How much Parasol's award winning
contractor service actually costs
Okay, this is the bit where we talk about how much our award winning service is going to cost you. It’s also the bit where some contractors start getting a touch jittery! Relax, there’s no need, because our costs are not only relatively small, but are really transparent and offer excellent value-for-money when you think of what we actually do for you.
First off, with Parasol there are no joining fees, exit fees or minimum terms. Plus we don’t, repeat DON’T, take a percentage of your salary. We deduct a flat rate admin fee per timesheet – no more, no less – there are absolutely, categorically, no hidden extras. So this way, if you get a well-earned pay rise, our costs stay the same and the extra dosh goes straight into your pocket. Result!
| PAYE Service | Gross (this is what you’ll see on your payslip before tax) | Net (if you are a 20% basic rate tax payer) | Net (if you are a 40% higher rate tax payer) | Net (if you are a 50% top rate tax payer) |
| Weekly (per timesheet) | £27.50 | from £16.82 | from £14.38 | from £11.95 |
| Monthly (per timesheet) | £119.50 | from £73.10 | from £62.50 | from £51.91 |
What’s more, we don’t charge you a penny to pay your salary by BACS, but if you need your hard-earned money even quicker than the usual 3 day turn around, we offer the following additional services. We’re also working with our bank to try to introduce Faster Payments for our payroll services, so watch this space.
| Same day CHAPS payment | £35.00 |
| Pay advance | £35.00 |
Don’t forget, you can use our online take home pay calculator to find out how much you could be earning based on your hourly rate of pay. Alternatively, if you’d like a more detailed illustration, our team are waiting, with calculators poised, to work it out for you.
