Umbrella Company Payment Services - Contractor Payment Services and Umbrella Expenses - Pro Corporate (UK) Ltd
iBalance is one of the fastest growing umbrella company payment services for contractors in the UK who are cis ir35 and msc compliant.
With our experienced and qualified staff, and using the latest technologies, we ensure that our clients have the most hassle free and tax efficient payments possible.
We work closely with many agencies, tailoring our service to meet their needs.
We realise that contracting can be unpredictable and we strive to make sure that the reverse is true when it comes to being paid.
Customer feedback is very important to us and we make sure that our service reflects current contractor needs.
People who are new to contracting have several choices for getting paid; umbrella company, limited company or PAYE with agency (not always available).
What is an umbrella company?
* An umbrella company allows you to get paid in a similar way to a PAYE employee*, but with the added benefit of being able to claim expenses.
* You receive a salary and pay Employee's and Employers National Insurance and PAYE tax.
iBalance is an umbrella company, and as such offers the following advantages:
* iBalance takes care of all taxation and administration matters on your behalf.
* All you need to do is enter your hours and expenses online.
* iBalance is fully insured for Public Liability, Professional Indemnity and Employers' Liability.
* You are paid through a PAYE scheme so you do not have to worry about IR35 or MSC legislation.
iBalance offers a clear and simple fee structure. We believe that charges should be transparent and fees based on a percentage of your income are unfair. So however much you earn, our fee stays the same.
Standard Fees for contractor payment services
* Weekly Fee - £22.50 Typically £13.50^ after tax relief.
You only pay a fee for the weeks you work!
Free Sevices
* Processing Expenses
* Text-Message and e-mail alerts
* Payment illustrations
Extra contractor payment Services
* Same-day payment ** £25.00
* Reference to mortgage lenders £35
* Working overseas is an additional £8.50 per week
** Our standard payment method is to pay by BACS the same day we receive funds, this takes 2 working days to clear into your account.
^ can be as low as £11.75 for higher-rate taxpayers.
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