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Choice for Contractors

Choice for Contractors
When your PSC is engaged on a sub-contractor agreement with Choice, flexibility is the name of the game. When you accept a contract, we agree the rate with you and provide a simple self-billing system. We pay our sub-contractors the contract rate we have agreed with the client less our standard 6% margin. Our margin covers all contracts, insurances, invoices, remittances and the provision of your own personal online portal.

Of course, you are not obliged to accept the contracts offered to you – indeed you can work anywhere you choose. You can even send a suitably qualified substitute for the assignment providing you accept the responsibility to pay them.

Each week you can use our self-billing system to invoice us for the services you have provided. We then pay those invoices and cleared funds are in your company bank account each Friday.

Through our on-line self-billing system, we also send you a remittance advice note to confirm our payment, so the process couldn’t be simpler.

And with the right accountant supporting your PSC, worrying about deadlines and financial uncertainty will be a thing of the past.

Choice for Contractors Infographic

What’s in it for you?

PAYE vs Choice take home comparison

Take home pay as an Agency Worker
Pay Rate
per hour
 Employees
Tax & NI
Net Take Home
from Agency
  £ 8.50   £ 45.73   £ 294.27
  £ 9.50   £ 58.53   £ 321.47
 £  10.50   £ 71.33   £ 348.67
 £  11.50  £  84.13   £ 375.87
 £  12.50  £  96.93   £ 403.07
 £  13.50  £  109.73   £ 430.27
 £  14.50  £  122.53   £ 457.47
Take home using Choice subcontracting arrangements
Equivalent pay rate to
your Ltd Company
 Net salary from
Ltd Company
Weekly
Increase over PAYE
Annual
Equivalent
  £ 9.50   £ 320.53   £ 26.26   £ 1,260.55
  £ 10.50   £ 350.67   £ 29.20   £ 1,401.68
 £  11.50   £ 379.80   £ 31.13   £ 1,494.19
 £  12.50  £  407.68   £ 31.81   £ 1,526.82
 £  13.50  £  435.56   £ 32.49   £ 1,559.44
 £  14.50  £  463.44   £ 33.17   £ 1,592.06
 £  15.50  £  501.37   £ 43.90   £ 2,107.32
Notes

Based on 40 hours
No Expenses Included
Standard Margin included in Calculations
Based on 48 Weeks
Based on £50 Expenses