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Common questions answered

typical questions asked below, if you have a question please contact us on 0203 0111 898

Will WIS help me blur or conceal the nature of my employment arrangements to minimise tax payments?

No, WIS will not do this.

We are happy to work with you to decide whether the umbrella or limited company structure will work best for you, but it is always best to be straightforward and honest, and compliance with UK tax law is non-negotiable.

We advise against using offshore arrangements, complex pay-by-loan schemes, or other risky tax-avoidance measures.

Which is better, working under an umbrella, or through a limited company?

There is no straightforward answer. Everybody’s circumstances are different, and we recommend an in-depth conversation with one of our advisers.

For a quick readout, though, use our take-home pay calculator above. Call us on 020 30 111898 and we will be happy to help.

What are the fees and deductions?

We charge £60 per pay run for the administration of the umbrella.

PAYE tax, NICs and a contribution to the apprenticeship levy are deduced from the fee that is charged to contracting companies or agencies.

We regularly run special promotions and it is best to call us to agree on the final fee.

Will I still have to complete a personal tax return if I’m employed through WIS umbrella?

WIS will process tax payments through PAYE. If all of your work is conducted through us it is unlikely you will need to complete a separate self-assessment tax return.

There are exceptions, however, such as if you were at any point in the preceding tax year:

  • self-employed as a ‘sole trader’ and earned more than £1,000
  • a partner in a business partnership
  • rented out a property
  • earned tips or commission
  • derived income from savings, investments or dividends.

We can definitely assist you with this if needed through our accountancy company, for which separate terms and conditions apply.

Want to see how WIS Umbrella can help you?

Schedule a free no-obligation chat with a umbrella expert and let us help you make the right decision.