If you’re opting for short term/day-to-day supply teaching jobs you may find yourself employed by a number of different schools or agencies throughout the tax year. This makes it difficult for the Inland Revenue to decide just how much PAYE tax should be deducted from your wages. There may also be times when you are placed on a high rate emergency tax, the overpayments, which can be claimed back at a later date.
London Teaching Pool Ltd (TLTP) helps you reduce the administration burden and ensure you are paid on time. Payment is made on a weekly basis (usually Friday), subject to us receiving a signed/approved timesheet by close of play Monday.
There are two types of payroll options – PAYE or an Umbrella Company
Different methods of pay will best suit different people. You need to consider what is best given your living arrangements, commute, amount of work completed, and other such circumstances.
Which Umbrella Company?
All Umbrella companies use the same PAYE calculations to ascertain how much tax should be paid. The only difference between Umbrella companies will be the benefits they offer and the margin they charge. TLTP uses JMK, RACS, Key Portfolio and NumberMill as their Umbrella companies – all four are leading providers of services to the recruitment industry. It is worth doing some comparison work to make sure you choose the one that will work best for you.
Umbrella.co.uk are one of the UK’s leading specialists in Umbrella payroll. Umbrella.co.uk has a long history of supporting contractors in the education, healthcare and medical sector ensuring that we fully understand your needs and requirements. Umbrella.co.uk are one of the few companies in the UK who are part of all top tier compliance and service accreditations such as ‘The FCSA’, ‘ASPCo’ and ‘Professional Passport’. These accreditations are the gold standard in our industry for value, service and compliance. Therefore you can rest assure that you are always in safest hands. Umbrella.co.uk are affordable, competitive, flexible and here to help you.
Please contact us for more information or a competitive quote on 01625 546 610 (option 1) or firstname.lastname@example.org
NumberMill are a firm of practising ACCA accountants, who are also IR35 specialists. This means that they have a whole suite of solutions to suit contractor’s individual circumstances. One technical specialists will look at your personal position and make recommendations and offer you choice. Call NumberMill on 0333 121 2001 (option 1) or email email@example.com
JMK – Maximising Your Worth
Part of the JMK Group UK; a specialist accountancy practice that provides expert, tailored, compliant advice and support for contractors. As a professional business JMK work to a strict code of ethics and values. Each fully qualified Accountant is on hand to manage your account and ensure you are inline with UK tax rules. Call JMK on +44 (0)1895 447 800 or email firstname.lastname@example.org
With Key Portfolio, you can have the advantages of employment alongside the freedom of contracting. It really helps to make supply work for teachers and Education workers more rewarding. They’ll run the payroll for all your agency assignments and will also give you benefits (like sick pay, maternity pay and paternity pay) when you need them. And, you’ll get a package of employee perks and discounts, with exceptional savings on shopping, travel, restaurants and more. Call Key Portfolio on 0345 371 0303 or email email@example.com
If you are still unsure about how to proceed, your consultant at TLTP will be more than happy to help. Contact us today on 020 8709 6540 or email firstname.lastname@example.org.