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IR35 solutions
In April 2021 the off-payroll working legislation was amended to make hirers, not contractors, responsible for determining an IR35 status.
IR35 decisions what are your options?
- become a temporary employee of the hirer, if this is offered
- be engaged by your agency under PAYE, if this is offered
- be employed and paid by an umbrella company
- be employed and paid by a PEO company
- keep your limited company and be paid by a fee payer
umbrella |
PEO (PAYE) |
IR35 fee payer |
|
|---|---|---|---|
| engagement type | worker | worker | sub-contractor |
| suitable for all? | only those on umbrella rates >£11/hour | yes* | only those with a limited company* |
| payrates quoted | limited company rates | actual gross pay rate | limited company rates |
| deductions from quoted pay rate |
|
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| entitled to holiday pay? |
|
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| pension auto enrolment |
|
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|
| private pension scheme available |
|
||
| typical pay frequency | weekly/monthly | weekly/monthly | weekly/monthly |
| advances | |||
| pay breakdown | invoice reconciliation & payslip | simple payslip | remittance |
| onboarding checks required | right to work & identity | right to work & identity |
ltd company check & identity
|
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is a premium package available? |
|
|
*option only available if model pre-agreed with your agency/client.
How do you join giant umbrella? What is the fee? What benefits are available? What are my pension options?
These are just some of the questions we are going to answer each week in our live webinar that takes place every Thursday at 12:00 pm.
PAYE solutions
After April 2021 your hirer may insist that you are engaged under a PAYE solution.
giant umbrella
Our award-winning giant umbrella is simple to use, compliant, paperless, mobile 1st and easy to join online. You can also save £560 for every £1,000 contributed to your private pension.
giant PEO
As an alternative to an umbrella solution we have giant PEO. Offering the same benefits as giant umbrella but more straightforward because you are quoted your actual pay rate.