What is a Personal Service Umbrella company?

If you want to have all of the benefits of being an employee while still being a contractor - and don't want the high cost and hassle of running your own limited company – a Personal Service Umbrella company with FPS could 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. As FPS create a company for each worker, you have the peace of mind of knowing that all of your take home pay is ring-fenced within your own PSU; so it cannot be touched by anyone else.

With a Personal Service Umbrella company:

• You will be classed as an employee of a limited company, so you will have continuity of employment history
• Your income tax and national insurance contributions will be deducted at source, so no additional accountancy costs will be incurred
• You will have the opportunity to offset an array of business expenses, which will increase your take home pay
• You will be entitled to all statutory employment benefits such as statutory sick pay, maternity pay etc.
• You will only have one tax code
• Even if you work for multiple agencies at the same time, or start working for a new agency, you can continue to use your PSU.

When you sign up with FPS today you will get the first week free of charge (*terms and conditions apply), and after that you will only have to pay a low, flat fee each week.