Payme News: Issue 5

Welcome to our monthly newsletter. Here you’ll find a round up of our latest blogs and updates.?

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Supporting Contractors’ Well-Being: The Holistic Approach of Umbrella Companies

If you already use an umbrella company to deal with processing your salary, taking care of your Tax and National Insurance contributions, and compliantly maximising your take-home pay, you’ll be aware of the range of work-based benefits they offer. What you might not know, however, is that some umbrellas go further than that, and offer support for contractors that goes beyond merely monetary and administrative.?

Here we look at how umbrella companies should be supporting contractors’ well-being too. Click here to read the full blog.

Short-Term Gains, Long-Term Pains

We’re concerned that we’re seeing increasing examples of a particular type of tax avoidance scam recently. In this fraudulent activity umbrella companies entice contractors to sign up with them with the undertaking that their offerings are compliant, then change what the contractors have been promised without their knowledge, leaving them compromised and at risk of investigation by HMRC.

Here we look into this dubious practice and show you how to avoid it.

Can You Get a Mortgage as an Umbrella Employee?

Contracting can be an extremely satisfying way of making a living – contractors have the freedom to choose where and when they work. However, many contractors tell us that they’re worried about how the sometimes itinerant nature of their work will affect their ability to get a mortgage when they need it.

In this article, we look at why they shouldn’t worry, and how partnering with a compliant, reliable umbrella offers them the reassurance they need.

Click here to read more...

That’s all from us this month. We’ll see you again in August, remember to subscribe to keep up to date with all the latest Payme news.