends on your plans, 'one off' contract or 'contractor for life'? [Read More...]
Passionate about service
MyPay are one of the fastest growing Umbrella Companies within the UK today.
MyPay's passion is to provide the leading standard of service to contractors within the industry at a competitive price to all clients.
MyPay ensures that every aspect of the service is transparent, so you can see exactly how your pay is calculated and and the benefits you get from using the services.
All the administration work is made simple to ensure a hassle free service.
With a personal Account Manager allocated to each new member providing all the help and guidance needed, you can be sure to build a valued and trusted relationship with MyPay throughout your contracting career.
MyPay will process all of your pay via same day payments, this ensures you receive your money in the quickest possible time.
Friendly on the phone and as helpful as you need. They understand what it is a contractor needs - customer orientated.
Fairly good website, easy to read.
Standard PAYE umbrella company service, very competitively priced and offering a good net pay return. Friendly enough on the phone, there are no show-stoppers to report.
Quote Umbrella Compare code NJGEE when contacting MyPay.
Note: introductory offers and promotions run by MyPay are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by MyPay. See our terms and conditions for more details.
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With 3 votes, MyPay has an average review score of 3.2.
3.2 / 5.0 [3 Votes]
It's the basics... Compliance with Tax, VAT, PAYE and fiscal arrangements is mandatory for contractors regardless of whether you use an umbrella company or your own limited company.
Incredible then that there are still rogue umbrella companies and limited company accountants who expose their contractors to fraud. Umbrella Compare provides THE solution, we thoroughly vet all umbrella companies and limited company accountants that we list [Read more...].
Umbrella Compare provides a holistic overview of contracting with the aim of helping new and old contractors find the right payroll solutions. Contracting should be about focusing on the contract, not payroll, accounting, HMRC and bureaucracy.