Umbrella companies provide a payment intermediary service between agencies and contractors as most agencies do not have the expertise or resources to operate payroll in-house. The umbrella company will employ the contractor and work with the agency regarding everything payroll. In addition to payroll the umbrella will also alleviate the administrational burden for contractors and for many provide a IR35 compliant way to get paid.
On completion of our registration process, you will become an employee of Bizi Pay. We will liaise with your agency on your behalf and invoice them for your work. Upon receipt of payment, we will deduct the employer costs and retain the umbrella margin, then make the required tax and National Insurance deductions to your salary. You will be paid via PAYE and receive a payslip detailing your deductions and contributions. You can also find a full pay summary breakdown on your client login.
On completion of our registration process, you will become an employee of Bizi Pay. We will liaise with your agency on your behalf and invoice them for your work. Upon receipt of payment, we will deduct the employer costs and retain the umbrella margin, then make the required tax and National Insurance deductions to your salary. You will be paid via PAYE and receive a payslip detailing your deductions and contributions. You can also find a full pay summary breakdown on your client login.
Smart, Simple Umbrella Payroll for Agency Workers
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