What is an Umbrella Company?
An umbrella company is a type of employment structure that allows contractors to work on short-term contracts while being employed by the limited company. This arrangement provides contractors with the benefits of being an employee, such as tax deductions, PRSI (Pay Related Social Insurance) contributions & USC(Universal Social Charge) deductions, while still allowing them to work on a flexible basis. The umbrella company acts as an intermediary between the contractor and the client, handling payroll and tax compliance.
Plans that work for you
We offer a range of flexible plans designed to suit your individual circumstances. Our PAYE umbrella company services are designed to provide you with the peace of mind you need, while our limited company solutions give you the flexibility to manage your own business.
PAYE Umbrella Employee
Our PAYE Umbrella Employee service is perfect for first-time contractors earning more than €100/day or those who prefer a straightforward approach. This option is ideal for individuals on Stamp 1G, Stamp 1 visa or any other visa that allows them to work in Ireland including Stamp 4/EU or Irish citizens.
PAYE Umbrella Director
Our PAYE Umbrella Director service is designed for long-term contractors earning more than €200/day while still enjoying the benefits of an umbrella company. This option is only limited to individuals who has no restriction on their visa to work in Ireland. This includes contractors on Stamp 4/EU or Irish citizens.
How much can I take home?
The amount you can take home as a contractor in Ireland depends on several factors, including your income level, tax deductions, and the type of contract you have. As a general rule, contractors can expect to take home between 60% and 80% of their gross income after taxes and deductions. However, this can vary significantly based on your individual circumstances. Umbrella companies typically charge a fee for their services, which can also impact your take home pay.
Paytube offers a fixed fee of €50 per month for our PAYE Umbrella Employee service and a fixed fee of €100 per month for our PAYE Umbrella Director service. This fee covers all payroll processing, expense submissions, tax compliance, and other administrative tasks associated with being a contractor in Ireland.