Umbrella Benefits
Umbrella Company Benefits
Employees of the Sprite Umbrella company have the advantage of
being able to claim certain legitimate business expenses. It is
worth pointing out that Sprite's compliance team take their
responsibility seriously and our expenses administration is tightly
managed to ensure Sprite and you remain compliant. Our expenses
policy shows clearly what an allowable business expense is.
However our overriding principal is as per HMRC guidelines which
state that "Expenses must be incurred wholly, exclusively and
necessarily in the performance of your duties". Further details of
how expenses are processed and how they can benefit you can be
found in our Information Section - Expenses.
What if I don't have any expenses? There are a
number of other reasons why joining Sprite's Umbrella company may
be right for you, these include:
- We pay you weekly with deduction of PAYE Income tax and
National Insurance Contributions in the same way as a non-umbrella
employer would.
- Our margin deduction is clear and simple with no hidden
fees.
- We provide a comprehensive level of insurances for employees
including free Personal Accident Insurance.
- You have the option to increase your level of insurances
through our Gold cover, which provides you with additional
professional indemnity insurance cover (often required by
agencies).
- You can join our stakeholder pension scheme and benefit from
tax and NI savings associated with this.
- We will send you a weekly text message confirming your net
pay.
- We offer free BACS transfers to your UK bank.
- Your taxes will be deducted and paid to HMRC as required and we
will provide you with copies of your annual P60 and any other tax
documents that may be required.
- You will be free to work for multiple agencies retaining your
own flexibility whilst being able to enjoy the benefits listed
above and a consistent employment relationship.