OPD UMBRELLA COMPANY

As part of OPD's services, clients receive an hour of complimentary consultancy with PMCT Accountants & Consultants. We strive to ensure transparency and clarity in our charges and management fee deductions. Additionally, we take into account all relevant deductions to cover both personal and business taxes as applicable.

The OPD Umbrella Company team collaborates with various recruitment agencies to handle the compensation process for umbrella company engagements. It is common for recruitment agencies to recommend OPD Umbrella Company to individuals, and vice versa, as individuals often recommend us to recruitment agencies. This mutual referral system fosters strong partnerships and trusted relationships within the industry.

Your Trusted Umbrella Company Partner

At OPD Umbrella Company, we prioritise fair remuneration and support for contractors under IR35 regulations, ensuring a seamless PAYE experience with added benefits.

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Trusted by Contractors

Reliable Service

The OPD Umbrella Company implements a comprehensive remuneration package to ensure that employees who participate are not at a disadvantage. Contractors engaged under the OPD Umbrella Company operate under the PAYE scheme, and relevant deductions, such as income tax, employee national insurance, pensions, and student loans (if applicable), are taken into account at the source. Additionally, employees are provided with the option of paid holidays, reimbursement of approved training expenses, coverage of other relevant expenses, potential performance-based end-of-year dividends through the employee share scheme (if eligible), and adherence to all statutory entitlements.

Specialised Embrella Company Managers

OPD offers support to individuals impacted by IR35 regulations. As a Recruitment Agency, we assist them in securing contract employment opportunities, while our OPD Umbrella Company oversees the management of their compensation schemes within the framework of their employment contracts.

OPD Umbrella Company - Process

A Career With OPD Umbrella Company

It is crucial to emphasise that the term "Umbrella Company" does not have a defined legal status according to the Company Acts or HMRC regulations. Therefore, any group or entity attempting to persuade you of their accreditation as an Umbrella Company should not be regarded as legitimate based solely on such assertions.

OPD Umbrella Company - Benefits

OPD goes beyond the typical offerings of an Umbrella Company by providing extensive assistance. We have a close partnership with PMCT Accountants & Consultants, who will handle the completion and filing of your Self-assessment related to your consideration of working with OPD's Umbrella Company, and this service is provided to you at no cost.

Furthermore, PMCT Accountants & Consultants will also address other tax considerations you may have, such as rented properties and capital gains tax, at a highly competitive price that is advantageous for you. We prioritise offering comprehensive support and favourable pricing to ensure your tax-related needs are met effectively.

PAYE Process

OPD remuneration package is strictly under PAYE tax rules. Employee Income tax and National insurance under PAYE would be deducted. If Student Loan repayment is applicable, it would form part of PAYE deductions. Net income receivable would be paid to your account Weekly or Monthly.

Pension

Enrollment into the OPD Stakeholder Pension is mandatory. OPD takes care of the arrangements for paying the applicable Employer National Insurance and Employer Pension contributions on behalf of employees.

Dividend

OPD provides the option for dividend entitlement based on the net profit after corporation tax. The eligibility to receive dividends depends on individual performance and is considered as part of the periodic Self-assessment filing process.

Training

OPD urges users to allocate a minimum of two weeks for career training. We offer a costed training plan option, allowing users to allocate resources for their professional development and capitalise on the opportunities provided by OPD to enhance their skills and prospects.

Reimbursement

OPD offers reimbursement for relevant and necessary expenses incurred during your engagement with an employer, provided they are certified by PMCT Accountants & Consultants. This reimbursement policy aligns with standard practices where employers typically reimburse employees for such expenses.

Holidays

Employees are entitled to 4 weeks of pro rata annual paid holidays at OPD. The working year is set at 48 weeks. We offer the option to extend holidays beyond the standard 4 weeks, allowing individuals to take additional paid time off, including non-working days, as extra holidays.

Employee Classification

Explore our diverse models for classifying employee engagement and roles.