Whether you're just starting as a contractor or have been working through an umbrella company for some time, forming a limited company could be the most profitable way to do business, especially if you earn more than £35,000 per year.

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By setting up a limited company, you can pay yourself a combination of salary and dividends, which can be more tax-efficient. Additionally, it offers greater flexibility in managing your expenses.

While a limited company comes with more responsibility and paperwork, that's where we come in—we can handle almost all of it for you.

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Our Approved Providers will assist in setting up and running a limited company as easy as possible.

If you’re considering starting your own limited company, it's important to be aware of IR35 legislation. Although the details can be complex, there's no need to let them cause you undue worry.

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The Magna Pay has extensive expertise in the sector, so you can trust us to provide the support you need to stay compliant with the legislation.