Benefits of using a Personal Service Umbrella company

As a hardworking freelancer or contractor you want to make sure you get the correct take home pay.  But sometimes those necessary administrative tasks - like invoicing and making tax payments - get left to the last minute because you’re so busy focusing on your clients’ projects.

Could a Personal Service Umbrella company be for you? The Personal Service Umbrella company acts as your employer for tax purposes. It will raise invoices on your behalf, allow you to claim expenses, and ensure that you make all of the correct tax and national insurance contributions. You are paid via PAYE and all deductions are made in full compliance with the HMRC.

A PSU company also gives you continuity of employment, because you will be constantly employed by the PSU no matter how many different temporary assignments are undertaken. Another benefit is that your take home pay is kept safeguarded because we create a company for each worker, which means that you are separated from everybody else within your own personal company. Your money cannot be touched by anyone else, because it is ring-fenced within this individual company.

Could an umbrella company be for you?