MyPay is a payroll company that provides a fast, efficient and friendly service to all of our members.  You simply provide us a copy of your timesheet and expenses and we do the rest.  We will invoice your agency/ end-client and pay you into your personal bank account, whilst offsetting all genuine business expenses to increase your take home pay.

At MyPay we have looked at the 3 main areas of importance for contractors whilst deciding on a payroll company

• Compliance
• Ease of Use
• Tax Efficiency

Compliance

With the introduction of both IR35 in 2000 and more recently the MSC legislation in 2007 the need for a safe solution for contractors has never been more important.  MyPay offers a PAYE option ensuring that you are paying the correct levels of tax and National Insurance.  So you can relax knowing everything you earn is yours and there is no risk of any comeback

Ease of Use

We are all familiar with the image of a contractor or freelancer spending Sunday afternoon completing their accounts ready for the week ahead.  This can be time consuming and frustrating. Surely we all deserve the weekend to relax, spend time with family and friends.  Well this is what MyPay has given back to the contractor. Simply submit your timesheet and expenses to MyPay and you can relax in the knowing that your payment is as good as on its way. 

Tax-Efficiency

MyPay can provide an excellent take home pay for contractors after all tax and National Insurance have been deducted.  The reason for this is MyPay allows you to offset 100% of all genuine business expenses you incur in your day to day role against your tax and National Insurance deductions.  By doing this you are able to decrease the amount of tax and NIC that you pay and increase the amount of money you take home.