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Total Clients - 2500
Oriel Contractors have been looking after contractors for some time and certainly know what they're doing. This is a friendly and knowledgeable umbrella company providing contractors with peace of mind that their money is being well looked after.
Their website is user friendly and provides all the information that a new contractor needs to understand how an umbrella company works.
Oriel Contractors Ltd are experts in the field of contractor payroll solutions and are one of the fastest growing umbrella companies in the UK. Our success is thanks to our commitment to achieving high levels of customer satisfaction through a range of well thought out, practical services and fantastic customer service.
Oriel understands what is important to both contractors and recruitment agencies and the benefits of using our service include:
The registration process for umbrella company contractors working through agencies is a simple one. Just email our Contractors team to start the registration process.
If you are unsure of your employment status - employed or self-employed - we offer a quick self-employment test (OSET) that helps you check your employment status.
If you qualify as self-employed, the CIS scheme or setting up a PTC might be more tax efficient for you. If you qualify as an employee, then the umbrella option is the appropriate payroll service for you. Self-employed workers can also chose the umbrella service if you prefer.
We will give you all the guidance you need on allowable business expenses, which you can claim through the umbrella company. There's also our specialist tax team on hand to help you with your expense issues.
Oriel Umbrella automatically provides public liability cover as well as employer's liability cover to all umbrella workers. In addition, we have added a personal accident policy to cover you whilst you're working.
The main limits of the cover are:
Employer's Liability: £10,000,000
Public Liability: £2,000,000
Products Liability: £2,000,000
Personal Accident: £200 per week for up to 52 weeks
Loss of limbs or eye or total hearing or death whilst working: £50,000
Subcontractors are legally required to prove that they are eligible to work in the UK. All new contractors will need to provide their passport as proof of identity.
If you are unable to provide a passport, please contact our payroll department on 0845 226 1823 to discuss which alternative documentation is acceptable as proof of eligibility to work in the UK.
The Umbrella company is simply the company that you join as an employee through which your wages are paid and the Umbrella company is responsible for paying your PAYE tax and NI contributions direct to HMRC.
Being paid through an umbrella company allows you to offset business expenses against your income on a weekly (or monthly basis). In this way you can claim tax relief for your business expenses at the earliest opportunity increasing your take home pay.
Oriel Contractors Limited is an umbrella company to which you become an employee of Oriel Contractors Limited and enables you to claim tax relief on your business expenses. Statutory employee deductions such as NIC and tax will be made from your gross income, as will our processing fee; we will also identify your holiday entitlement on your payslip.
We then offset your business related expenses, which you have submitted, against your income to calculate tax relief. Using the Oriel Contractors Umbrella Solution can increase your take home pay compared to being paid through a standard PAYE scheme.
As an employee of Oriel Contractors you will be eligible for Holiday Pay, SSP and other employee rights.
The only cost to you will be the weekly processing fee (charged only for the weeks you work), you will not be asked for a joining fee and there is no penalty for leaving us.
We process our payroll on the Wednesday following the working week and make your net payment direct into your bank account on the Friday.
In order to meet these deadlines we will need all timesheets by 4 p.m. on the Tuesday and your agency will have to make payment to Oriel Contractor's by the Friday when your payment is made.
If deadlines are missed we have the capability to make special payments but there is a charge for this service.
Oriel Umbrella Service helps make contracting hassle free, within our service we provide:Detailed pay reports
Terrific price coupled with great service.