FAQ

Q. IR35: What is this legislation?

IR35 is one of the of government legislations designed to put an end to Tax and National Insurance Contributions avoidance by using intermediaries such as service companies (Limited or Personal) or partnerships. IR35 affects all contractors who do not meet HMRCs definition of 'self-employment'. Before now, companies could be set up to provide workers to client organisations. This enabled the client to make payments to the company without deducting PAYE or NICs. The worker was then paid in the form of dividends, rather than a salary, thereby saving on NICs.

Q. How does SFS Strategies Umbrella operate?

SFS Strategies Umbrella offers a PAYE umbrella service only and enters into a flexible employment contract with each contractor, allowing them to move from one temporary assignment to another, with minimal effort. It raises invoices based on your timesheets and send them direct to your agency or client for prompt payment.

PAYE Tax, Employers and Employee's National Insurance are calculated and deducted at source and paid to direct to HMRC appropriately on your behalf

Q. How quickly will I be paid?

At SFS Strategies we offer one of the fastest payment cycles within the industry, we process all received funds immediately and transfer them to you within 24 Hours.

Q. If I need paying urgently!

We can also help if your agency cannot issue a remittance and you still require the funds as quickly as possible, we can arrange a same day payment for a small contribution of £25. We will also deduct the processing contribution at source to make you more tax efficient.

Q. What about my statutory benefits?

As an employee of SFS Strategies Umbrella you will be entitled to the same statutory benefits as a permanent employee. Should you need it, you will be entitled to SSP, SMP, SPP . For any further information please do not hesitate to contact us on 0207 866 2169.

Q. How do I register / join SFS Strategies Umbrella?

Joining SFS Strategies is quick and easy, you complete your registration using our joining form or call us over the phone on 0207 866 2169.

Q. How am I paid?

All SFS Strategies employees are paid within 24 Hours to your bank account by direct transfer. We will also deduct the processing fee at source so you receive tax relief on it.

Q. How long am I tied into using SFS Strategies Umbrella?

You are not tied into any set minimum or maximum period; you can stay and leave when you like.

Q. Do I need to arrange insurances in relation to my contract?

No, SFS Strategies provides all the required professional insurances you need to work safe and secure. Our Insurances include:

• £2 million Professional Indemnity
• £5 million Public & Product Indemnity
• £10 million Employers Liability

Q. Do I receive holiday pay?

The enhanced rate of pay your agency / client pay you when working via an Umbrella Company includes your statutory holiday entitlement, All payslips issued by SFS Strategies clearly detail what proportion of your invoice is holiday pay, it is entirely up to you what you do with these funds, you can save them and use them when taking a holiday or you can spend them and take holidays as unpaid.

Q. Where do I send my timesheets?

Completed Timesheets should be send to us via email or fax. We also acknowledge the receipt of them by text and email for you to have the peace of mind that we got them.

Q. What ID do I need to join?

You will be required to supply one form of photo ID (such as a passport, driver’s license, national ID card), as well as something proving your address.