The requirements of those on Tier 1 HSMP Visa's differs from those of the average contractor. In order to adhere to the requirements of your visa and ensure that you are able to renew it after your initial 2 year period means that you have to approach your choice of an Umbrella Company Management from a different angle.
You want to be certain first and foremost that your PAYE earnings are at the requisite level whilst at the same time that you are receiving the highest possible level of earnings retention.
Traditional Umbrella Companies can ensure that the PAYE level is met but for those of you earning in excess of £40,000 per annum this means that you will be subject to the higher rate of taxation (40%) and a high National Insurance contribution resulting in a low % retention. The same problem also occurs if you are to run your own Limited Company.
Our vetted partner companies are aware of your specific requirements and are able, with their specific management structures, to ensure that you can net (after all Taxes, NI contributions and fees) in excess of 75% of your gross billing. We are aware that every candidate has different needs so please contact us and we can provide you with a series of quotes and you can choose the solution that best suits your situation. Why trawl the internet and contact innumerable companies when we can provide you with the best possible quotes from our veted list of suppliers. Our service is free of charge so why not Contact us Today !