SWITCH BETWEEN PSC & UMBRELLA WITH EASE
Switch between Umbrella & PSC with Ease
Forthcoming IR35 reforms mean many contractors face the prospect of switching from PSC to Umbrella working. With JSA, you can enjoy the best of both worlds by toggling seamlessly between PSC and Umbrella as you please.
What’s more, when we look after your PSC accounts, you can use our Umbrella for free. It’s a great way to keep your options open and a really simple way to work, particularly whilst the new rules settle down.
How it works
- Keep your PSC open with JSA
- Switch to our Umbrella solution – at no additional cost
- Toggle between the two as necessary.
This is a cost-effective way to access PSC and Umbrella contracting and means we can help you maximise your take-home pay whilst remaining compliant.
A good solution for you?
The ability to toggle between PSC and Umbrella is a great solution for contractors whose previously ‘outside IR35’ contracts are deemed ‘inside IR35’ under the new rules. It’s also good for contractors who expect to take on a mixture of inside/outside IR35 contracts in the future.
The ability to toggle between PSC and Umbrella is particularly helpful if your end hirer has made, or is planning to make, a blanket decision to cease using PSC contractors. In the near future you may find that your end hirer takes a different approach, replacing the blanket decisions with individual IR35 assessments. This was certainly the case when similar rules were introduced in the public sector in 2017.
If you are deemed outside IR35 after an individual assessment, you will want to be able to easily switch back to PSC contracting using our seamless solution. Keeping your PSC open, in the meantime, means you don’t have the cost or potential tax issues involved in closing your company and then opening it again if your contract status changes.
With JSA looking after both your PSC and Umbrella arrangements, you can seamlessly switch between the two, without any unnecessary hassle or cost.
Keep your options open – contact us today
If you’re not sure, we’ll be happy to discuss your specific circumstances and provide tailored advice.
Register for our PSC/Umbrella solution today.