UMBRELLA
If you’re new to contracting or you have not used an umbrella before, don’t worry we have outlined the basics below.
What do umbrella companies do?
Umbrella companies are businesses that provide a payment intermediary service between agencies and temporary workers or contractors. The purpose of this is to allow contractors to become employees and get paid a salary for their contracts under one roof. It also alleviates the administrational burden for contractors and significantly reduces time and payroll costs for agencies. With recent reforms to IR35 legislation, if your contract is deemed inside IR35, using an umbrella is also the most simple way to remain compliant.
How does it work?
On completion of our registration process, you will become an employee of On The Box Pay. We will liaise with your agency on your behalf and invoice them for your work on a weekly or monthly basis (depending on the terms of your contract).
Upon receipt of payment, we will cover the employer costs and retain the umbrella margin, then make required deductions to your salary. You will be paid via faster payments and receive a payslip detailing your deductions and contributions. You can also find a full pay summary breakdown on your client login.
Why On the Box Pay?
We are committed to you. On the Box Pay has been established by contractors to make life easier for contractors. We understand that for temporary staff it is very stressful managing your own income and the ever changing legislation about how temporary workers should be paid to remain compliant.
On the Box Pay will make your payroll fast and stress free so you can enjoy your free time. You will simply complete a timesheet each week/month and we will do the rest. We will support you through your entire employment with us and should you wish to leave, On the Box Pay at any time, you just need to let us know and we will issue you with your P45 for your next employment.
Initial Chat
We will talk you through the umbrella service, benefits, and requirements and answer any questions you may have.
Registration
You will need to complete our Registration Form, sign the Contract of Employment and provide Identification.
Agency
We will confirm your contract details, sign a contract with your agency and provide them with our company information.
Still not sure if On the Box Pay is for you?
Talk to our team
Do you have questions about our service, IR35, your contract or do you want to find out if our umbrella is right for you? Our experienced team is happy to help.
contact & reach us!
If you would like to find out more about our services or speak to a member of our team, please leave us a message. We would love to hear from you!
Address
49B Romsey Road, Winchester, Hampshire, SO22 5DE
Phone
01962 571133
hello@ontheboxpay.co.uk