Contractors Umbrella Company Paye And National Insurance
Maximum Pay with Minimum HasslePAYE & NIC
Contractors with Contractors Umbrella Company don't have to worry about working out their taxes - it's all done for them!
Not only does Contractors Umbrella Company calculate what taxes are due, but also pays them over to HMRC on the contractor's behalf.
Contractors Umbrella Company's comprehensive customer service includes the completion of all related forms required by HMRC in relation to your taxes.
Income Tax Rates
| Basic rate: | 20% | £0 to £37,400 |
| Higher rate: | 40% | £37,401 to £150,000 |
| Additional rate: | 50% | Over £150,000 |
National Insurance Contribution
Lower earnings limit: £97
Upper earnings limit: £844
Personal Tax Allowances
What you can earn before paying Income Tax: £6,475
