Why Choose GoForma for Umbrella Service?
We operate traditional PAYE umbrella payroll, but our service extends beyond with additional perks and features:
- Fully FSCA Accredited - GoForma is fully accredited by FSCA, ensuring your peace of mind and compliance.
- Same Day Faster Payment - Get paid faster with our same-day payment system.
- Workplace Pensions - We've got your future covered with workplace pension options for a worry-free retirement.
- Employee Holiday Pay - Enjoy your well-deserved 28 days breaks with our employee holiday pay benefits.
- £20m Insurance Cover - Your work is valuable, and so is your protection. GoForma offers £20 million insurance coverage.
- Statutory Payments - From sick leave to parental benefits, we ensure you receive your statutory payments promptly.
- Expense Management: We assist in managing allowable expenses, helping you maximise your earnings while staying within legal bounds.
- PAYE Compliant - We handle PAYE and National Insurance deductions on your behalf, keeping you in HMRC's Good Books.
- No Hidden Costs - No surprises! GoForma ensures there are no hidden costs, so you know exactly where your money is going.
- Dedicated Support Team - Count on our dedicated support team to answer your queries and provide assistance whenever you need it.
- Continuous Employment: Regular pay from the umbrella company provides evidence of continuous employment, facilitating easier processes for securing mortgages, loans, and other financial services.
How does GoForma’s Umbrella Service Operate?
- You find a temporary contract role or a recruitment agency places you in a temporary contract with an end client that requires you to be paid through an umbrella company.
- You sign up with us, sign a contract of employment and become our 'employee.'
- You perform tasks for your end client and submit weekly timesheets with detailed hours of work and allowable expenses (if eligible) to us.
- We send an invoice to your agency, providing details of the work or services you've provided.
- Your agency receives payment from your end client and transfers it to us.
- Once we have your gross salary, we deduct Income Tax, Employee’s NI, and Employer’s NI, and pay them to HMRC.
- We retain our margin or umbrella company fee for administrative purposes, and contributions like pension and holiday pay, and then pay you.
Ready to join? It takes only a few minutes! - Join Now
Our Cost Effective Umbrella Packages to Suit Everyone
Ready to elevate your contracting experience? GoForma is your dedicated partner, offering more than just payroll services. From seamless administrative support to maximising your earnings, we've got you covered. Don't miss out on the benefits of our top-notch umbrella company service. Register with GoForma today and step into a world where contracting meets success. Your future in contracting starts here – join us now!
Use Our Umbrella Company Calculator
Unlock your financial clarity with our Umbrella Company Calculator! It effortlessly estimates your take home pay after taxes and deductions. Empower yourself with a clear understanding of your earnings – a valuable tool for informed decision-making.
Frequently Asked Questions:
Should I use an umbrella company or a limited company?
Choosing between an umbrella company and a limited company depends on your preferences and circumstances. Factors such as assignment rate, IR35 status, and contract duration play a vital role in decision making. An umbrella company may be suitable if you're new to contracting, plan to contract for a short period, or if your contract falls inside IR35. Read our article on umbrella company vs limited company to know make an informed decision.
Does IR35 apply if I use an umbrella company?
By working through an umbrella company, you'll become an employee. You receive payment through the PAYE system and operate under an employment contract with the Umbrella. Being employed by the Umbrella eliminates any worries about disguised employment and thus, IR35 does not apply to you.
How long does it take to register with GoForma umbrella company?
Registering with GoForma’s umbrella services is a matter of minutes. It’s quick and easy to sign-up.
Do I have to pay if I’m not working?
No, you only have to pay us the margin when we process your payment.
Are there any additional costs to change agencies?
No, we don’t charge extra on changing agencies.
Do I receive a payslip?
Yes, you will receive a payslip with a detailed breakdown of your earnings, deductions, and other relevant financial information.
Do GoForma pay sick pay, maternity and paternity pay?
Yes, GoForma pays for sick leave, maternity, and paternity leave if you meet the eligibility and reporting requirements set by the HMRC.