How does PAYE and Payroll affect contractors?

Our contractor clients will need to have a salary run for them through PAYE. The reason for this is to give the directors credits towards the 30 years National Insurance contributions needed to get a state pension.

The salary is deliberately set at a low amount so that most people pay no tax or national insurance on the salary.

We will run your payroll on a monthly basis and file monthly returns with HMRC as required by law, contact us to find out more.

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