Payroll services – the easy way to get paid as a contractor
Are you a contractor working on assignments? Join Cool Company and benefit from our simple contractor payroll solution!
We offer you an easy way to get paid as a contractor, so you have more time to focus on your work.
- Create your Employee Account
- Quick setup, ready to invoice in under 15 minutes
- Transparent pricing with a fixed margin per timesheet
How do payroll services work?
Cool Company will manage your payroll and all client invoicing. With three simple steps you can get paid by your client compliantly and hassle-free:
Secure your own assignments.
As an employee of a payroll company, you keep the freedom of choosing your clients. Just register your assignment in our portal.
Submit your timesheet.
Record and submit the time you have worked. We will convert this into an invoice to your client.
Get paid. We handle everything else.
As soon as your client pays the invoice, we deduct all taxes, national insurance, and pension. Then we pay you the rest as your net income.
Calculate your salary
You invoice £
What you get: £1,293
You live in:
You bill:
£1,293*
£22.50
*DISCLAIMER: This illustrative calculation has been prepared to the best of our knowledge and belief on the basis of the information supplied to us. However, actual results may vary from the illustration and any variation may be materially positive or negative.
| Tax, National Insurance & Pension | |
| Employers NIC | £278.00 |
| Employer Pension | £0.00 |
| Employee NIC | £112.89 |
| Income Tax | £543.39 |
| Employee Pension | £0.00 |
Trusted by over contractors and businesses since 2009
Weekly*
£22.5
Monthly*
£80
*) E.g. you raise a timesheet that stretch over one week or one month.
You only pay the margin when your sent invoice is paid.
Why choose Cool Company as your payroll solution?
- Easy timesheet recording, with everything in one place
- Same day payments on all payments to you
- Friendly personal support through phone, chat, and email
PAYE done right!
- All taxes and national insurance deductions made and reported to HMRC. Ensuring you’re compliant and free from risk – no self-assessment tax returns
- Comprehensive insurance cover including Public Liability, Professional Indemnity and Employers Liability
- Access to all employment rights including SSP, SMP/SPP and holiday pay
- No more IR35 worries – when using our payroll services, you are outside the scope
Read more about what PAYE is
Feedback from our users
Such a great service! So easy to use and really makes the entire process a breeze! Thanks!
MICHAEL
Great service and very smooth payment system!
KATERINA
Payroll services UK –
Some frequently asked questions
Need some guidance?
Not sure how to create an account, complete your profile, create an assignment, or raise a timesheet?
Applying for a loan or finance?
As a contractor through Cool Company you can now digitally verify your income and employment data when you are applying for a loan or finance. No more rushing around hunting for payslips, employment contacts, or other documentation to support your application.
How does it work?
It couldn’t be easier.
1. Fill in your finance application, online, with your chosen provider and when asked for evidence of earnings, select to verify online with Work Report.
2. Enter your employment and income details and verify your information and your data is verified in real time during the application process.
3. Sit back and wait for the decision from your provider.
Data is shared under the terms of the General Data Protection Regulations (GDPR) and Experian is authorised and regulated by the Financial Conduct Authority
Sign up with us today!
Join the 70,000 + contractors using our service. With no obligation or subscription costs, you have nothing to lose. All taxes paid for you. Easy, simple, peace of mind.