Sole Trader Solution

Maximise your income with our Gross Payment Solution (GPS) and access essential insurance benefits. 

Gross Payment Payroll for Sole Traders

Futurelink provides a Gross Payment Solution (GPS) for sole traders and freelancers who work in the UK or overseas. Our gross payment solution allows the worker to be paid in full without any tax or National Insurance (NI) deductions upfront. However, the worker will be liable for taxes in their country of residence, managed through an annual self-assessment that must be completed.

Being self-employed, the worker benefits from using business-related expenses to reduce their tax and NI liabilities. Better yet, neither the worker nor the client pays the employer’s National Insurance. 

What’s Included?

Like all of our other payment solutions, we cover workers for a variety of insurances such as Employers Liability, Public Liability, and Personal Accident. Offshore insurances are also included, so this entitles workers to contract overseas. Additionally, the service is free to clients since we charge a small margin to the worker, which is also tax-deductible.

Get in touch with us today to discover which of our payroll solutions is best suited for your needs, and how you can maximise your take-home pay.

The Benefits

By joining Futurelink, there are many added benefits to the worker and client. Saving money on employment costs, reduced administration time and assuring all parties remain compliant are just some of the advantages when partnering with us.

Other benefits include:

Easy Sign Up

Seamless onboarding process using DocuSign.

Faster Payments

We offer same-day, fast payments to all of our clients.

Daily Payrolls

Daily payrolls from Monday to Friday - twice on Fridays!

Insurances

Required insurances all included within our fee.

Online Portal

Access to our secure online worker portal.

Tax

Client tax indemnification included.

Helpful Information

We’ve put together some helpful information regarding our sole trader solution for you below…

A gross payment solution ensures that the worker receives their full gross earnings without deductions at the source. To qualify for our GPS solution, the worker must provide a UTR number. 

For UK workers, they will need to pass our SDC (Supervision, Direction and/or Control) questionnaire.

This is all depends on how much the worker earns. As a general rule, the more profit, the more tax workers pay. Here is a rough guideline of how much money you should think about putting aside:

Profits per annum: up to £50,000
% set aside for tax: 25%

Profits per annum: up to £100,000
% set aside for tax: 40%

Profits per annum: between £100,000 and £150,000
% set aside for tax: 45%

Profits per annum: over £150,000
% set aside for tax: 45%

Futurelink offers the Gross Payment Solution to individuals working overseas, regardless of their residency. Since this is a self-employed option, the worker must take the responsibility of setting money aside for tax and NI, and of submitting an end-of-year tax return. Workers can reduce their tax liabilities and subsequently increase their take-home pay by utilising business-related expenses, particularly those related to travel and subsistence.

For those with bank accounts in other currencies, Futurelink has the option to pay in Euros, US Dollars and Pound Sterling. This prevents the worker losing out due to conversion or bank charges. 

Our Testimonials

You can see some of the lovely words from our clients below…

Rob P
Energy Recruitment Agency
"We are an internationally working recruitment agency working with contractors living and working both in the UK and abroad. We have worked with Futurelink since we were established and they have consistently provided excellent support to our contractors. Payment processing times are faster than other umbrella companies that we work with support is clearly a priority to them. I would have no hesitation in recommending Futurelink to any other potential clients. I’d like to pass on my thanks to Andrew, Craig, Daniela and Wojciech and the rest of the team for all their hard work."
Neal F
Energy Recruitment Agency
"I find working with Andrew a pleasure. He is a fantastic representative for the Futurelink group, provides an efficient, speedy and quality service. Andrew is always available to assist with any questions or task and would recommend any agency using Andrew and the Futurelink group for umbrella services."
Craig P
Energy Recruitment Agency
"Referrals aside you guys are head and shoulders above most umbrella companies I have worked with. Excellent customer service and your employees couldn’t be nicer or more accommodating. Liz in particular is always on hand to help."
Frank M
Security Recruitment Agency
“We at Gemini would like to thank you and your team for all your help and support in connection to payroll solutions. We find Futurelink Groups approach to be responsive to action when required with a courteous and bright manner – keep up the good work!”
Chris S
Project Manager
"Just a quick message to thank yourselves for the service I am getting from you! Every email or problem is replied to and resolved almost immediately, couldn't ask for a better company to be doing my payroll. I have used a few over the years and this is second to none.Would like to thank Daniela and the 2 Gemmas for their help. Would recommend Futurelink to anyone - Keep up the good work!"
Martin S
Offshore Surveillance Engineer
"Superb service! Prompt, reliable, quick responses to enquires. Would 100% recommend. Many thanks to the entire team."
Emanuele
Contract Worker
"I’d like to thank you Liz for your kind availability and professionalism. A breath of fresh air!"
Victoria K
Specialist Construction Company
"All is great our end, and always runs nice and smoothly, which is great."

How Do You Get Started?

Getting set up with one of our Sole Trader Solutions is a straightforward process. Simply reach out to our team, and we’ll take care of everything for you. At Futurelink, we guide you through the entire process. Get in touch with our team now and speak to an expert for an initial consultation completely free of charge.

All you have to do is either give us a call on 01923 277900, drop us an email at sales@futurelinkgroup.co.uk or complete the form below and one of our team will get back to you as soon as possible.