Consistent Employment Records and Mortgage Benefits – As a contractor using our Umbrella Company for each assignment, you enjoy the benefit of having a consistent employment record. This becomes particularly invaluable when making mortgage and loan applications, as it demonstrates stability and reliability to lenders.
Clear and Competitive Margin – At Faxon, our Margin represents the total cost of providing our services for the Pay Period, with no hidden charges. We are transparent about our fees and ensure that you clearly understand the value we provide.
Sign up with Faxon Umbrella – Our pricing plans are designed to be affordable and accessible. You can sign up for Faxon Umbrella starting from just £20 a week or £65 a month – a small investment for the peace of mind and benefits you’ll receive.
Simplify Your Income, Whatever Your Circumstances – Faxon is here to simplify your payment process, whether you’re a new contractor in-scope of IR35 or an existing limited company contractor with a new role inside the IR35 rules.
We are here for you
Are you working as a contractor Inside IR35, or do you want to avoid the stress and statutory requirements of registering a limited company? Look no further than Faxon - the right solution finder for you.
Flexible Payment Options
Faxon applies the agreed Margin or Umbrella Fee based on the type of pay schedule you choose – either Weekly or Monthly. You can select the payment option that best aligns with your cash flow needs and preferences.
Expect No Unexpected Bills with Regular PAYE and NIC Payments
Say goodbye to unexpected bills at the end of the tax year. We ensure smooth financial management by making regular Pay As You Earn (PAYE) and National Insurance Contributions (NIC) payments each time you get paid.
Request a Take Home Pay Calculation
Using our contractor calculator, you can gain a precise estimate of your net income – an invaluable tool for financial planning. It allows you to project your potential earnings from prospective contracts, providing clarity and peace of mind.
Comprehensive Cost Coverage – When you choose Faxon Umbrella, our cost coverage includes:
- Same Day Payment directly to your accounts
- Private pension scheme
- Online Portal and Timesheets Submission
- Self-Assessment Return at a discounted price
- Public Liability, Professional Indemnity & Employers’ Liability Insurance
- Email & WhatsApp Support
Faxon Umbrella Plus – Enhance Your Benefits – Upgrade to Faxon Umbrella Plus to enjoy additional benefits such as:
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- Tax Planning
- Salary Sacrifice for Personal Pensions
- Allowable Expenses
- Self-Assessment Returns
- Insurance Cover
- Statutory Payments
Reviews
The company’s specialists work at three of our facilities. We get quality services, timely tax reporting, and swift resolution for issues at the highest level.
Can’t thank them enough for updating our internal reporting mechanisms and simplifying the job of an accounting department. The best investment ever!
We could not have wished for a better partner! Your team is responsible for a, frankly, astonishing improvement in our finances over the years. Kudos!
Huge thanks to you! Thanks to your efforts in writing a business plan, our construction company has reached a new level. We have received a major order!
On behalf of the company, I express my gratitude for the long-term and fruitful cooperation, which consists in providing accounting services.
Love their approach. Company director personally supervised all of the reports for the last year. Our accounting has never been this good.
FAQ's
How often do I get paid?
Payment schedules are available weekly and monthly, depending on the frequency at which you anticipate receiving payments from your employment agency
What is 'Inside' or 'Outside' IR35?
‘Inside’ or ‘Outside’ refers to categorising your work assignment based on specific criteria under IR35. If your work assignment falls within the IR35 rules, it becomes subject to Income Tax and National Insurance contributions (NICs).
How does IR35 Work?
IR35 applies when three conditions are met:
- An individual performs services for a client.
- The client expects a set process (such as company training) to be followed.
- The client supervises the individual and provides feedback on jobs.
Additional factors include the provision of company equipment.
How do I know which umbrella company to trust?
When choosing an umbrella company, consider the following:
- Beware of high take-home pay rates that may indicate involvement in a contractor loan scheme.
- Ensure that expense claims align with allowable expenses defined by HMRC.
- Research the company’s reputation, reviews, and compliance with industry regulations.
What is my tax code?
Your specific tax code, such as the 1257L code, is determined by your circumstances. You can find it on your payslip or P45.
Partner with Faxon Umbrella today and experience hassle-free contracting. Let us handle your financial management while you focus on what you do best – delivering exceptional work as a contractor.
How can we help?
Contact Faxon and let’s discuss how we can help you.