Employee Benefit Trust » Payroll Solutions

5 Benefits of an EBT Payroll Solution

Sun, 11 Jul 2010 14:10:49 +0000

You keep 85% of your contract value

It is hard to talk about this benefit – simply because it is so clearly obvious why this is important! The take home net pay resulting from using an EBT is around an additional 20% for most contractors, which is the same as working for 5 days and being paid for 6, or to put it another way you could instead work for 40 weeks a year in place of 48. Where would you go with all that free time?

There are no expense claims to keep track of

Which contractor does not find expense claims to be a right royal pain? How much would you like to know that you would never need to waste time and energy dealing with this unwanted and un productive administrative overhead?

IR 35 does not figure in the picture

Rather than have to qualify as a contractor through avoidance of falling within the IR35 legislation, which is designed to ensure that contracting does not yield appreciably more take home pay than PAYE, you can also fall outside of all of this legislation and therefore not worry about ever being re-classified and hit with an unexpected tax bill.

You qualify for a referral commission, simply by being paid via an EBT

Because it pays not to advertise EBT schemes, but because like all good businesses we wish to grow, being paid via the EBT qualifies you for a referral commission of 1% of all income paid out to your referee. Put another way, if you are the first in your team to catch on and can spread the benefits to 5 other people, there is an additional 5% pay rise on top of the 20% you have already netted by changing across your own payroll. In today’s economic climate, not many people are going to be the beneficiaries of such a big jump in pay without having first invested heavily in gold.

There are no set up fees

Unlike previous high yield schemes, there are no complicated tax efficient vehicles to set up, no up-front costs, you only pay fees upon any pay which you receive (deducted before your 85% net pay out)

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Why isn’t everyone doing this?

Fri, 09 Jul 2010 14:31:27 +0000

It is only recently that an offering which takes advantage of the opportunities afforded by off shore tax schemes, has been developed and offered to the lower salaried contractor. Until recently these arrangements have been the privilege of the super rich, but now through the application of the same laws, efficiently processed and then offered to a more mainstream audience, it is possible for you to similarly benefit.

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Surely paying tax is of benefit to the country?

Thu, 23 Apr 2009 14:39:19 +0000

Did you know that it is against the American constitution for the Federal government to levy income tax? The founding fathers knew the possibilities of abuse afforded by such powerful tools. Of the income tax levied in the US, the expenditure is approximately as follows: One third is used to pay for the standing armies which protect ‘American interests’ abroad;

A similar amount is spent on the healthcare system, (which although may appear at first glance to be for the common good, is mainly being siphoned off to pharmaceutical interests);

Whilst the remainder is given to the owners of private banks who ‘create’ the dollars used as a national currency, in payment of interest deemed to have accrued upon money taken out on ‘loans’.

The situation is hardly any different in the United Kingdom, and represents neither a beneficial use of money nor an efficient one. If as we do, you sincerely wish to improve the world, we wholeheartedly support the principle of tything, whereby you spend the money yourself on worthy causes with the intention of assisting your fellow man.

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