Primis Contractor Services’ Post

Ever wondered about the difference between using an Umbrella company and agency PAYE? Both offer statutory benefits like sick pay, but there’s a key difference. Our Contractor Services Manager, Emma Shrader explains… ➡ An umbrella company provides a contract of employment. This Umbrella contract can facilitate multiple assignments at 1 time which means whether you do one assignment or many, you’re employed under the same contract. All your earnings are processed together on one payslip per payment cycle, which is great for keeping a consistent work record. This can be useful for things like mortgage applications and meeting security clearance criteria. Plus, you can opt for salary sacrifice to contribute to your pension more tax-efficiently. ➡Agency PAYE uses a contract for services, this is a “worker” contract, not an employment contract. Understanding these differences can help you choose the right setup for your contracting needs. If you want to know more, feel free to reach out to us directly! #UmbrellaCompany #Contracting #PAYE #Primis #Contractor #ContractorServices #UmbrellaSolution #Payroll

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