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When you register with Athona, choosing whether to become a Pay As You Earn (PAYE) or Umbrella Company worker may seem complicated at first – that’s why we’ve broken things down so you can choose what’s best for you.
An umbrella company can manage your tax and NI for a small fee. This may benefit those who work through multiple agencies.
If you choose PAYE, Athona will deal with all of your tax and National Insurance (NI) needs – we will even make payments to HMRC on your behalf.
It’s up to you which option suits you best, but below are some pros and cons of both to help guide you:
Umbrella companies’ act as the employer for those hired by agencies and will ensure your taxation and national insurance obligations are taken care of. Choosing this option would essentially make you an employee of the umbrella company.
With PAYE, in effect, you will become an employee of Athona. This means our payroll department handles your taxation and NI contributions, as well as providing you with a payslip for your records.
What’s more, if you ever have any enquiries or concerns regarding your work or pay, this can be handled under one roof – providing seamless continuity to our services. We also do not charge a fee and there’s minimal setup required.
To find out more details or to discuss any of these options further, get in contact with your recruitment consultant today on 01277 245840.