Contractor
Firstly, even if you completely understand the model we recommend that you speak to one of our advisors.
New to Contracting?
Whether or not you are new to contracting, temping or freelancing - the Manximum-Pay solution opens up more choices for work and optimizes your net (take home) pay ahead of other market solutions. You might be registered as self-employed or just registered and in need of an intermediary payroll company. You could just be looking at payroll services and unaware of the ‘self-employment’ model. Either way Manximum-Pay gives you a solution that not only allows you to keep your self-employment status if you are already registered and in need of a payroll provider, it also allows you the freedom to work through an agency as a self-employed worker and is the payroll solution that optimizes allowable expenses and greater net (take home) pay.
Why choose Manximum-Pay?
Whatever your reasons for contracting there are important points to be considered especially the financial ones. Manximum-Pay prides itself on its transparent and simple payment structure where we pay per day (according to the payroll run of the end client or agency) to suit the individual. Where ‘every penny counts’ the Manximum-Pay solution optimizes your net return (take home pay), with all allowable business expenses available to be offset* and the requirement to pay only Class 2 NIC (national insurance contributions).
We do this by providing a sound legal framework where you to claim all legitimate business expenses (and not by misusing questionable “dispensations” and “salary sacrifices”).
* Offset is where the value of your business expenses is subtracted from your gross income leaving a reduced value. The remaining amount is then calculated for your income tax deductions.
Benefits:
- Fully compliant and disclosable;
- All necessary income tax and NIC are accounted for
- No dubious “dispensations” or “salary sacrifices”
- No Employers NI to be paid
- Online timesheet portal
- SMS notifications
- Our Margin starting from £15pw
- No hidden, start up, monthly or closing costs
- Personal Account Manager
- Increased take home pay
- No IR35 issues
- Outside MSC legislation
- Only Class 2 NIC to be paid
The Process
The Manximum-Pay solutions cater for all in the freelancing/contracting environment and their benefits come not just from the solution itself but also from the quality of service.
Firstly, even if you completely understand the model we would always recommend that you speak to one of our advisors.
If you are new to contracting and the self-employment model you need to register your new self-employed status. To Register your Self-Employment status with HMRC click on the HMRC link below:
Then complete our Registration form with your details (click ‘sign up’ on the navigation tab). This enables you to work through whomever you choose and use us as your intermediary payroll provider as you are then engaged through a ‘Contract of Services’ with Manximum-Pay.
Just let us know your agency or company where you are working and we will do the rest. We link up with your agency, invoice on your behalf, receive payment and forward the funds to you straight away.
Working overseas and still a UK resident?
There are many factors to consider when working overseas: length of contract, time spent outside of the UK and period worked overseas. You may still wish to be within the UK tax system and require an easy payroll solution. The Manximum-Pay solution not only greatly facilitates payment from overseas but also keeps the process fully compliant with HMRC tax legislation. Our solution allows you to move freely as an independent contractor without the commitments and constraints of other payroll options.