How the Contractor Co-op works with Contractors
Owned and managed by the employee members, the Contractor Co-op offers a new way for you to engage with your clients, that is strong, safe and practical.
Traditional payroll umbrellas are in business to make a profit for their shareholders at the expense of their employees. Whilst the Contractor Co-op seeks to be successful and profitable, it exists first and foremost for the benefit of its employees and members.
We put contractors first – it’s that simple.
It’s free to join or leave and all our services are wrapped up in either one weekly deduction of £27.69 or one monthly deduction of £120. There are no hidden fees, no offshore companies, no loan schemes, just a reliable and trustworthy payroll umbrella.
Putting contractors first
The Contractor Co-op is 100% dedicated to compliance and ensures that all amounts paid to employees are fully taxed and accounted for.
We provide a bespoke and individual service with telephone lines staffed by professionals who understand the contracting market and can talk to you knowledgeably about your options.
As an employee member of the Contractor Co-op you are protected with full employment status including sick pay, maternity pay, holiday pay and workplace pension, whilst enjoying all the benefits of ownership and control.
BENEFITS OF BEING WITH US
The Contractor Co-op provides a complimentary rewards scheme to its employees which can save you hundreds of pounds each year with its wide range of discounts and cash back offers. For further information, please see our Employee Benefits guide.
As an employee of the Contractor Co-op you will also have priority access to specialist accounting, legal and financial guidance along with access to market leading pension portfolios, EIS and VCT Investments.
All employees are backed up with our industry recognised Insurance cover £10m employers’ liability, £5m public liability and £5m professional indemnity insurance cover.
We operate a weekly and monthly payroll with all payments made same day using the Faster Payment Service. We can also arrange full advances on receipt of client funds at no additional charge.