Contractor Solutions

If you are taking on a short to medium term assignment or you’re new to contracting, then working under our Umbrella company could be for you.

It is simple and easy way to work.

When working as an Umbrella contractor you will receive employment benefits ensuring that you have access to things such as Sick Pay and Holidays.

Working under an Umbrella company provides you with flexibility, allowing you to work on multiple assignments or on short term contracts whilst not having to worry about your Tax and NI.

Benefits include:

The umbrella calculator assumes:

• Holiday pay advanced
• No pension contributions
• A margin of £15/week
• No expenses claimed
• Working 46.4 weeks per year

CIS stands for “Construction Industry Scheme” which was introduced by HM Revenue and Customs in April 2014. The scheme is a set of rules which sets out how payments to contractors within the construction industry must be handled.

If you are working within the construction Industry and you are not under any Supervision Direction or Control, then you can be paid as self-employed.

As a CIS worker we will raise an invoice for you and send to your agency or client for any work carried out. Once we receive your pay we will make the necessary CIS deductions and forward your NET pay to your account on the same day.

If you are unsure your role would be deemed as self-employed, don’t worry, at registration our team of experts we will carry out an IR56 check on the phone by asking you some questions around the way you work.

As part of your package we will also provide you with the necessary insurances to work on site and process all HMRC payments leaving you with more time doing what you enjoy and not worrying about pay and tax!

Working through your own limited company is often the most Tax efficient way of maximising your take home pay.

Your agency or end client will pay your salary Gross (without any deductions) into your company. You will then be able to draw down your salary through wages and Dividends. Dividends do not attract National Insurance and therefore can save you significant amount of money.

You will have access to an online portal where you can input your business-related expenses such as travel, overnight accommodation and business entertainment all of which will further reduce your tax liability.

Running your own limited company also comes with responsibility such as Company set up, raising your own invoices, completing annual accounts, VAT returns, self-assessment tax returns, management accounts etc.

At pentagon we have 3 different packages depending on how much you want to do yourself. Our Limited company plans start from as little as £85 ex VAT.

There is legislation in place that sets out criteria that must be met before you can take advantage of working through your own Limited company. Don’t worry, our team of experts at Pentagon will be able to ask you the relevant questions to confirm this for you.

Some recruitment agencies and end clients may insist that you are paid through a PAYE model.

There can be some variations of this depending on who is deemed as the actual employer and how the payments are processed.

Whether it is straight forward bureau payments, Joint Employment, PEO (Professional Employment Organisation) or outsource PAYE, we can help.

Initially, we will speak to your agency or the end client to discuss which method best suits them.

Regardless of the PAYE model your employer prefers, you can rest assured that you will receive a simple, straight forward payslip, no fees or charges and no deductions for things such as Employers NI.

Whatever payment model your employer insists on we have a solution for you.

Working abroad brings many challenges, the last thing you want to worry about is your pay.

Each country however has its own rules with regards to things like tax, compensation, benefits and pensions. Throw in things like money exchange rates, cultural differences, holidays, communication barriers and compliance obligations and you have a confusing mix of challenges.

At Pentagon pay we have a team of expert accountants who will take the worry and risk away from you ensuring that you meet your legal obligations in both the country that you work and in the UK.

We have a fast and simple on boarding process.

If you have been referred to us by an agency or employer, we will immediately send you an SMS confirming that we will be calling you to register.

Feel free to call us on 0330 5555 444 or register your interest using the button below and we will call you.

1. We will complete most of your registration on the phone however if you are super busy you can register online, e-mail or even post
2. Pentagon Group will then carry out any right to work or SDC checks
3. You upload your ID and bank details to your personal contractor portal
4. On pay day your employer will send your salary to us. Depending on your product we will make all necessary Tax and NI deductions and pay you the same day.

It is as simple as 1 2 3 4!