Did you know that switching to an umbrella solution could lead to you taking home an additional £1,000 every single year? This is something that people should be interested in, and when compared to the traditional PAYE system, the number of hours you work and the expenses you have submitted, it is possible to make this type of saving.
Another way you can save through the use of an umbrella scheme is through the use of HMRC P87. This is where you claim for off-settable expenses and it is possible to save an extra £500 per year when using our services in this matter. If you are employed in a role that see you submitting mileage claims, travel costs, subsistence costs, paying for tools, safety wear, the use of mobile phones and even booking overnight accommodation, you will find that an umbrella system is able to help you save money and make your life easier.
The level of benefit you receive will depend on your hourly rate and your personal circumstances but it is possible for many people, in a wide range of business sectors, to benefit from an umbrella set-up. If you would like to learn more about umbrella systems and how you can benefit, please get in touch.
At Pentagon Payroll, we are committed to ensuring you receive the best standard of support when it comes to payroll services. This will enable you to focus on the work you do best. We look forward to helping you and we hope to hear from you soon.