Your World Recruitment

 

Working in Partnership with Your World Recruitment

For information on how to get set up with us, call us on 0800 25 26 40 (option 2) or 01923 257241

With JSA’s umbrella solution you become an employee of JSA and you receive full UK employment rights whilst being able to claim tax relief on any legitimate business expenses.

Benefits of JSA’s Umbrella model post April:

  • First week free for Your World contractors
  • £15 gross margin which nets down to just £8.13
  • Legitimate expenses still claimable, including site to site travel
  • Employee Benefit scheme for up to 10 family and friends
  • Options for holiday pay – choose to have it paid out weekly or retained for when you need it
  • One employment and tax code across multiple assignments/clients
    • meaning no need for emergency tax
    • assist with credit applications
    • tenancy and employment references etc
  • £20M of contractor insurance cover (PI, EL and PL) included
  • Compliance with employment and fiscal laws
  • Statutory employment rights
  • Accident insurance also available
  • Open from 8am to 8pm weekdays and 9am to 12pm Saturdays

 

Pitfalls of Inside IR35 (in the Public Sector) post April:

  • Tax is to be deducted using an emergency tax code, meaning potentially too much or too little tax paid at source (I.E Will be due a tax rebate or have a tax bill at year end).
  • Removal of the 5% allowance means professional fees are to be deducted from Net pay (no tax relief)
  • The administrative burden of running a company remains, with little additional benefit
  • Commercial viability: Agency / end client workload and cost increases, meaning most engagers will opt to use umbrella contractors rather than those operating via their own PSC

 

Comparison Take Home Pay Table:

Ltd Co Hourly Rate PSC Outside IR35 PSC Inside IR35 Umbrella Agency PAYE
£10.00 £287.00 £210.00 £270.00 £263.00
£12.00 £341.00 £252.00 £311.00 £300.00
£14.00 £393.00 £294.00 £353.00 £337.00
£16.00 £445.00 £336.00 £395.00 £374.00
£18.00 £497.00 £377.00 £437.00 £412.00
£20.00 £548.00 £420.00 £479.00 £449.00
£22.00 £600.00 £461.00 £521.00 £486.00
£24.00 £652.00 £503.00 £562.00 £523.00
£26.00 £704.00 £545.00 £604.00 £561.00
£28.00 £756.00 £588.00 £646.00 £598.00
£30.00 £805.00 £636.00 £682.00 £635.00
£32.00 £842.00 £684.00 £718.00 £670.00
£34.00 £880.00 £732.00 £754.00 £702.00
£36.00 £918.00 £772.00 £789.00 £734.00
£38.00 £956.00 £808.00 £825.00 £766.00
£40.00 £994.00 £844.00 £861.00 £797.00

 

Assumes weekly paid, 2017-18 tax rates, no expenses, PSC not VAT registered, no 5% allowance for caught PSC, Agency PAYE rate reduced by WTD and ERNIC. Based on 35 hours worked.

How to contact us:

Simply call us on 0800 25 26 40 (option 2) or  01923 257 241

Alternatively, you can email us at [email protected]