Samtech Solutions offer two simple options for the contract worker first option is with limited company and second option is PAYE Scheme. This option allows your salary to be paid via Samtech Solutions which is a Limited company. Your Tax and National Insurance are not organized for you with this option, our company simply receive your salary from the Agency that you are working through, process this via Samtech Solutions and then transfer your salary to you as soon as we receive it. However with this option only you will be responsible for paying your own Tax and National Insurance.

Second, we offer PAYE Scheme option under Agency Worker Regulation process your Tax and National Insurance gives you the freedom to enjoy the flexibility of contracting whilst your tax obligations also taken care by our professionals.  Samtech Solutions enables the contractor to take advantage of being legally tax compliant. Moreover, you won't have to worry about IR35 contractor's tax as you will be employed by us so these rules won't apply to you.

Having established the taxable pay that amount is then applied to the percentage of income tax to be paid under the current tax rules for that financial year. We help you to manage your tax obligations and Maximize Earnings. To calculate the income tax the employer determines the cumulative tax free allowance in a specific week or month and deducts this allowance from the cumulative gross pay that employee is due at that tax week including current wages or salary and all previous income earned during the current tax year including any earnings from other employers.

You can get better advantages with your Tax Return. As for payrolls and benefits, it is important to come up with the most efficient way to handle pension schemes, share allotments to employees, etc. For instance, there is the possibility of liabilities piling up over time and suddenly hitting home with penalties in a PAYE inspection. But mixing up all this with a PAYE scheme that deducts tax and NI contributions can also be a tricky and dangerous matter for the employer. To get more info about our services feel free to visit us at http://www.samtechsolutions.co.uk/.

Registered Address
18 The Fairway
Kettering
Northants
NN15 6GQ
Contact Number
07864 028572
Email: [email protected]