GIVE YOURSELF A YEARLY BONUS
WHEN YOU USE OUR ARRANGEMENT
As a Contractor, we offer you the appearance of full Employment which is the only method that satisfies IR35.
Under our arrangement you retain your Tax deferment paying Tax on 40% of your earnings as your declared salary, you do however retain possession or some control over 90% of your gross earnings, as well as being credited with a free pension contribution before paying a single figure % rate of Tax on your gross renumeration up to one hundred thousand pounds.
You receive a cheque of 40% of your invoiced renumeration as your salary, having the appearance of full Employment means your Employer can make payments of Tax Free Expenses which are established and already approved by the Inland Revenue, such as exempt mileage allowance (Employers own car), where the first ten thousand miles are at forty pence per mile, extra miles at twenty five pence, with passengers at five pence per mile each, Meal allowance while on company business which is from the moment you leave home until you return together with a subsistence allowance of five pounds per night while away from Company office, providing mobile phones & use.
Also TAX Free Redundancy Payments ( i.e. End of Contract Bonus ) up to thirty thousand pounds every two years.
Because the Employer Company does not have business address in the UK the Secondary National Insurance Contributions do not have to be paid.
Under our arrangement without falling foul of SECTION 660A we can employ your spouse utilizing their Tax Free Allowance at the same time crediting them, also, with a free pension.