Umbrella Company PAYE

An Umbrella PAYE solution is a quick and hassle free solution for short-term contracts (typically 3 months), or where you intend to return to a PAYE role in the near future.

You will maintain your PAYE status and all your social welfare benefits.

Simple Hassle Free Set-up
Short-Term Contracts (3 months)
For When you Don’t Want Your Own Company
Class A PRSI
Continue Contributing to Social Welfare Benefits
Retain Your PAYE Tax Credit
Immediate Start
Same Day Transfer of Funds
Dedicated Account Manager
Includes Company Insurances

What is an Umbrella Company?

An Umbrella Company is a company that is already setup, insured, VAT registered, named, and has a bank account in place. It acts as a vehicle that allows you to get paid in a compliant manner when operating as a professional contractor. Our quick and simple setup allows you to start your contracting career straight away.

An Umbrella PAYE solution allows you to operate through an Umbrella Company as a PAYE member.

It can be useful if you are a first time contractor on a short-term contract or you want to maintain Class A PRSI contributions.

This solution is not as tax efficient as the other Contracting Solutions available so we would typically only recommend this solution for you if you are on a short-term contract (3 months).

How Umbrella Companies Work

Testimonial

“I would highly recommend Contracting Plus for all your Contracting needs. For someone who was new to Contracting the on-boarding process was made very simple and straightforward, and the ongoing support I have received for Payroll and Tax has been excellent. Everything was handled with such efficiency and expertise.”

S. Tyrrell

Satisfaction made simple!

We're so sure you'll love our expert accounting and tax solutions, that we back it up with a 60-day money-back guarantee. Try out our high quality service for yourself!

01 6110707

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The Benefits of an Umbrella (PAYE) Company

PAYE Umbrella Solutions for Contractors — Accountancy for Contractors

No need to make provision for taxes.
Free and immediate set up. No leaving fees.
60 day money back guarantee so you can try us out without any risk.
Minimal administration for you – use our app and portal to upload photos of your expenses – we look after everything else.
Pay as you use service. No minimum contract.
Same day funds transfer guaranteed – or you don’t pay a cent.
Includes company insurances (Professional Indemnity, Employers Liability, Public Liability).
Dedicated Account Manager to answer all your questions.
Fully tax compliant companies with all the accounts, tax and admin looked after for you.
Maintain your Class A PRSI status.

How do I get set up?

Schedule a call-back at a time that suits you, or call us during office hours on 01 6110707.
One of our expert Solutions Consultants will run through some questions to get a good understanding of your personal situation and will recommend the best Solution for you.
We’ll send you a detailed breakdown of your estimated contracting take-home pay. (Contracting PLUS have the highest retention rates while making sure you stay fully compliant with the Revenue Commissioners.)
We’ll email you the registration form, and once you complete that we’ll have you set up in a matter of hours…we can fast track your registration if you’re under pressure.

What about Taxes and Accounts?

You don’t need to worry about any of that. Contracting PLUS takes care of all the admin and there are no hidden extras. Everything is included in your affordable monthly fee. There’s no requirement to file a Personal Tax Return when operating through the Umbrella (PAYE) solution, although in some instances you may have to file a return for other reasons (for example if you have additional income, rental income etc.). If you’re unsure check in with your Dedicated Account Manager and if needed, we can put you in touch with our expert tax team.

Contracting PLUS will work to keep you and your Umbrella (PAYE) Company fully tax compliant while providing you with the best advice to build wealth for your future.

Good to Know

As a Contractor using the Umbrella (PAYE) solution you will pay both the Employee PRSI and Employers PRSI. This is an industry standard for this type of service and ensures you maintain the full PRSI benefits.

As a contractor you only get paid when you work. You don’t get sick pay or holiday pay. However, contractors are paid a higher daily equivalent than employees doing the same role to reflect this. Gain financial security and expert advice on structuring your finances with our service which includes a free annual financial review with expert established financial advisors.

An Umbrella Company is a company that is already setup, insured, VAT registered, named, and has a bank account in place. It acts as a vehicle that allows you to get paid in a compliant manner when operating as a professional contractor and it simplifies administrative tasks, allowing you to focus on your work. Our quick and simple setup allows you to start your contracting career straight away.

Absolutely! Using an Umbrella Company in Ireland offers numerous benefits. Contracting PLUS will help you with setup, insurances, accounting, tax, payroll, invoicing, and more. This lets you maximise your earnings and focus on what you do best without the administrative burden.

Yes, Umbrella Companies are designed so you can step in and out of them whenever you need to. If you’re considering a change, for example to a Personal Limited Company, we can easily facilitate this transition for you at any time.

Umbrella Companies offer simplified administration, and many tax benefits. Our experts can guide you through the pros and cons, helping you find the best solution for you. Book a free consultation with a member of our team.

Allowable expenses for a director of an Umbrella Company are expenses that are claimable if you need to spend money to complete your work, and that the purchase isn’t one which you would normally make in everyday life. Click here for a handy guide on contractor expenses.

Yes, securing a mortgage while under an Umbrella Company is possible. Our in-house mortgage broker specialise in working with contractors. They can provide expert guidance to help you navigate the mortgage process successfully, ensuring that your financial goals are well-supported.

Umbrella Company PAYE