Self Employed
Working As Self Employed
Ship Shape Pay is an excellent way to maintain the maximum pay and flexibility that comes with self employment, whilst staying compliant with HMRC rules. The main financial benefits are lower National Insurance contributions and the ability for us to offset expenses such as travel, food and clothing against your tax liability. We find self employed workers enjoy a take home pay up to 15% higher than PAYE employees. Depending on your tax status Ship Shape will make gross payments to you with no tax deductions, or payments net of tax as required under CIS for construction workers.
Why choose Ship Shape Pay for Self Employed payroll?
Low fees and unique benefits – compare us to some major providers:
| Ship Shape Pay | Gabem | Sterling | Details | |
|---|---|---|---|---|
| General Benefits | ||||
| HMRC compliant | Yes | Yes | Yes | Read below for more details on all our general benefits |
| Accident Insurance | Yes | Yes | Yes | |
| Electronic pay transfer | Yes | Yes | Yes | |
| Expense handling | Yes | £10.00 each | - | |
| Tax position updated weekly | Yes | - | - | |
| Fees | ||||
| Gross weekly fees (as of Aug 2011)* | £16.90 | £22.00 | £23.00 | More info... |
| Fee free period each new job | Yes | - | - | |
| Special Benefits | ||||
| Free company mobile | Yes | - | - | More info... |
| Personal online account services | Yes | - | - | More info... |
| Free personal tax returns | Yes | £192.34 extra | - | More info... |
*Based on pay of over £300 per week (only £9.90 for lower paid workers). Note: all fees and charges are quoted Gross – beware of providers who quote “Net” figures as these may not be applicable to you.
General Benefits Details
HMRC compliant
Ship Shape has passed a full HMRC review and uses HMRC accredited software, ‘Star’ and ‘Sage’ Payroll Professional, plus we have official BACS Bureau accreditation.
Accident Insurance
We have arranged Public Liability insurance cover of £5 million, plus Accident insurance paying £300 a week income support for up to two years. All for just £2.99 per week.
Electronic pay transfer
Ship Shape can make same day payments, by BACS and CHAPS.
Expenses handling
Keep receipts regarding any business related items as these will reduce the amount of tax payable, or form the basis for a tax refund at the end of the year.
Tax position updated weekly
Our detailed weekly remittances include a clear statement of your tax position, so reducing the chance of any nasty surprises from the tax man at the end of the year!
